Allakos Return on Invested Capital from 2010 to 2024
| ALLK Stock | USD 1.06 0.01 0.95% |
Check Allakos financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allakos main balance sheet or income statement drivers, such as Net Interest Income of 11.3 M, Interest Income of 11.3 M or Depreciation And Amortization of 6.4 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 1.47. Allakos financial statements analysis is a perfect complement when working with Allakos Valuation or Volatility modules.
Allakos | Return on Invested Capital |
About Allakos Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Allakos income statement, its balance sheet, and the statement of cash flows. Allakos investors use historical funamental indicators, such as Allakos's Return on Invested Capital, to determine how well the company is positioned to perform in the future. Although Allakos investors may use each financial statement separately, they are all related. The changes in Allakos's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allakos'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 Allakos Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allakos. Please read more on our technical analysis and fundamental analysis pages.
Allakos Inc., a clinical stage biopharmaceutical company, develops therapeutics that target immunomodulatory receptors present on immune effector cells in allergy, inflammatory, and proliferative diseases. The company was incorporated in 2012 and is headquartered in Redwood City, California. Allakos operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 192 people.
Pair Trading with Allakos
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 Allakos 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 Allakos will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Allakos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allakos 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 Allakos - 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 Allakos to buy it.
The correlation of Allakos 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 Allakos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allakos 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 Allakos 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 the analysis of Allakos Correlation against competitors. For more information on how to buy Allakos Stock please use our How to buy in Allakos Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Allakos Stock analysis
When running Allakos' price analysis, check to measure Allakos' 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 Allakos is operating at the current time. Most of Allakos' value examination focuses on studying past and present price action to predict the probability of Allakos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allakos' price. Additionally, you may evaluate how the addition of Allakos to your portfolios can decrease your overall portfolio volatility.
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Is Allakos' 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 Allakos. If investors know Allakos 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 Allakos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.14) | Return On Assets (0.39) | Return On Equity (0.78) |
The market value of Allakos is measured differently than its book value, which is the value of Allakos that is recorded on the company's balance sheet. Investors also form their own opinion of Allakos' value that differs from its market value or its book value, called intrinsic value, which is Allakos' 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 Allakos' market value can be influenced by many factors that don't directly affect Allakos' 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 Allakos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allakos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allakos' 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.