Abeona Therapeutics Stock Volatility
| ABEO Stock | USD 3.41 3.95 53.67% |
We consider Abeona Therapeutics dangerous. Abeona Therapeutics secures Sharpe Ratio (or Efficiency) of 1.0E-4, which signifies that the company had a 1.0E-4% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Abeona Therapeutics, which you can use to evaluate the volatility of the firm. Please confirm Abeona Therapeutics' mean deviation of 4.76, and Risk Adjusted Performance of 0.0042 to double-check if the risk estimate we provide is consistent with the expected return of 0.0011%. Key indicators related to Abeona Therapeutics' volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
Abeona Therapeutics Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Abeona daily returns, and it is calculated using variance and standard deviation. We also use Abeona's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Abeona Therapeutics volatility.
Abeona |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Abeona Therapeutics can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Abeona Therapeutics at lower prices. For example, an investor can purchase Abeona stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Abeona Therapeutics' stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with Abeona Stock
| 0.79 | VKTX | Viking Therapeutics Earnings Call Today | PairCorr |
| 0.71 | ELEV | Elevation Oncology Financial Report 20th of May 2024 | PairCorr |
| 0.62 | BMY | Bristol Myers Squibb Earnings Call Tomorrow | PairCorr |
Moving against Abeona Stock
| 0.56 | GILD | Gilead Sciences Earnings Call Tomorrow | PairCorr |
Abeona Therapeutics Market Sensitivity And Downside Risk
Abeona Therapeutics' beta coefficient measures the volatility of Abeona stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Abeona stock's returns against your selected market. In other words, Abeona Therapeutics's beta of -0.46 provides an investor with an approximation of how much risk Abeona Therapeutics stock can potentially add to one of your existing portfolios. Abeona Therapeutics is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Abeona Therapeutics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Abeona Therapeutics' 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 financial instruments as prices fall.
3 Months Beta |Analyze Abeona Therapeutics Demand TrendCheck current 90 days Abeona Therapeutics correlation with market (NYSE Composite)Abeona Beta |
Abeona standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 8.92 |
It is essential to understand the difference between upside risk (as represented by Abeona Therapeutics's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Abeona Therapeutics' daily returns or price. Since the actual investment returns on holding a position in abeona stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Abeona Therapeutics.
Using Abeona Put Option to Manage Risk
Put options written on Abeona Therapeutics grant holders of the option the right to sell a specified amount of Abeona Therapeutics at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Abeona Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Abeona Therapeutics' position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Abeona Therapeutics will be realized, the loss incurred will be offset by the profits made with the option trade.
Abeona Therapeutics' PUT expiring on 2024-05-17
Profit |
| Abeona Therapeutics Price At Expiration |
Current Abeona Therapeutics Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-05-17 PUT at $10.0 | -0.8665 | 0.0873 | 1 | 2024-05-17 | 6.1 - 7.3 | 3.8 | View |
Put | 2024-05-17 PUT at $7.5 | -0.6533 | 0.1179 | 14 | 2024-05-17 | 3.8 - 5.3 | 3.4 | View |
Put | 2024-05-17 PUT at $5.0 | -0.8559 | 0.2143 | 30 | 2024-05-17 | 1.5 - 2.8 | 1.65 | View |
Abeona Therapeutics Stock Volatility Analysis
Volatility refers to the frequency at which Abeona Therapeutics stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Abeona Therapeutics' price changes. Investors will then calculate the volatility of Abeona Therapeutics' stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Abeona Therapeutics' volatility:
Historical Volatility
This type of stock volatility measures Abeona Therapeutics' fluctuations based on previous trends. It's commonly used to predict Abeona Therapeutics' future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Abeona Therapeutics' current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Abeona Therapeutics' to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Abeona Therapeutics Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Abeona Therapeutics Projected Return Density Against Market
Given the investment horizon of 90 days Abeona Therapeutics has a beta of -0.4592 . This suggests as returns on the benchmark increase, returns on holding Abeona Therapeutics are expected to decrease at a much lower rate. During a bear market, however, Abeona Therapeutics is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Abeona Therapeutics or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Abeona Therapeutics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Abeona stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Abeona Therapeutics has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Predicted Return Density |
| Returns |
