Aditxt Inc Stock Market Value
| ADTX Stock | USD 3.55 0.08 2.20% |
| Symbol | Aditxt |
Aditxt Inc Valuation
Is Aditxt'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 Aditxt. If investors know Aditxt 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 Aditxt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.00) | Revenue Per Share 5.194 | Quarterly Revenue Growth (0.61) | Return On Assets (1.18) | Return On Equity (6.99) |
The market value of Aditxt Inc is measured differently than its book value, which is the value of Aditxt that is recorded on the company's balance sheet. Investors also form their own opinion of Aditxt's value that differs from its market value or its book value, called intrinsic value, which is Aditxt'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 Aditxt's market value can be influenced by many factors that don't directly affect Aditxt'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 Aditxt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aditxt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aditxt'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.
Aditxt '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 Aditxt'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 Aditxt.
| 10/29/2023 |
| 11/28/2023 |
If you would invest 0.00 in Aditxt on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Aditxt Inc or generate 0.0% return on investment in Aditxt over 30 days. Aditxt is related to or competes with Southwest Airlines, United Airlines, SkyWest, Encore Wire, Quanex Building, Algoma Steel, and Azul SA. Aditxt, Inc., a biotech company, develops technologies focuses on improving the health of the immune system through immu... More
Aditxt 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 Aditxt'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 Aditxt Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.09 | |||
| Information Ratio | 0.0546 | |||
| Maximum Drawdown | 486.02 | |||
| Value At Risk | (15.26) | |||
| Potential Upside | 12.64 |
Aditxt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aditxt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aditxt's standard deviation. In reality, there are many statistical measures that can use Aditxt historical prices to predict the future Aditxt's volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 3.23 | |||
| Total Risk Alpha | 1.92 | |||
| Sortino Ratio | 0.3465 | |||
| Treynor Ratio | (0.86) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Aditxt'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. Please use the tools below to analyze the current value of Aditxt in the context of predictive analytics.
Aditxt Inc Backtested Returns
Aditxt is out of control given 3 months investment horizon. Aditxt Inc secures Sharpe Ratio (or Efficiency) of 0.0561, which signifies that the company had 0.0561% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use Aditxt Inc market data together with company specific technical indicators. We were able to interpolate and analyze data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 3.34% are justified by taking the suggested risk. Use Aditxt Risk Adjusted Performance of 0.0527, downside deviation of 9.09, and Mean Deviation of 15.1 to evaluate company specific risk that cannot be diversified away. Aditxt holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.6976, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Aditxt are expected to decrease by larger amounts. On the other hand, during market turmoil, Aditxt is expected to outperform it. To evaluate if Aditxt Inc expected return of 3.34 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable. Use Aditxt semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to analyze future returns on Aditxt.
Auto-correlation | 0.59 |
Modest predictability
Aditxt Inc has modest predictability. Overlapping area represents the amount of predictability between Aditxt time series from 29th of October 2023 to 13th of November 2023 and 13th of November 2023 to 28th of November 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aditxt Inc price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Aditxt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Aditxt Inc lagged returns against current returns
Autocorrelation, which is Aditxt 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 Aditxt's stock expected returns. We can calculate the autocorrelation of Aditxt returns to help us make a trade decision. For example, suppose you find that Aditxt stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aditxt 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 Aditxt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aditxt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aditxt stock over time.
Current vs Lagged Prices |
| Timeline |
Aditxt Lagged Returns
When evaluating Aditxt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aditxt stock have on its future price. Aditxt 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, Aditxt autocorrelation shows the relationship between Aditxt stock current value and its past values and can show if there is a momentum factor associated with investing in Aditxt Inc.
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 Aditxt 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, Aditxt's short interest history, or implied volatility extrapolated from Aditxt options trading.
Pair Trading with Aditxt
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 Aditxt 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 Aditxt will appreciate offsetting losses from the drop in the long position's value.Moving together with Aditxt Stock
| + | 0.68 | EQ | Equillium | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.68 | YS | YS Biopharma | PairCorr | ||
| + | 0.65 | DMAC | DiaMedica Therapeutics | Fiscal Quarter End 31st of December 2023 | PairCorr |
Moving against Aditxt Stock
| - | 0.64 | KA | Kineta Inc | Symbol Change | PairCorr | |
| - | 0.55 | DNTH | Dianthus Therapeutics | Symbol Change | PairCorr | |
| - | 0.45 | VANI | Vivani Medical | Fiscal Quarter End 31st of December 2023 | PairCorr |
The ability to find closely correlated positions to Aditxt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aditxt 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 Aditxt - 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 Aditxt Inc to buy it.
The correlation of Aditxt is a statistical measure of how it moves in relation to other equities. 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 Aditxt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aditxt Inc 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 Aditxt 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 Aditxt Correlation, Aditxt Volatility and Aditxt Alpha and Beta module to complement your research on Aditxt. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Aditxt Stock analysis
When running Aditxt's price analysis, check to measure Aditxt'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 Aditxt is operating at the current time. Most of Aditxt's value examination focuses on studying past and present price action to predict the probability of Aditxt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aditxt's price. Additionally, you may evaluate how the addition of Aditxt to your portfolios can decrease your overall portfolio volatility.
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Aditxt 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.