Allovirinc Stock Market Value
| ALVR Stock | USD 0.76 0.01 1.33% |
| Symbol | AllovirInc |
AllovirInc Price To Book Ratio
Is AllovirInc'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 AllovirInc. If investors know AllovirInc 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 AllovirInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.83) | Return On Assets (0.48) | Return On Equity (1.03) |
The market value of AllovirInc is measured differently than its book value, which is the value of AllovirInc that is recorded on the company's balance sheet. Investors also form their own opinion of AllovirInc's value that differs from its market value or its book value, called intrinsic value, which is AllovirInc'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 AllovirInc's market value can be influenced by many factors that don't directly affect AllovirInc'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 AllovirInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if AllovirInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AllovirInc'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.
AllovirInc '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 AllovirInc'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 AllovirInc.
| 07/27/2023 |
| 04/22/2024 |
If you would invest 0.00 in AllovirInc on July 27, 2023 and sell it all today you would earn a total of 0.00 from holding AllovirInc or generate 0.0% return on investment in AllovirInc over 270 days. AllovirInc is related to or competes with Anebulo Pharmaceuticals, Mineralys Therapeutics, AN2 Therapeutics, Aerovate Therapeutics, Adagene, Stoke Therapeutics, and Black Diamond. Allovir, Inc., a clinical-stage cell therapy company, engages in the research and development of allogeneic, off-the-she... More
AllovirInc 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 AllovirInc'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 AllovirInc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.0358 | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 6.67 |
AllovirInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AllovirInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AllovirInc's standard deviation. In reality, there are many statistical measures that can use AllovirInc historical prices to predict the future AllovirInc's volatility.| Risk Adjusted Performance | 0.0471 | |||
| Jensen Alpha | 0.0892 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0322 | |||
| Treynor Ratio | 0.1461 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AllovirInc'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.
AllovirInc Backtested Returns
AllovirInc appears to be slightly risky, given 3 months investment horizon. AllovirInc secures Sharpe Ratio (or Efficiency) of 0.0732, which signifies that the company had a 0.0732% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for AllovirInc, which you can use to evaluate the volatility of the firm. Please makes use of AllovirInc's Risk Adjusted Performance of 0.0471, downside deviation of 3.38, and Mean Deviation of 2.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AllovirInc holds a performance score of 5. The firm shows a Beta (market volatility) of 1.26, 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, AllovirInc will likely underperform. Please check AllovirInc's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether AllovirInc's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
AllovirInc has below average predictability. Overlapping area represents the amount of predictability between AllovirInc time series from 27th of July 2023 to 9th of December 2023 and 9th of December 2023 to 22nd 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 AllovirInc price movement. The serial correlation of 0.36 indicates that just about 36.0% of current AllovirInc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
AllovirInc lagged returns against current returns
Autocorrelation, which is AllovirInc 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 AllovirInc's stock expected returns. We can calculate the autocorrelation of AllovirInc returns to help us make a trade decision. For example, suppose you find that AllovirInc 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 |
AllovirInc 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 AllovirInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AllovirInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AllovirInc stock over time.
Current vs Lagged Prices |
| Timeline |
AllovirInc Lagged Returns
When evaluating AllovirInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AllovirInc stock have on its future price. AllovirInc 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, AllovirInc autocorrelation shows the relationship between AllovirInc stock current value and its past values and can show if there is a momentum factor associated with investing in AllovirInc.
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 AllovirInc 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, AllovirInc's short interest history, or implied volatility extrapolated from AllovirInc options trading.
Pair Trading with AllovirInc
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 AllovirInc 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 AllovirInc will appreciate offsetting losses from the drop in the long position's value.Moving against AllovirInc Stock
| 0.47 | PCRX | Pacira Pharmaceuticals Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to AllovirInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AllovirInc 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 AllovirInc - 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 AllovirInc to buy it.
The correlation of AllovirInc 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 AllovirInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AllovirInc 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 AllovirInc 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 AllovirInc Correlation, AllovirInc Volatility and AllovirInc Alpha and Beta module to complement your research on AllovirInc. To learn how to invest in AllovirInc Stock, please use our How to Invest in AllovirInc guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for AllovirInc Stock analysis
When running AllovirInc's price analysis, check to measure AllovirInc'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 AllovirInc is operating at the current time. Most of AllovirInc's value examination focuses on studying past and present price action to predict the probability of AllovirInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AllovirInc's price. Additionally, you may evaluate how the addition of AllovirInc to your portfolios can decrease your overall portfolio volatility.
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AllovirInc 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.