Atossa Genetics Stock Market Value
| ATOS Stock | USD 1.37 0.05 3.52% |
| Symbol | Atossa |
Atossa Genetics Price To Book Ratio
Is Atossa Genetics' 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 Atossa Genetics. If investors know Atossa 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 Atossa Genetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Return On Assets (0.18) | Return On Equity (0.29) |
The market value of Atossa Genetics is measured differently than its book value, which is the value of Atossa that is recorded on the company's balance sheet. Investors also form their own opinion of Atossa Genetics' value that differs from its market value or its book value, called intrinsic value, which is Atossa Genetics' 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 Atossa Genetics' market value can be influenced by many factors that don't directly affect Atossa Genetics' 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 Atossa Genetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Atossa Genetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atossa Genetics' 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.
Atossa Genetics '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 Atossa Genetics' 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 Atossa Genetics.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Atossa Genetics on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Atossa Genetics or generate 0.0% return on investment in Atossa Genetics over 300 days. Atossa Genetics is related to or competes with HealthStream, National Research, HealthEquity, Health Catalyst, and Definitive Healthcare. Atossa Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery and development of medic... More
Atossa Genetics 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 Atossa Genetics' 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 Atossa Genetics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.12 | |||
| Information Ratio | 0.1478 | |||
| Maximum Drawdown | 32.49 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 11.11 |
Atossa Genetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atossa Genetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atossa Genetics' standard deviation. In reality, there are many statistical measures that can use Atossa Genetics historical prices to predict the future Atossa Genetics' volatility.| Risk Adjusted Performance | 0.1084 | |||
| Jensen Alpha | 0.7803 | |||
| Total Risk Alpha | 0.2182 | |||
| Sortino Ratio | 0.1672 | |||
| Treynor Ratio | 0.4632 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atossa Genetics' 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.
Atossa Genetics Backtested Returns
Atossa Genetics is dangerous given 3 months investment horizon. Atossa Genetics secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.02% are justified by taking the suggested risk. Use Atossa Genetics Risk Adjusted Performance of 0.1084, mean deviation of 4.27, and Downside Deviation of 5.12 to evaluate company specific risk that cannot be diversified away. Atossa Genetics holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.01, 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, Atossa Genetics will likely underperform. Use Atossa Genetics daily balance of power, price action indicator, as well as the relationship between the semi variance and treynor ratio , to analyze future returns on Atossa Genetics.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Atossa Genetics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Atossa Genetics time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd 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 Atossa Genetics price movement. The serial correlation of -0.72 indicates that around 72.0% of current Atossa Genetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Atossa Genetics lagged returns against current returns
Autocorrelation, which is Atossa Genetics 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 Atossa Genetics' stock expected returns. We can calculate the autocorrelation of Atossa Genetics returns to help us make a trade decision. For example, suppose you find that Atossa Genetics 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 |
Atossa Genetics 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 Atossa Genetics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atossa Genetics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atossa Genetics stock over time.
Current vs Lagged Prices |
| Timeline |
Atossa Genetics Lagged Returns
When evaluating Atossa Genetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atossa Genetics stock have on its future price. Atossa Genetics 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, Atossa Genetics autocorrelation shows the relationship between Atossa Genetics stock current value and its past values and can show if there is a momentum factor associated with investing in Atossa Genetics.
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 Atossa Genetics 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, Atossa Genetics' short interest history, or implied volatility extrapolated from Atossa Genetics options trading.
Pair Trading with Atossa Genetics
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 Atossa Genetics 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 Atossa Genetics will appreciate offsetting losses from the drop in the long position's value.Moving against Atossa Stock
| 0.85 | SRDX | SurModics Financial Report 24th of April 2024 | PairCorr |
| 0.82 | SIBN | Si Bone Financial Report 6th of May 2024 | PairCorr |
| 0.81 | SINT | SINTX Technologies | PairCorr |
| 0.79 | HCAT | Health Catalyst Financial Report 14th of May 2024 | PairCorr |
| 0.74 | TNON | Tenon Medical | PairCorr |
The ability to find closely correlated positions to Atossa Genetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atossa Genetics 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 Atossa Genetics - 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 Atossa Genetics to buy it.
The correlation of Atossa Genetics 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 Atossa Genetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atossa Genetics 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 Atossa Genetics 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 Atossa Genetics Correlation, Atossa Genetics Volatility and Atossa Genetics Alpha and Beta module to complement your research on Atossa Genetics. For more information on how to buy Atossa Stock please use our How to Invest in Atossa Genetics guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Atossa Stock analysis
When running Atossa Genetics' price analysis, check to measure Atossa Genetics' 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 Atossa Genetics is operating at the current time. Most of Atossa Genetics' value examination focuses on studying past and present price action to predict the probability of Atossa Genetics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atossa Genetics' price. Additionally, you may evaluate how the addition of Atossa Genetics to your portfolios can decrease your overall portfolio volatility.
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Atossa Genetics 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.