Adicet Bio Stock Market Value
| ACET Stock | USD 1.88 0.22 10.48% |
| Symbol | Adicet |
Adicet Bio Price To Book Ratio
Is Adicet 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 Adicet Bio. If investors know Adicet 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 Adicet Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.31) | Quarterly Revenue Growth (1.00) | Return On Assets (0.31) | Return On Equity (0.62) |
The market value of Adicet Bio is measured differently than its book value, which is the value of Adicet that is recorded on the company's balance sheet. Investors also form their own opinion of Adicet Bio's value that differs from its market value or its book value, called intrinsic value, which is Adicet 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 Adicet Bio's market value can be influenced by many factors that don't directly affect Adicet 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 Adicet Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adicet Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adicet 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.
Adicet Bio '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 Adicet Bio'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 Adicet Bio.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Adicet Bio on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding Adicet Bio or generate 0.0% return on investment in Adicet Bio over 660 days. Adicet Bio is related to or competes with Edgewise Therapeutics, Cullinan Oncology, Vor Biopharma, Tenaya Therapeutics, Bicycle Therapeutics, IGM Biosciences, and Monte Rosa. Adicet Bio, Inc., a biotechnology company, discovers and develops allogeneic gamma delta T cell therapies for cancer and... More
Adicet Bio 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 Adicet Bio'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 Adicet Bio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 29.8 | |||
| Value At Risk | (8.89) | |||
| Potential Upside | 5.3 |
Adicet Bio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adicet Bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adicet Bio's standard deviation. In reality, there are many statistical measures that can use Adicet Bio historical prices to predict the future Adicet Bio's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adicet Bio'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.
Adicet Bio Backtested Returns
Adicet Bio secures Sharpe Ratio (or Efficiency) of -0.0313, which signifies that the company had a -0.0313% return per unit of risk over the last 3 months. Adicet Bio exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adicet Bio's Mean Deviation of 3.58, standard deviation of 4.67, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.29, 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, Adicet Bio will likely underperform. Adicet Bio has an expected return of -0.15%. Please make sure to confirm Adicet Bio treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Adicet Bio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Adicet Bio has insignificant predictability. Overlapping area represents the amount of predictability between Adicet Bio time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 to 24th 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 Adicet Bio price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Adicet Bio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Adicet Bio lagged returns against current returns
Autocorrelation, which is Adicet Bio 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 Adicet Bio's stock expected returns. We can calculate the autocorrelation of Adicet Bio returns to help us make a trade decision. For example, suppose you find that Adicet Bio 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 |
Adicet Bio 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 Adicet Bio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adicet Bio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adicet Bio stock over time.
Current vs Lagged Prices |
| Timeline |
Adicet Bio Lagged Returns
When evaluating Adicet Bio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adicet Bio stock have on its future price. Adicet Bio 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, Adicet Bio autocorrelation shows the relationship between Adicet Bio stock current value and its past values and can show if there is a momentum factor associated with investing in Adicet Bio.
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 Adicet Bio 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, Adicet Bio's short interest history, or implied volatility extrapolated from Adicet Bio options trading.
Pair Trading with Adicet Bio
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 Adicet Bio 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 Adicet Bio will appreciate offsetting losses from the drop in the long position's value.Moving against Adicet Stock
| 0.76 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.7 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.7 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.69 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.68 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Adicet Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adicet Bio 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 Adicet Bio - 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 Adicet Bio to buy it.
The correlation of Adicet Bio 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 Adicet Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adicet Bio 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 Adicet Bio 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 Adicet Bio Correlation, Adicet Bio Volatility and Adicet Bio Alpha and Beta module to complement your research on Adicet Bio. For more information on how to buy Adicet Stock please use our How to Invest in Adicet Bio guide.Note that the Adicet Bio information on this page should be used as a complementary analysis to other Adicet 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Adicet Stock analysis
When running Adicet Bio's price analysis, check to measure Adicet 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 Adicet Bio is operating at the current time. Most of Adicet Bio's value examination focuses on studying past and present price action to predict the probability of Adicet 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 Adicet Bio's price. Additionally, you may evaluate how the addition of Adicet Bio to your portfolios can decrease your overall portfolio volatility.
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Adicet 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.