Alvotech Stock Market Value
| ALVO Stock | USD 13.40 0.07 0.53% |
| Symbol | Alvotech |
Alvotech Price To Book Ratio
Is Alvotech'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 Alvotech. If investors know Alvotech 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 Alvotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.43) | Revenue Per Share 0.411 | Quarterly Revenue Growth 1.155 | Return On Assets (0.23) |
The market value of Alvotech is measured differently than its book value, which is the value of Alvotech that is recorded on the company's balance sheet. Investors also form their own opinion of Alvotech's value that differs from its market value or its book value, called intrinsic value, which is Alvotech'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 Alvotech's market value can be influenced by many factors that don't directly affect Alvotech'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 Alvotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alvotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alvotech'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.
Alvotech '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 Alvotech'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 Alvotech.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Alvotech on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Alvotech or generate 0.0% return on investment in Alvotech over 30 days. Alvotech is related to or competes with Intracellular, Catalent, Amphastar, Assertio Therapeutics, ANI Pharmaceuticals, Alkermes Plc, and Dr Reddys. Alvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide More
Alvotech 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 Alvotech'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 Alvotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0272 | |||
| Maximum Drawdown | 26.48 | |||
| Value At Risk | (5.67) | |||
| Potential Upside | 4.1 |
Alvotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alvotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alvotech's standard deviation. In reality, there are many statistical measures that can use Alvotech historical prices to predict the future Alvotech's volatility.| Risk Adjusted Performance | 0.0413 | |||
| Jensen Alpha | 0.124 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0278 | |||
| Treynor Ratio | 0.2929 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alvotech'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.
Alvotech Backtested Returns
Alvotech secures Sharpe Ratio (or Efficiency) of -0.02, which signifies that the company had a -0.02% return per unit of risk over the last 3 months. Alvotech exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alvotech's Risk Adjusted Performance of 0.0413, downside deviation of 3.26, and Mean Deviation of 1.98 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alvotech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alvotech is expected to be smaller as well. Alvotech has an expected return of -0.0571%. Please make sure to confirm Alvotech value at risk, as well as the relationship between the skewness and day median price , to decide if Alvotech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Alvotech has very good reverse predictability. Overlapping area represents the amount of predictability between Alvotech time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 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 Alvotech price movement. The serial correlation of -0.69 indicates that around 69.0% of current Alvotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Alvotech lagged returns against current returns
Autocorrelation, which is Alvotech 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 Alvotech's stock expected returns. We can calculate the autocorrelation of Alvotech returns to help us make a trade decision. For example, suppose you find that Alvotech 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 |
Alvotech 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 Alvotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alvotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alvotech stock over time.
Current vs Lagged Prices |
| Timeline |
Alvotech Lagged Returns
When evaluating Alvotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alvotech stock have on its future price. Alvotech 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, Alvotech autocorrelation shows the relationship between Alvotech stock current value and its past values and can show if there is a momentum factor associated with investing in Alvotech.
Regressed Prices |
| Timeline |
Alvotech Investors Sentiment
The influence of Alvotech's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alvotech. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Alvotech's public news can be used to forecast risks associated with an investment in Alvotech. The trend in average sentiment can be used to explain how an investor holding Alvotech can time the market purely based on public headlines and social activities around Alvotech. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alvotech's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alvotech's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alvotech's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alvotech.
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 Alvotech 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, Alvotech's short interest history, or implied volatility extrapolated from Alvotech options trading.
Check out Alvotech Correlation, Alvotech Volatility and Alvotech Alpha and Beta module to complement your research on Alvotech. To learn how to invest in Alvotech Stock, please use our How to Invest in Alvotech guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running Alvotech's price analysis, check to measure Alvotech'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 Alvotech is operating at the current time. Most of Alvotech's value examination focuses on studying past and present price action to predict the probability of Alvotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alvotech's price. Additionally, you may evaluate how the addition of Alvotech to your portfolios can decrease your overall portfolio volatility.
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Alvotech 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.