Chimerix Stock Market Value
| CMRX Stock | USD 0.97 0.01 1.04% |
| Symbol | Chimerix |
Chimerix Price To Book Ratio
Is Chimerix'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 Chimerix. If investors know Chimerix 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 Chimerix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.94) | Quarterly Revenue Growth (0.99) | Return On Assets (0.26) | Return On Equity (0.40) |
The market value of Chimerix is measured differently than its book value, which is the value of Chimerix that is recorded on the company's balance sheet. Investors also form their own opinion of Chimerix's value that differs from its market value or its book value, called intrinsic value, which is Chimerix'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 Chimerix's market value can be influenced by many factors that don't directly affect Chimerix'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 Chimerix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chimerix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chimerix'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.
Chimerix '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 Chimerix's 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 Chimerix.
| 03/03/2024 |
| 06/01/2024 |
If you would invest 0.00 in Chimerix on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding Chimerix or generate 0.0% return on investment in Chimerix over 90 days. Chimerix is related to or competes with NkartaInc, Cullinan Oncology, Kezar Life, Kronos BioInc, Ocean Biomedical, Elevation Oncology, and Phio Pharmaceuticals. Chimerix, Inc., a biopharmaceutical company, develops medicines to enhance the lives of patients living with serious dis... More
Chimerix 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 Chimerix's 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 Chimerix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 4.35 |
Chimerix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chimerix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chimerix's standard deviation. In reality, there are many statistical measures that can use Chimerix historical prices to predict the future Chimerix's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chimerix's 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.
Chimerix Backtested Returns
Chimerix secures Sharpe Ratio (or Efficiency) of -0.0791, which signifies that the company had a -0.0791% return per unit of risk over the last 3 months. Chimerix exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chimerix's Risk Adjusted Performance of (0.05), standard deviation of 3.31, and Mean Deviation of 2.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chimerix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chimerix is expected to be smaller as well. Chimerix has an expected return of -0.26%. Please make sure to confirm Chimerix coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Chimerix performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Chimerix has good reverse predictability. Overlapping area represents the amount of predictability between Chimerix time series from 3rd of March 2024 to 17th of April 2024 and 17th of April 2024 to 1st of June 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 Chimerix price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Chimerix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chimerix lagged returns against current returns
Autocorrelation, which is Chimerix 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 Chimerix's stock expected returns. We can calculate the autocorrelation of Chimerix returns to help us make a trade decision. For example, suppose you find that Chimerix 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 |
Chimerix 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 Chimerix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chimerix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chimerix stock over time.
Current vs Lagged Prices |
| Timeline |
Chimerix Lagged Returns
When evaluating Chimerix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chimerix stock have on its future price. Chimerix 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, Chimerix autocorrelation shows the relationship between Chimerix stock current value and its past values and can show if there is a momentum factor associated with investing in Chimerix.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Chimerix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chimerix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chimerix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Chimerix Stock:Check out Chimerix Correlation, Chimerix Volatility and Chimerix Alpha and Beta module to complement your research on Chimerix. For more information on how to buy Chimerix Stock please use our How to Invest in Chimerix guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Chimerix Stock analysis
When running Chimerix's price analysis, check to measure Chimerix's 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 Chimerix is operating at the current time. Most of Chimerix's value examination focuses on studying past and present price action to predict the probability of Chimerix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chimerix's price. Additionally, you may evaluate how the addition of Chimerix to your portfolios can decrease your overall portfolio volatility.
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Chimerix 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.