"I know that OR estimates= 1 mean that both groups/categories have the same odds. I also know that if OR estimates are greater than 1, e.g, 1.24 for Young vs. Old persons, then I can say: Young people have 24% increase in the odds of living in an apartment than older people. Odds Ratio is a measure of the strength of association with an exposure and an outcome. OR > 1 means greater odds of association with the exposure and outcome. OR = 1 means there is no association between exposure and outcome. OR < 1 means there is a lower odds of association between the exposure and outcome. When the incidence of an outcome is low (<10%), the odds ratio is very similar to the risk ratio.1 However, the odds ratio becomes exponentially more different from the risk ratio as the incidence In general: If the risk ratio is 1 (or close to 1), it suggests no difference or little difference in risk (incidence in each group is the same). A risk ratio > 1 suggests an increased risk of that outcome in the exposed group. A risk ratio < 1 suggests a reduced risk in the exposed group. If the ratio is great than 1.0, the risk is greater than the reward on the trade. If the ratio is less than 1.0, the reward is greater than the risk. The risk/reward ratio should be used along with other risk management ratios, such as the win/loss ratio and the break-even percentage. Hazard ratio is frequently interpreted as risk ratio (or relative risk), but they are not technically the same. What does a hazard ratio of 1.75 mean? 9th July 2018 at 1:29 pm Reply to Lakshmi. june. Thank you ! 6th August 2018 at 2:33 pm Reply to june. Elliot Dinetz. A ratio of 7 or more is considered a danger sign, a ratio of 4.1 puts you at above average risk of heart disease,if you can get this down to 3.3, by reducing your total cholesterol by dietary changes and exercise, you would go in the below average risk bracket and reduce your risk of heart disease to below that of the average population. A relative risk of 0.5 means that your risk is 1/2 that of average or a 50% lower risk. A relative risk of 1.5 means you have a 50% higher risk than average; A relative risk of 10 means you have 10 times the average risk; Puttng relative risk into context will mean you will need to know the baseline risk of disease Relative Risk (Risk Ratio) • Expresses how many times more (or less) likely an exposed person develops an outcome relative to an unexposed person • Interpretation: – RR > 1 Increased risk of outcome – RR = 1 No risk of outcome – RR < 1 Reduced risk of outcome. 4. A risk ratio equals to one means that the outcomes of both the groups are identical. On the other hand, a rate higher or lower than one would indicate the underlying factor that is responsible for increasing or decreasing the risks in either or both of the groups.
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