Cabaletta Bio Stock Price on March 26, 2024
| CABA Stock | USD 12.60 0.19 1.53% |
If you're considering investing in Cabaletta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cabaletta Bio stands at 12.60, as last reported on the 3rd of May, with the highest price reaching 13.10 and the lowest price hitting 12.18 during the day. Cabaletta Bio secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of standard deviation over the last 3 months. Cabaletta Bio exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cabaletta Bio's risk adjusted performance of (0.11), and Mean Deviation of 3.19 to double-check the risk estimate we provide.
Cabaletta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cabaletta |
Sharpe Ratio = -0.188
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| Negative Returns | CABA |
Estimated Market Risk
| 4.4 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.83 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cabaletta Bio is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cabaletta Bio by adding Cabaletta Bio to a well-diversified portfolio.
Related Headline
Arcellx Headline on 26th of March 2024
Disposition of 861 shares by Heery Christopher of Arcellx at... by news.google.com
Filed transaction by Arcellx Officer: Chief Medical Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Cabaletta Bio Valuation on March 26, 2024
It is possible to determine the worth of Cabaletta Bio on a given historical date. On March 26, 2024 Cabaletta was worth 16.93 at the beginning of the trading date compared to the closed value of 16.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cabaletta Bio stock. Still, in general, we apply an absolute valuation method to find Cabaletta Bio's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cabaletta Bio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cabaletta Bio's related companies.
| Open | High | Low | Close | Volume | |
| 17.71 | 18.00 | 16.66 | 16.79 | 1,075,636 | |
03/26/2024 | 16.93 | 17.16 | 16.61 | 16.96 | 855,045 |
| 17.11 | 17.21 | 16.60 | 17.15 | 987,834 |
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Cabaletta Bio Trading Date Momentum on March 26, 2024
| On March 27 2024 Cabaletta Bio was traded for 17.15 at the closing time. The top price for the day was 17.21 and the lowest listed price was 16.60 . The trading volume for the day was 987.8 K. The trading history from March 27, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 1.12% . The overall trading delta against the current closing price is 5.96% . |
Cabaletta Bio Fundamentals Correlations and Trends
By evaluating Cabaletta Bio's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cabaletta Bio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cabaletta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cabaletta Bio Stock history
Cabaletta Bio investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cabaletta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cabaletta Bio will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cabaletta Bio stock prices may prove useful in developing a viable investing in Cabaletta Bio
Cabaletta Bio, Inc., a clinical-stage biotechnology company, focuses on the discovery and development of engineered T cell therapies for patients with B cell-mediated autoimmune diseases. Cabaletta Bio, Inc. was incorporated in 2017 and is headquartered in Philadelphia, Pennsylvania. Cabaletta Bio operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 57 people.
Cabaletta Bio Stock Technical Analysis
Cabaletta Bio 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.
Price Boundaries
Cabaletta Bio Period Price Range
Low | March 26, 2024
| High |
16.93 | 16.96 |
Cabaletta Bio May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Cabaletta Bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cabaletta Bio shares will generate the highest return on investment. By undertsting and applying Cabaletta Bio stock market strength indicators, traders can identify Cabaletta Bio entry and exit signals to maximize returns
Cabaletta Bio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cabaletta Bio's price direction in advance. Along with the technical and fundamental analysis of Cabaletta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cabaletta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 1.39 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cabaletta Bio. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Cabaletta Stock refer to our How to Trade Cabaletta Stock guide.Note that the Cabaletta Bio information on this page should be used as a complementary analysis to other Cabaletta Bio'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Cabaletta Stock analysis
When running Cabaletta Bio's price analysis, check to measure Cabaletta Bio'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 Cabaletta Bio is operating at the current time. Most of Cabaletta Bio's value examination focuses on studying past and present price action to predict the probability of Cabaletta Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cabaletta Bio's price. Additionally, you may evaluate how the addition of Cabaletta Bio to your portfolios can decrease your overall portfolio volatility.
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Is Cabaletta Bio'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 Cabaletta Bio. If investors know Cabaletta 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 Cabaletta Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cabaletta Bio is measured differently than its book value, which is the value of Cabaletta that is recorded on the company's balance sheet. Investors also form their own opinion of Cabaletta Bio's value that differs from its market value or its book value, called intrinsic value, which is Cabaletta Bio'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 Cabaletta Bio's market value can be influenced by many factors that don't directly affect Cabaletta Bio'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 Cabaletta Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cabaletta Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cabaletta Bio'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.