Onemain Holdings Stock Market Value
| OMF Stock | USD 51.67 0.24 0.46% |
| Symbol | OneMain |
OneMain Holdings Price To Book Ratio
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OneMain Holdings. If investors know OneMain will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OneMain Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 4.08 | Earnings Share 4.56 | Revenue Per Share 20.797 | Quarterly Revenue Growth (0.03) |
The market value of OneMain Holdings is measured differently than its book value, which is the value of OneMain that is recorded on the company's balance sheet. Investors also form their own opinion of OneMain Holdings' value that differs from its market value or its book value, called intrinsic value, which is OneMain Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OneMain Holdings' market value can be influenced by many factors that don't directly affect OneMain Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OneMain Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if OneMain Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMain Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
OneMain Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to OneMain Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of OneMain Holdings.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in OneMain Holdings on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding OneMain Holdings or generate 0.0% return on investment in OneMain Holdings over 30 days. OneMain Holdings is related to or competes with Oaktree Specialty, Barings BDC, Runway Growth, Ally Financial, Navient Corp, Federal Agricultural, and American Express. OneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses More
OneMain Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure OneMain Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess OneMain Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0327 | |||
| Maximum Drawdown | 13.75 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 3.51 |
OneMain Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneMain Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneMain Holdings' standard deviation. In reality, there are many statistical measures that can use OneMain Holdings historical prices to predict the future OneMain Holdings' volatility.| Risk Adjusted Performance | 0.0437 | |||
| Jensen Alpha | 0.0604 | |||
| Total Risk Alpha | 0.0328 | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | 0.0596 |
OneMain Holdings Backtested Returns
OneMain Holdings appears to be very steady, given 3 months investment horizon. OneMain Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OneMain Holdings, which you can use to evaluate the volatility of the company. Please evaluate OneMain Holdings' Coefficient Of Variation of 2132.5, risk adjusted performance of 0.0437, and Semi Deviation of 1.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OneMain Holdings holds a performance score of 8. The company holds a Beta of 1.61, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OneMain Holdings will likely underperform. Please check OneMain Holdings' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether OneMain Holdings' historical price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
OneMain Holdings has poor predictability. Overlapping area represents the amount of predictability between OneMain Holdings time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OneMain Holdings price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current OneMain Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3.29 |
OneMain Holdings lagged returns against current returns
Autocorrelation, which is OneMain Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting OneMain Holdings' stock expected returns. We can calculate the autocorrelation of OneMain Holdings returns to help us make a trade decision. For example, suppose you find that OneMain Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
OneMain Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If OneMain Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneMain Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneMain Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
OneMain Holdings Lagged Returns
When evaluating OneMain Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneMain Holdings stock have on its future price. OneMain Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, OneMain Holdings autocorrelation shows the relationship between OneMain Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in OneMain Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether OneMain Holdings is a strong investment it is important to analyze OneMain Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OneMain Holdings' future performance. For an informed investment choice regarding OneMain Stock, refer to the following important reports:Check out OneMain Holdings Correlation, OneMain Holdings Volatility and OneMain Holdings Alpha and Beta module to complement your research on OneMain Holdings. For more detail on how to invest in OneMain Stock please use our How to Invest in OneMain Holdings guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
OneMain Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.