Cassava Sciences Stock Market Value
| SAVA Stock | USD 19.64 1.55 7.31% |
| Symbol | Cassava |
Cassava Sciences Price To Book Ratio
Is Cassava 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 Cassava Sciences. If investors know Cassava 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 Cassava 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 (2.32) | Return On Assets (0.34) | Return On Equity (0.53) |
The market value of Cassava Sciences is measured differently than its book value, which is the value of Cassava that is recorded on the company's balance sheet. Investors also form their own opinion of Cassava Sciences' value that differs from its market value or its book value, called intrinsic value, which is Cassava 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 Cassava Sciences' market value can be influenced by many factors that don't directly affect Cassava 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 Cassava Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cassava Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cassava 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.
Cassava 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 Cassava 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 Cassava Sciences.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Cassava Sciences on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Cassava Sciences or generate 0.0% return on investment in Cassava Sciences over 60 days. Cassava Sciences is related to or competes with Alkermes Plc, Ironwood Pharmaceuticals, Deciphera Pharmaceuticals, Eagle Pharmaceuticals, Neurocrine Biosciences, and Dynavax Technologies. Cassava Sciences, Inc., a clinical stage biotechnology company, develops drugs for neurodegenerative diseases More
Cassava 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 Cassava 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 Cassava Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 25.72 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 7.35 |
Cassava Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cassava Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cassava Sciences' standard deviation. In reality, there are many statistical measures that can use Cassava Sciences historical prices to predict the future Cassava Sciences' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cassava 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.
Cassava Sciences Backtested Returns
Cassava Sciences secures Sharpe Ratio (or Efficiency) of -0.0569, which signifies that the company had a -0.0569% return per unit of risk over the last 3 months. Cassava Sciences exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cassava Sciences' Mean Deviation of 2.9, risk adjusted performance of (0.02), and Standard Deviation of 4.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.09, 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, Cassava Sciences will likely underperform. Cassava Sciences has an expected return of -0.25%. Please make sure to confirm Cassava Sciences maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Cassava Sciences performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Cassava Sciences has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cassava Sciences time series from 19th of February 2024 to 20th of March 2024 and 20th of March 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 Cassava Sciences price movement. The serial correlation of -0.73 indicates that around 73.0% of current Cassava Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 3.46 |
Cassava Sciences lagged returns against current returns
Autocorrelation, which is Cassava 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 Cassava Sciences' stock expected returns. We can calculate the autocorrelation of Cassava Sciences returns to help us make a trade decision. For example, suppose you find that Cassava 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 |
Cassava 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 Cassava Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cassava Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cassava Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Cassava Sciences Lagged Returns
When evaluating Cassava Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cassava Sciences stock have on its future price. Cassava 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, Cassava Sciences autocorrelation shows the relationship between Cassava Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Cassava Sciences.
Regressed Prices |
| Timeline |
Cassava Sciences Investors Sentiment
The influence of Cassava 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 Cassava. 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 Cassava Sciences' public news can be used to forecast risks associated with an investment in Cassava. The trend in average sentiment can be used to explain how an investor holding Cassava can time the market purely based on public headlines and social activities around Cassava Sciences. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cassava 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 Cassava 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 Cassava Sciences' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cassava Sciences.
Cassava Sciences Implied Volatility | 111.55 |
Cassava Sciences' implied volatility exposes the market's sentiment of Cassava Sciences stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cassava 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 Cassava Sciences stock will not fluctuate a lot when Cassava 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 Cassava 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, Cassava Sciences' short interest history, or implied volatility extrapolated from Cassava Sciences options trading.
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When determining whether Cassava Sciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cassava Sciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cassava Sciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cassava Sciences Stock:Check out Cassava Sciences Correlation, Cassava Sciences Volatility and Cassava Sciences Alpha and Beta module to complement your research on Cassava Sciences. For information on how to trade Cassava Stock refer to our How to Trade Cassava Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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When running Cassava Sciences' price analysis, check to measure Cassava 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 Cassava Sciences is operating at the current time. Most of Cassava Sciences' value examination focuses on studying past and present price action to predict the probability of Cassava Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cassava Sciences' price. Additionally, you may evaluate how the addition of Cassava Sciences to your portfolios can decrease your overall portfolio volatility.
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Cassava 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.