Roivant Sciences Stock Market Value
| ROIV Stock | USD 10.36 0.08 0.77% |
| Symbol | Roivant |
Roivant Sciences Price To Book Ratio
Is Roivant Sciences' 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 Roivant Sciences. If investors know Roivant 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 Roivant Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 5.27 | Revenue Per Share 0.16 | Quarterly Revenue Growth 1.178 | Return On Assets (0.14) | Return On Equity 1.058 |
The market value of Roivant Sciences is measured differently than its book value, which is the value of Roivant that is recorded on the company's balance sheet. Investors also form their own opinion of Roivant Sciences' value that differs from its market value or its book value, called intrinsic value, which is Roivant Sciences' 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 Roivant Sciences' market value can be influenced by many factors that don't directly affect Roivant Sciences' 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 Roivant Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Roivant Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roivant Sciences' 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.
Roivant Sciences '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 Roivant Sciences' 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 Roivant Sciences.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Roivant Sciences on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Roivant Sciences or generate 0.0% return on investment in Roivant Sciences over 30 days. Roivant Sciences is related to or competes with Krystal Biotech, Akero Therapeutics, Apellis Pharmaceuticals, Day One, Phathom Pharmaceuticals, Blueprint Medicines, and Lyra TherapeuticsInc. Roivant Sciences Ltd., a biopharmaceutical and healthcare technology company that researches and develops medicines More
Roivant Sciences 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 Roivant Sciences' 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 Roivant Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.31 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 4.7 |
Roivant Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roivant Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roivant Sciences' standard deviation. In reality, there are many statistical measures that can use Roivant Sciences historical prices to predict the future Roivant Sciences' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roivant Sciences' 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.
Roivant Sciences Backtested Returns
We consider Roivant Sciences not too volatile. Roivant Sciences maintains Sharpe Ratio (i.e., Efficiency) of 0.0116, which implies the firm had a 0.0116% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Roivant Sciences, which you can use to evaluate the volatility of the company. Please check Roivant Sciences' Risk Adjusted Performance of (0.01), coefficient of variation of (4,716), and Variance of 4.96 to confirm if the risk estimate we provide is consistent with the expected return of 0.0262%. The company holds a Beta of 1.18, which implies 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, Roivant Sciences will likely underperform. Roivant Sciences right now holds a risk of 2.25%. Please check Roivant Sciences jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Roivant Sciences will be following its historical price patterns.
Auto-correlation | -0.86 |
Excellent reverse predictability
Roivant Sciences has excellent reverse predictability. Overlapping area represents the amount of predictability between Roivant Sciences time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Roivant Sciences price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Roivant Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Roivant Sciences lagged returns against current returns
Autocorrelation, which is Roivant Sciences 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 Roivant Sciences' stock expected returns. We can calculate the autocorrelation of Roivant Sciences returns to help us make a trade decision. For example, suppose you find that Roivant Sciences 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 |
Roivant Sciences 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 Roivant Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roivant Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roivant Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Roivant Sciences Lagged Returns
When evaluating Roivant Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roivant Sciences stock have on its future price. Roivant Sciences 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, Roivant Sciences autocorrelation shows the relationship between Roivant Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Roivant Sciences.
Regressed Prices |
| Timeline |
Roivant Sciences Investors Sentiment
The influence of Roivant Sciences' 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 Roivant. 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 Roivant Sciences' public news can be used to forecast risks associated with an investment in Roivant. The trend in average sentiment can be used to explain how an investor holding Roivant can time the market purely based on public headlines and social activities around Roivant Sciences. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Roivant Sciences' 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 Roivant Sciences' 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 Roivant Sciences' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Roivant Sciences.
Roivant Sciences Implied Volatility | 108.02 |
Roivant Sciences' implied volatility exposes the market's sentiment of Roivant Sciences stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Roivant Sciences' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Roivant Sciences stock will not fluctuate a lot when Roivant Sciences' options are near their expiration.
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 Roivant Sciences 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, Roivant Sciences' short interest history, or implied volatility extrapolated from Roivant Sciences options trading.
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When determining whether Roivant Sciences is a strong investment it is important to analyze Roivant Sciences' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Roivant Sciences' future performance. For an informed investment choice regarding Roivant Stock, refer to the following important reports:Check out Roivant Sciences Correlation, Roivant Sciences Volatility and Roivant Sciences Alpha and Beta module to complement your research on Roivant Sciences. For more information on how to buy Roivant Stock please use our How to Invest in Roivant Sciences guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Roivant Sciences' price analysis, check to measure Roivant Sciences' 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 Roivant Sciences is operating at the current time. Most of Roivant Sciences' value examination focuses on studying past and present price action to predict the probability of Roivant Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roivant Sciences' price. Additionally, you may evaluate how the addition of Roivant Sciences to your portfolios can decrease your overall portfolio volatility.
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Roivant Sciences 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.