What Drives an Abeona Therapeutics Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Abeona Therapeutics Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Abeona Therapeutics is 837477.78. The daily returns are distributed with a variance of 79.56 and standard deviation of 8.92. The mean deviation of Abeona Therapeutics is currently at 4.86. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | -0.04 | |
β | Beta against NYSE Composite | -0.46 | |
σ | Overall volatility | 8.92 | |
Ir | Information ratio | -0.02 |
Abeona Therapeutics Stock Return Volatility
Abeona Therapeutics historical daily return volatility represents how much of Abeona Therapeutics stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 8.9198% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.6321% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Abeona Therapeutics Volatility
Volatility is a rate at which the price of Abeona Therapeutics or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Abeona Therapeutics may increase or decrease. In other words, similar to Abeona's beta indicator, it measures the risk of Abeona Therapeutics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Abeona Therapeutics fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 1.4 M | 1.4 M | |
| Market Cap | 107.1 M | 118.4 M |
Abeona Therapeutics' stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Abeona Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Abeona Therapeutics' price varies over time.
3 ways to utilize Abeona Therapeutics' volatility to invest better
Higher Abeona Therapeutics' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Abeona Therapeutics stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Abeona Therapeutics stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Abeona Therapeutics investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Abeona Therapeutics' stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Abeona Therapeutics' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Abeona Therapeutics Investment Opportunity
Abeona Therapeutics has a volatility of 8.92 and is 14.16 times more volatile than NYSE Composite. 79 percent of all equities and portfolios are less risky than Abeona Therapeutics. You can use Abeona Therapeutics to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Abeona Therapeutics to be traded at $3.24 in 90 days.Good diversification
The correlation between Abeona Therapeutics and NYA is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abeona Therapeutics and NYA in the same portfolio, assuming nothing else is changed.
Abeona Therapeutics Additional Risk Indicators
The analysis of Abeona Therapeutics' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Abeona Therapeutics' investment and either accepting that risk or mitigating it. Along with some common measures of Abeona Therapeutics stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0042 | |||
| Market Risk Adjusted Performance | 0.1877 | |||
| Mean Deviation | 4.76 | |||
| Coefficient Of Variation | (12,197) | |||
| Standard Deviation | 8.73 | |||
| Variance | 76.27 | |||
| Information Ratio | (0.02) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Abeona Therapeutics Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Abeona Therapeutics as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Abeona Therapeutics' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Abeona Therapeutics' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Abeona Therapeutics.
When determining whether Abeona Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Abeona Therapeutics' 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 Abeona Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Abeona Therapeutics Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abeona Therapeutics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Abeona Stock, please use our How to Invest in Abeona Therapeutics guide.Note that the Abeona Therapeutics information on this page should be used as a complementary analysis to other Abeona Therapeutics' 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Abeona Stock analysis
When running Abeona Therapeutics' price analysis, check to measure Abeona Therapeutics' 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 Abeona Therapeutics is operating at the current time. Most of Abeona Therapeutics' value examination focuses on studying past and present price action to predict the probability of Abeona Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abeona Therapeutics' price. Additionally, you may evaluate how the addition of Abeona Therapeutics to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is Abeona Therapeutics' 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 Abeona Therapeutics. If investors know Abeona 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 Abeona Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.53) | Revenue Per Share 0.164 | Quarterly Revenue Growth (1.00) | Return On Assets (0.47) | Return On Equity (2.61) |
The market value of Abeona Therapeutics is measured differently than its book value, which is the value of Abeona that is recorded on the company's balance sheet. Investors also form their own opinion of Abeona Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Abeona Therapeutics' 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 Abeona Therapeutics' market value can be influenced by many factors that don't directly affect Abeona Therapeutics' 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 Abeona Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abeona Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abeona Therapeutics' 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.