Kura Oncology Related Correlations
KURA Stock | USD 18.75 0.02 0.11% |
Is Kura Oncology's 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 Kura Oncology. If investors know Kura 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 Kura Oncology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.08) | Return On Assets (0.23) | Return On Equity (0.37) |
The market value of Kura Oncology is measured differently than its book value, which is the value of Kura that is recorded on the company's balance sheet. Investors also form their own opinion of Kura Oncology's value that differs from its market value or its book value, called intrinsic value, which is Kura Oncology's 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 Kura Oncology's market value can be influenced by many factors that don't directly affect Kura Oncology's 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 Kura Oncology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kura Oncology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kura Oncology's 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.
Correlations
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Kura Stock performing well and Kura Oncology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kura Oncology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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PTGX | 2.27 | (0.09) | 0.03 | 0.06 | 2.45 | 5.83 | 21.15 | |||
MRUS | 1.82 | 0.15 | 0.09 | 0.21 | 1.72 | 5.25 | 10.60 | |||
REPL | 2.86 | (0.10) | 0.00 | 0.16 | 0.00 | 4.65 | 19.26 | |||
CERE | 0.41 | (0.03) | 0.00 | (0.09) | 0.00 | 1.09 | 5.25 | |||
KALV | 3.10 | (0.15) | 0.00 | (0.11) | 0.00 | 7.14 | 17.60 | |||
CRNX | 2.55 | 0.17 | 0.11 | 0.15 | 2.74 | 5.36 | 26.28 | |||
THRX | 2.29 | 0.98 | 0.59 | 0.94 | 0.56 | 4.93 | 53.69 | |||
VRDN | 2.84 | (0.66) | 0.00 | (0.20) | 0.00 | 5.02 | 16.92 | |||
GRCL | 3.29 | 1.41 | 0.33 | (2.16) | 2.36 | 8.38 | 61.23 | |||
GLUE | 5.19 | 0.09 | 0.04 | 0.11 | 7.27 | 10.84 | 38.28 |