Aldeyra Enterprise Value over EBIT from 2010 to 2024

ALDX Stock  USD 3.27  0.19  6.17%   
Check Aldeyra financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aldeyra main balance sheet or income statement drivers, such as Depreciation And Amortization of 249.6 K, Interest Expense of 2.2 M or Selling General Administrative of 8.1 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Price Book Value Ratio of 1.62. Aldeyra financial statements analysis is a perfect complement when working with Aldeyra Valuation or Volatility modules.
  
This module can also supplement Aldeyra's financial leverage analysis and stock options assessment as well as various Aldeyra Technical models . Check out the analysis of Aldeyra Correlation against competitors.
For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.

About Aldeyra Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Aldeyra income statement, its balance sheet, and the statement of cash flows. Aldeyra investors use historical funamental indicators, such as Aldeyra's Enterprise Value over EBIT, to determine how well the company is positioned to perform in the future. Although Aldeyra investors may use each financial statement separately, they are all related. The changes in Aldeyra's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aldeyra's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Aldeyra Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aldeyra. Please read more on our technical analysis and fundamental analysis pages.
Aldeyra Therapeutics, Inc., a biotechnology company, develops and commercializes medicines for immune-mediated ocular and systemic diseases. Aldeyra Therapeutics, Inc. was incorporated in 2004 and is based in Lexington, Massachusetts. Aldeyra Therapeu operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 15 people.
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 Aldeyra 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, Aldeyra's short interest history, or implied volatility extrapolated from Aldeyra options trading.

Pair Trading with Aldeyra

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 Aldeyra 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 Aldeyra will appreciate offsetting losses from the drop in the long position's value.

Moving against Aldeyra Stock

  0.52YS YS Biopharma Report 22nd of April 2024 PairCorr
The ability to find closely correlated positions to Aldeyra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aldeyra 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 Aldeyra - 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 Aldeyra to buy it.
The correlation of Aldeyra 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 Aldeyra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aldeyra 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 Aldeyra 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.
Pair CorrelationCorrelation Matching
When determining whether Aldeyra offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aldeyra'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 Aldeyra Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aldeyra Stock:
Check out the analysis of Aldeyra Correlation against competitors.
For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.
Note that the Aldeyra information on this page should be used as a complementary analysis to other Aldeyra's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for Aldeyra Stock analysis

When running Aldeyra's price analysis, check to measure Aldeyra'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 Aldeyra is operating at the current time. Most of Aldeyra's value examination focuses on studying past and present price action to predict the probability of Aldeyra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldeyra's price. Additionally, you may evaluate how the addition of Aldeyra to your portfolios can decrease your overall portfolio volatility.
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Is Aldeyra'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 Aldeyra. If investors know Aldeyra 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 Aldeyra listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.64)
Return On Assets
(0.16)
Return On Equity
(0.28)
The market value of Aldeyra is measured differently than its book value, which is the value of Aldeyra that is recorded on the company's balance sheet. Investors also form their own opinion of Aldeyra's value that differs from its market value or its book value, called intrinsic value, which is Aldeyra'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 Aldeyra's market value can be influenced by many factors that don't directly affect Aldeyra'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 Aldeyra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aldeyra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aldeyra'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.