Cassava Stock Market Value

SAVA -  USA Stock  

USD 46.56  0.17  0.37%

Cassava Sciences' market value is the price at which a share of Cassava Sciences stock trades on a public exchange. It measures the collective expectations of Cassava Sciences investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Cassava Sciences and determine expected loss or profit from investing in Cassava Sciences over a given investment horizon. Additionally, take a look at Cassava Sciences Hype Analysis, Cassava Sciences Correlation, Cassava Sciences Valuation, Cassava Sciences Volatility, as well as analyze Cassava Sciences Alpha and Beta and Cassava Sciences Performance.
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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 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 Cassava Sciences value 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.
0.00
08/23/2021
No Change 0.00  0.0 
In 2 months and 1 day
10/22/2021
0.00
If you would invest  0.00  in Cassava Sciences on August 23, 2021 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 Biontech, Moderna, and Regeneron Pharmaceuticals. Cassava Sciences, Inc., a clinical stage biotechnology company, develops drugs for neurodegenerative diseases

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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Cassava Sciences in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
42.0351.4660.89
Details
Intrinsic
Valuation
LowReal ValueHigh
35.2744.7054.13
Details
Naive
Forecast
LowNext ValueHigh
17.1126.5435.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
44.9148.0651.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cassava Sciences. Your research has to be compared to or analyzed against Cassava Sciences' peers to derive any actionable benefits. When done correctly, Cassava Sciences' 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 Cassava Sciences.

Cassava Sciences Backtested Returns

Cassava Sciences secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had -0.11% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Cassava Sciences exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cassava Sciences risk adjusted performance of (0.06), and Mean Deviation of 6.82 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.3525, which signifies a somewhat significant risk relative to the market. Let's try to break down what Cassava'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, Cassava Sciences will likely underperform. Even though it is essential to pay attention to Cassava Sciences historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Cassava Sciences exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Cassava Sciences has an expected return of -1.0%. Please be advised to confirm Cassava Sciences skewness, and the relationship between the potential upside and rate of daily change to decide if Cassava Sciences performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.32   

Below average predictability

Cassava Sciences has below average predictability. Overlapping area represents the amount of predictability between Cassava Sciences time series from 23rd of August 2021 to 22nd of September 2021 and 22nd of September 2021 to 22nd of October 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 Cassava Sciences price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Cassava Sciences price fluctuation can be explain by its past prices.
Correlation Coefficient0.32
Spearman Rank Test0.63
Residual Average0.0
Price Variance36.46

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 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 

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 
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      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 
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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 Cassava Sciences 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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Additionally, take a look at Cassava Sciences Hype Analysis, Cassava Sciences Correlation, Cassava Sciences Valuation, Cassava Sciences Volatility, as well as analyze Cassava Sciences Alpha and Beta and Cassava Sciences Performance. Note that the Cassava Sciences information on this page should be used as a complementary analysis to other Cassava Sciences' 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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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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 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.
A focus of Cassava Sciences technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cassava Sciences 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...