Allovir Stock Market Value

ALVR
 Stock
  

USD 8.71  0.05  0.57%   

Allovir's market value is the price at which a share of Allovir stock trades on a public exchange. It measures the collective expectations of Allovir investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Allovir and determine expected loss or profit from investing in Allovir over a given investment horizon. Please continue to Allovir Correlation, Allovir Volatility and Allovir Alpha and Beta module to complement your research on Allovir.
Symbol


Is Allovir'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 Allovir. If investors know Allovir 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 Allovir listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Allovir is measured differently than its book value, which is the value of Allovir that is recorded on the company's balance sheet. Investors also form their own opinion of Allovir's value that differs from its market value or its book value, called intrinsic value, which is Allovir'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 Allovir's market value can be influenced by many factors that don't directly affect Allovir'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 Allovir's value and its price as these two are different measures arrived at by different means. Investors typically determine Allovir value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allovir'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.

Allovir '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 Allovir'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 Allovir.
0.00
10/15/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
10/05/2022
0.00
If you would invest  0.00  in Allovir on October 15, 2020 and sell it all today you would earn a total of 0.00 from holding Allovir or generate 0.0% return on investment in Allovir over 720 days. Allovir is related to or competes with Nongfu Spring, Pepsico, Oatly Group, Coca Cola, Uni-President China, Ito En, and Britvic Plc. Allovir, Inc., a clinical-stage cell therapy company, engages in the research and development of allogeneic, off-the-she... More

Allovir 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 Allovir'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 Allovir upside and downside potential and time the market with a certain degree of confidence.

Allovir Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Allovir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allovir's standard deviation. In reality, there are many statistical measures that can use Allovir historical prices to predict the future Allovir's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Allovir'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 Allovir in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
2.2610.3218.38
Details
Intrinsic
Valuation
LowReal ValueHigh
7.8417.0725.13
Details
4 Analysts
Consensus
LowTarget PriceHigh
32.0042.7555.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allovir. Your research has to be compared to or analyzed against Allovir's peers to derive any actionable benefits. When done correctly, Allovir's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Allovir.

Allovir Backtested Returns

Allovir is slightly risky given 3 months investment horizon. Allovir secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had 0.15% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of a stock is to use both market data as well as company specific technical data. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.2% are justified by taking the suggested risk. Use Allovir Risk Adjusted Performance of 0.2321, mean deviation of 6.21, and Downside Deviation of 6.55 to evaluate company specific risk that cannot be diversified away.
Allovir holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.4261, which signifies a somewhat significant risk relative to the market. Let's try to break down what Allovir's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Allovir will likely underperform. Although it is vital to follow Allovir historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. Our philosophy towards foreseeing future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Allovir expected return of 1.2 will be sustainable into the future, we have found twenty-eight different technical indicators, which can help you to check if the expected returns are sustainable. Use Allovir treynor ratio, as well as the relationship between the expected short fall and day median price to analyze future returns on Allovir.

Auto-correlation

    
  0.46  

Average predictability

Allovir has average predictability. Overlapping area represents the amount of predictability between Allovir time series from 15th of October 2020 to 10th of October 2021 and 10th of October 2021 to 5th of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Allovir price movement. The serial correlation of 0.46 indicates that about 46.0% of current Allovir price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.53
Residual Average0.0
Price Variance37.92

Allovir lagged returns against current returns

Autocorrelation, which is Allovir 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 Allovir's stock expected returns. We can calculate the autocorrelation of Allovir returns to help us make a trade decision. For example, suppose you find that Allovir 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   
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Allovir 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 Allovir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allovir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allovir stock over time.
   Current vs Lagged Prices   
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       Timeline  

Allovir Lagged Returns

When evaluating Allovir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allovir stock have on its future price. Allovir 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, Allovir autocorrelation shows the relationship between Allovir stock current value and its past values and can show if there is a momentum factor associated with investing in Allovir.
   Regressed Prices   
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       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 Allovir 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, Allovir's short interest history, or implied volatility extrapolated from Allovir options trading.

Pair Trading with Allovir

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 Allovir 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 Allovir will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Allovir could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allovir 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 Allovir - 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 Allovir to buy it.
The correlation of Allovir 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 Allovir moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allovir 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 Allovir 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.
Pair CorrelationCorrelation Matching
Please continue to Allovir Correlation, Allovir Volatility and Allovir Alpha and Beta module to complement your research on Allovir. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for analysis

When running Allovir price analysis, check to measure Allovir'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 Allovir is operating at the current time. Most of Allovir's value examination focuses on studying past and present price action to predict the probability of Allovir's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Allovir's price. Additionally, you may evaluate how the addition of Allovir to your portfolios can decrease your overall portfolio volatility.
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Allovir 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.
A focus of Allovir technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allovir trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...