Atea Pharmaceuticals Stock Market Value

AVIR -  USA Stock  

USD 31.57  3.12  10.97%

Atea Pharmaceuticals' market value is the price at which a share of Atea Pharmaceuticals stock trades on a public exchange. It measures the collective expectations of Atea Pharmaceuticals investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Atea Pharmaceuticals and determine expected loss or profit from investing in Atea Pharmaceuticals over a given investment horizon. Please continue to Atea Pharmaceuticals Hype Analysis, Atea Pharmaceuticals Correlation, Atea Pharmaceuticals Valuation, Atea Pharmaceuticals Volatility, as well as analyze Atea Pharmaceuticals Alpha and Beta and Atea Pharmaceuticals Performance.
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The market value of Atea Pharmaceuticals is measured differently than its book value, which is the value of Atea Pharmaceuticals that is recorded on the company's balance sheet. Investors also form their own opinion of Atea Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Atea Pharmaceuticals' 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 Atea Pharmaceuticals' market value can be influenced by many factors that don't directly affect Atea Pharmaceuticals underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atea Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine Atea Pharmaceuticals value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atea Pharmaceuticals' 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.

Atea Pharmaceuticals '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 Atea Pharmaceuticals' 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 Atea Pharmaceuticals.
0.00
07/31/2020
No Change 0.00  0.0 
In 1 year 1 month and 24 days
09/24/2021
0.00
If you would invest  0.00  in Atea Pharmaceuticals on July 31, 2020 and sell it all today you would earn a total of 0.00 from holding Atea Pharmaceuticals or generate 0.0% return on investment in Atea Pharmaceuticals over 420 days. Atea Pharmaceuticals is related to or competes with Equillium, Diamedica Therapeutics, Denali Therapeutics, Dicerna Pharmaceutic, Design Therapeutics, Precision Biosciences, and Dynavax Technologies. Atea Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focused on discovering, developing, and commerci...

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

Atea Pharmaceuticals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Atea Pharmaceuticals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atea Pharmaceuticals' standard deviation. In reality, there are many statistical measures that can use Atea Pharmaceuticals historical prices to predict the future Atea Pharmaceuticals' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Atea Pharmaceuticals' 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 Atea Pharmaceuticals in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
25.1930.0734.95
Details
Intrinsic
Valuation
LowReal ValueHigh
28.4137.6842.56
Details
Naive
Forecast
LowNext ValueHigh
27.7532.6337.51
Details
5 Analysts
Consensus
LowTarget PriceHigh
37.0051.0060.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Atea Pharmaceuticals. Your research has to be compared to or analyzed against Atea Pharmaceuticals' peers to derive any actionable benefits. When done correctly, Atea Pharmaceuticals' 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 Atea Pharmaceuticals.

Atea Pharmaceuticals Backtested Returns

Atea Pharmaceuticals appears to be not too volatile, given 1 month investment horizon. Atea Pharmaceuticals secures Sharpe Ratio (or Efficiency) of 0.0548, which signifies that the company had 0.0548% of return per unit of standard deviation over the last month. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Atea Pharmaceuticals, which you can use to evaluate the future volatility of the firm. Please makes use of Atea Pharmaceuticals' risk adjusted performance of 0.069, and Mean Deviation of 3.64 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Atea Pharmaceuticals holds a performance score of 4. The firm shows a Beta (market volatility) of 1.2746, which signifies a somewhat significant risk relative to the market. Let's try to break down what Atea Pharmaceuticals'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, Atea Pharmaceuticals will likely underperform. Although it is vital to follow Atea Pharmaceuticals historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Atea Pharmaceuticals technical indicators, you can presently evaluate if the expected return of 0.27% will be sustainable into the future. Please makes use of Atea Pharmaceuticals maximum drawdown, and the relationship between the information ratio and expected short fall to make a quick decision on whether Atea Pharmaceuticals price patterns will revert.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.77)   

Almost perfect reverse predictability

Atea Pharmaceuticals has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Atea Pharmaceuticals time series from 31st of July 2020 to 26th of February 2021 and 26th of February 2021 to 24th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Atea Pharmaceuticals price movement. The serial correlation of -0.77 indicates that around 77.0% of current Atea Pharmaceuticals price fluctuation can be explain by its past prices. Given that Atea Pharmaceuticals has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Atea Pharmaceuticals for similar time interval.
Correlation Coefficient-0.77
Spearman Rank Test-0.87
Residual Average0.0
Price Variance423.43

Atea Pharmaceuticals lagged returns against current returns

Autocorrelation, which is Atea Pharmaceuticals 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 Atea Pharmaceuticals' stock expected returns. We can calculate the autocorrelation of Atea Pharmaceuticals returns to help us make a trade decision. For example, suppose you find that Atea Pharmaceuticals 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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      Timeline 

Atea Pharmaceuticals 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 Atea Pharmaceuticals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atea Pharmaceuticals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atea Pharmaceuticals stock over time.
 Current vs Lagged Prices 
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      Timeline 

Atea Pharmaceuticals Lagged Returns

When evaluating Atea Pharmaceuticals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atea Pharmaceuticals stock have on its future price. Atea Pharmaceuticals 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, Atea Pharmaceuticals autocorrelation shows the relationship between Atea Pharmaceuticals stock current value and its past values and can show if there is a momentum factor associated with investing in Atea Pharmaceuticals.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atea Pharmaceuticals without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Atea Pharmaceuticals

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 Atea Pharmaceuticals 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 Atea Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.

Atea Pharmaceuticals Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Atea Pharmaceuticals and Equillium. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to Atea Pharmaceuticals Hype Analysis, Atea Pharmaceuticals Correlation, Atea Pharmaceuticals Valuation, Atea Pharmaceuticals Volatility, as well as analyze Atea Pharmaceuticals Alpha and Beta and Atea Pharmaceuticals Performance. Note that the Atea Pharmaceuticals information on this page should be used as a complementary analysis to other Atea Pharmaceuticals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Atea Pharmaceuticals Stock analysis

When running Atea Pharmaceuticals price analysis, check to measure Atea Pharmaceuticals' 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 Atea Pharmaceuticals is operating at the current time. Most of Atea Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Atea Pharmaceuticals' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atea Pharmaceuticals' price. Additionally, you may evaluate how the addition of Atea Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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Atea Pharmaceuticals 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 Atea Pharmaceuticals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Atea Pharmaceuticals 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...