Aadi Bioscience Stock Market Value
| AADI Stock | USD 1.78 0.06 3.26% |
| Symbol | Aadi |
Aadi Bioscience Price To Book Ratio
Is Aadi Bioscience'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 Aadi Bioscience. If investors know Aadi 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 Aadi Bioscience listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.44) | Revenue Per Share 0.905 | Quarterly Revenue Growth 0.21 | Return On Assets (0.28) | Return On Equity (0.50) |
The market value of Aadi Bioscience is measured differently than its book value, which is the value of Aadi that is recorded on the company's balance sheet. Investors also form their own opinion of Aadi Bioscience's value that differs from its market value or its book value, called intrinsic value, which is Aadi Bioscience'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 Aadi Bioscience's market value can be influenced by many factors that don't directly affect Aadi Bioscience'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 Aadi Bioscience's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aadi Bioscience is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aadi Bioscience'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.
Aadi Bioscience '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 Aadi Bioscience's 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 Aadi Bioscience.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Aadi Bioscience on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Aadi Bioscience or generate 0.0% return on investment in Aadi Bioscience over 720 days. Aadi Bioscience is related to or competes with Terns Pharmaceuticals, Amylyx Pharmaceuticals, Acumen Pharmaceuticals, and Inozyme PharmaInc. Aadi Bioscience, Inc., a clinical-stage biopharmaceutical company, engages in developing and commercializing precision t... More
Aadi Bioscience 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 Aadi Bioscience's 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 Aadi Bioscience upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.0242 | |||
| Maximum Drawdown | 40.61 | |||
| Value At Risk | (5.79) | |||
| Potential Upside | 6.74 |
Aadi Bioscience Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aadi Bioscience's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aadi Bioscience's standard deviation. In reality, there are many statistical measures that can use Aadi Bioscience historical prices to predict the future Aadi Bioscience's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.044 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0288 | |||
| Treynor Ratio | 0.0992 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aadi Bioscience's 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.
Aadi Bioscience Backtested Returns
Aadi Bioscience appears to be slightly risky, given 3 months investment horizon. Aadi Bioscience secures Sharpe Ratio (or Efficiency) of 0.0441, which signifies that the company had a 0.0441% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aadi Bioscience, which you can use to evaluate the volatility of the firm. Please makes use of Aadi Bioscience's mean deviation of 3.34, and Risk Adjusted Performance of 0.0345 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aadi Bioscience holds a performance score of 3. The firm shows a Beta (market volatility) of 2.06, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aadi Bioscience will likely underperform. Please check Aadi Bioscience's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Aadi Bioscience's price patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Aadi Bioscience has good predictability. Overlapping area represents the amount of predictability between Aadi Bioscience time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Aadi Bioscience price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Aadi Bioscience price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 4.73 |
Aadi Bioscience lagged returns against current returns
Autocorrelation, which is Aadi Bioscience 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 Aadi Bioscience's stock expected returns. We can calculate the autocorrelation of Aadi Bioscience returns to help us make a trade decision. For example, suppose you find that Aadi Bioscience 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 |
Aadi Bioscience 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 Aadi Bioscience stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aadi Bioscience stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aadi Bioscience stock over time.
Current vs Lagged Prices |
| Timeline |
Aadi Bioscience Lagged Returns
When evaluating Aadi Bioscience's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aadi Bioscience stock have on its future price. Aadi Bioscience 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, Aadi Bioscience autocorrelation shows the relationship between Aadi Bioscience stock current value and its past values and can show if there is a momentum factor associated with investing in Aadi Bioscience.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aadi Bioscience in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aadi Bioscience's short interest history, or implied volatility extrapolated from Aadi Bioscience options trading.
Pair Trading with Aadi Bioscience
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 Aadi Bioscience 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 Aadi Bioscience will appreciate offsetting losses from the drop in the long position's value.Moving together with Aadi Stock
| 0.79 | VKTX | Viking Therapeutics Potential Growth | PairCorr |
| 0.78 | ELEV | Elevation Oncology Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Aadi Bioscience could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aadi Bioscience 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 Aadi Bioscience - 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 Aadi Bioscience to buy it.
The correlation of Aadi Bioscience 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 Aadi Bioscience moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aadi Bioscience 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 Aadi Bioscience 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 Aadi Bioscience Correlation, Aadi Bioscience Volatility and Aadi Bioscience Alpha and Beta module to complement your research on Aadi Bioscience. For more detail on how to invest in Aadi Stock please use our How to Invest in Aadi Bioscience guide.Note that the Aadi Bioscience information on this page should be used as a complementary analysis to other Aadi Bioscience'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 Positions Ratings module to 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.
Complementary Tools for Aadi Stock analysis
When running Aadi Bioscience's price analysis, check to measure Aadi Bioscience'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 Aadi Bioscience is operating at the current time. Most of Aadi Bioscience's value examination focuses on studying past and present price action to predict the probability of Aadi Bioscience's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aadi Bioscience's price. Additionally, you may evaluate how the addition of Aadi Bioscience to your portfolios can decrease your overall portfolio volatility.
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Aadi Bioscience 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.