Athenex Story

<div class='circular--portrait' style='background:#FF0000;color: #F8F8FF;font-size:3em;'>ATN</div>
ATNX -- USA Stock  

USD 4.10  0.19  4.43%

It appears Athenex may not have a good chance to recover from the current slide as its shares fell again. The company current daily volatility is 7.37 percent, with a beta of -0.18 and an alpha of -0.16 over DOW. While some baby boomers are getting worried growing market volatility, it is reasonable to break down Athenex based on its historical price movement. We will look into some reasons why it is still possible for Athenex to maintain above-average margins while minimizing volatility.
Published over a month ago
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What does a current Athenex volatility slide mean for investors?
Athenex currently holds roughly 228.31 M in cash with (120.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45.
We provide trade advice to complement the prevailing expert consensus on Athenex. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time.
Investing in Athenex, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Athenex along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Athenex's stock 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. Please use the tools below to analyze the current value of Athenex in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Athenex. Your research has to be compared to or analyzed against Athenex's peers to derive any actionable benefits. When done correctly, Athenex's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Athenex.

How important is Athenex's Liquidity

Athenex financial leverage refers to using borrowed capital as a funding source to finance Athenex ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Athenex financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Athenex's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Athenex, but it might be worth checking our own buy vs. sell analysis

Athenex Correlation with Peers

Investors in Athenex can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Athenex. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Athenex and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Athenex is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of Athenex for more details

Athenex exotic insider transaction detected

Legal trades by Athenex insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Athenex insider trading alert for general transaction of stock option (right to buy) by Kim Campbell, the corporate stakeholder, on 7th of April 2021. This event was filed by Athenex Inc with SEC on 2021-04-07. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking it down a bit more

Athenex secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had -0.12% of return per unit of standard deviation over the last month. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Athenex exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Athenex risk adjusted performance of (0.027752), and Mean Deviation of 2.79 to double-check the risk estimate we provide.
ERGO
DRRX
ELAN
EOLS
EGRX
ERGO
0.580.050.71-0.18
ERGO
DRRX
0.58-0.210.630.08
DRRX
ELAN
0.05-0.210.110.05
ELAN
EOLS
0.710.630.11-0.15
EOLS
EGRX
-0.180.080.05-0.15
EGRX
ERGO
DRRX
ELAN
EOLS
EGRX
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Athenex price slide is serious

Coefficient Of Variation just dropped to -2181.36, may suggest upcoming price decrease. Athenex exhibits very low volatility with skewness of 0.63 and kurtosis of 0.17. However, we advise investors to further study Athenex technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Athenex's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Athenex's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on Athenex

While some other companies in the drug manufacturers?specialty & generic industry are either recovering or due for a correction, Athenex may not be as strong as the others in terms of longer-term growth potentials. To summarize, as of the 1st of March 2021, our analysis shows that Athenex moves indifferently to market moves. The company is undervalued and projects close to average probability of distress for the next 2 years. Our ongoing 30 days recommendation on the company is Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Athenex. Please refer to our Terms of Use for any information regarding our disclosure principles.

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