Dynavax Technologies Stock Market Value
| DVAX Stock | USD 11.43 0.06 0.52% |
| Symbol | Dynavax |
Dynavax Technologies Price To Book Ratio
Is Dynavax Technologies' 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 Dynavax Technologies. If investors know Dynavax 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 Dynavax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share (0.05) | Revenue Per Share 1.804 | Quarterly Revenue Growth (0.70) | Return On Assets (0.02) |
The market value of Dynavax Technologies is measured differently than its book value, which is the value of Dynavax that is recorded on the company's balance sheet. Investors also form their own opinion of Dynavax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Dynavax Technologies' 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 Dynavax Technologies' market value can be influenced by many factors that don't directly affect Dynavax Technologies' 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 Dynavax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dynavax Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dynavax Technologies' 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.
Dynavax Technologies '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 Dynavax Technologies' 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 Dynavax Technologies.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Dynavax Technologies on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Dynavax Technologies or generate 0.0% return on investment in Dynavax Technologies over 30 days. Dynavax Technologies is related to or competes with ANI Pharmaceuticals, Procaps Group, Pacira Pharmaceuticals, and Intracellular. Dynavax Technologies Corporation, a biopharmaceutical company, focuses on developing and commercializing novel vaccines ... More
Dynavax Technologies 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 Dynavax Technologies' 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 Dynavax Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.49 |
Dynavax Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynavax Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynavax Technologies' standard deviation. In reality, there are many statistical measures that can use Dynavax Technologies historical prices to predict the future Dynavax Technologies' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynavax Technologies' 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.
Dynavax Technologies Backtested Returns
Dynavax Technologies secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2% return per unit of risk over the last 3 months. Dynavax Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dynavax Technologies' Variance of 2.29, mean deviation of 1.17, and Standard Deviation of 1.51 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dynavax Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dynavax Technologies is expected to be smaller as well. Dynavax Technologies has an expected return of -0.3%. Please make sure to confirm Dynavax Technologies potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Dynavax Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Dynavax Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Dynavax Technologies time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Dynavax Technologies price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Dynavax Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Dynavax Technologies lagged returns against current returns
Autocorrelation, which is Dynavax Technologies 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 Dynavax Technologies' stock expected returns. We can calculate the autocorrelation of Dynavax Technologies returns to help us make a trade decision. For example, suppose you find that Dynavax Technologies 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 |
Dynavax Technologies 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 Dynavax Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynavax Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynavax Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Dynavax Technologies Lagged Returns
When evaluating Dynavax Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynavax Technologies stock have on its future price. Dynavax Technologies 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, Dynavax Technologies autocorrelation shows the relationship between Dynavax Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Dynavax Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Dynavax Technologies
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 Dynavax Technologies 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 Dynavax Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Dynavax Stock
| 0.69 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Moving against Dynavax Stock
| 0.59 | NUVB | Nuvation Bio Financial Report 2nd of May 2024 | PairCorr |
| 0.57 | JSPRW | Jasper Therapeutics | PairCorr |
| 0.48 | IOVA | Iovance Biotherapeutics Financial Report 14th of May 2024 | PairCorr |
| 0.46 | EWTX | Edgewise Therapeutics Downward Rally | PairCorr |
| 0.44 | INZY | Inozyme PharmaInc Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Dynavax Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynavax Technologies 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 Dynavax Technologies - 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 Dynavax Technologies to buy it.
The correlation of Dynavax Technologies 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 Dynavax Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynavax Technologies 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 Dynavax Technologies 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 Dynavax Technologies Correlation, Dynavax Technologies Volatility and Dynavax Technologies Alpha and Beta module to complement your research on Dynavax Technologies. For more information on how to buy Dynavax Stock please use our How to Invest in Dynavax Technologies guide.Note that the Dynavax Technologies information on this page should be used as a complementary analysis to other Dynavax Technologies' 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Dynavax Stock analysis
When running Dynavax Technologies' price analysis, check to measure Dynavax Technologies' 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 Dynavax Technologies is operating at the current time. Most of Dynavax Technologies' value examination focuses on studying past and present price action to predict the probability of Dynavax Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynavax Technologies' price. Additionally, you may evaluate how the addition of Dynavax Technologies to your portfolios can decrease your overall portfolio volatility.
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Dynavax Technologies 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.