Precision Biosciences Stock Market Value
| DTIL Stock | USD 9.74 0.98 9.14% |
| Symbol | Precision |
Precision BioSciences Price To Book Ratio
Is Precision BioSciences' industry 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 Precision BioSciences. If investors know Precision 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 Precision BioSciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (332.12) | Revenue Per Share 12.685 | Quarterly Revenue Growth (0.34) | Return On Assets (0.14) | Return On Equity (1.07) |
The market value of Precision BioSciences is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision BioSciences' value that differs from its market value or its book value, called intrinsic value, which is Precision BioSciences' 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 Precision BioSciences' market value can be influenced by many factors that don't directly affect Precision BioSciences' 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 Precision BioSciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision BioSciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision BioSciences' 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.
Precision BioSciences '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 Precision BioSciences' 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 Precision BioSciences.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Precision BioSciences on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Precision BioSciences or generate 0.0% return on investment in Precision BioSciences over 30 days. Precision BioSciences is related to or competes with X4 Pharmaceuticals, Acumen Pharmaceuticals, Inozyme PharmaInc, Terns Pharmaceuticals, Day One, Eledon Pharmaceuticals, and Hookipa Pharma. Precision BioSciences, Inc., a clinical stage gene editing company, develops in vivo gene editing and ex vivo allogeneic... More
Precision BioSciences 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 Precision BioSciences' 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 Precision BioSciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.78 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 51.63 | |||
| Value At Risk | (7.51) | |||
| Potential Upside | 9.28 |
Precision BioSciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precision BioSciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precision BioSciences' standard deviation. In reality, there are many statistical measures that can use Precision BioSciences historical prices to predict the future Precision BioSciences' volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | 0.0302 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1484 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Precision BioSciences' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Precision BioSciences Backtested Returns
We consider Precision BioSciences relatively risky. Precision BioSciences maintains Sharpe Ratio (i.e., Efficiency) of 0.0048, which implies the firm had a 0.0048% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Precision BioSciences, which you can use to evaluate the volatility of the company. Please check Precision BioSciences' Semi Deviation of 6.58, risk adjusted performance of 0.0146, and Coefficient Of Variation of 11141.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.0333%. The company holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Precision BioSciences' returns are expected to increase less than the market. However, during the bear market, the loss of holding Precision BioSciences is expected to be smaller as well. Precision BioSciences right now holds a risk of 6.9%. Please check Precision BioSciences maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if Precision BioSciences will be following its historical price patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Precision BioSciences has very good reverse predictability. Overlapping area represents the amount of predictability between Precision BioSciences time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Precision BioSciences price movement. The serial correlation of -0.68 indicates that around 68.0% of current Precision BioSciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.37 |
Precision BioSciences lagged returns against current returns
Autocorrelation, which is Precision BioSciences 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 Precision BioSciences' stock expected returns. We can calculate the autocorrelation of Precision BioSciences returns to help us make a trade decision. For example, suppose you find that Precision BioSciences 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 |
Precision BioSciences 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 Precision BioSciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precision BioSciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precision BioSciences stock over time.
Current vs Lagged Prices |
| Timeline |
Precision BioSciences Lagged Returns
When evaluating Precision BioSciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precision BioSciences stock have on its future price. Precision BioSciences 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, Precision BioSciences autocorrelation shows the relationship between Precision BioSciences stock current value and its past values and can show if there is a momentum factor associated with investing in Precision BioSciences.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Precision BioSciences in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Precision BioSciences' short interest history, or implied volatility extrapolated from Precision BioSciences options trading.
Pair Trading with Precision BioSciences
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision BioSciences position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision BioSciences will appreciate offsetting losses from the drop in the long position's value.Moving against Precision Stock
| 0.41 | PFE | Pfizer Inc Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Precision BioSciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision BioSciences when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precision BioSciences - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precision BioSciences to buy it.
The correlation of Precision BioSciences is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision BioSciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision BioSciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precision BioSciences can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Precision BioSciences Correlation, Precision BioSciences Volatility and Precision BioSciences Alpha and Beta module to complement your research on Precision BioSciences. For more information on how to buy Precision Stock please use our How to buy in Precision Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Precision Stock analysis
When running Precision BioSciences' price analysis, check to measure Precision BioSciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision BioSciences is operating at the current time. Most of Precision BioSciences' value examination focuses on studying past and present price action to predict the probability of Precision BioSciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision BioSciences' price. Additionally, you may evaluate how the addition of Precision BioSciences to your portfolios can decrease your overall portfolio volatility.
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Precision BioSciences 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.