Alumis Common Stock Stock Market Value
| ALMS Stock | 8.37 0.45 5.10% |
| Symbol | Alumis |
Alumis Common Stock Company Valuation
Is Biotechnology space 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 Alumis Common. If investors know Alumis 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 Alumis Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.48) |
The market value of Alumis Common Stock is measured differently than its book value, which is the value of Alumis that is recorded on the company's balance sheet. Investors also form their own opinion of Alumis Common's value that differs from its market value or its book value, called intrinsic value, which is Alumis Common's 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 Alumis Common's market value can be influenced by many factors that don't directly affect Alumis Common's 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 Alumis Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alumis Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alumis Common's 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.
Alumis Common '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 Alumis Common's 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 Alumis Common.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Alumis Common on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Alumis Common Stock or generate 0.0% return on investment in Alumis Common over 60 days. Alumis Common is related to or competes with FTAI Aviation, United Rentals, Willscot Mobile, Triton International, Global Ship, East Africa, and Agnico Eagle. Alumis Common is entity of United States More
Alumis Common 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 Alumis Common's 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 Alumis Common Stock upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 30.48 | |||
| Value At Risk | (7.24) | |||
| Potential Upside | 7.88 |
Alumis Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alumis Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alumis Common's standard deviation. In reality, there are many statistical measures that can use Alumis Common historical prices to predict the future Alumis Common's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.36) |
Alumis Common Stock Backtested Returns
Alumis Common Stock secures Sharpe Ratio (or Efficiency) of -0.0883, which signifies that the company had a -0.0883% return per unit of risk over the last 3 months. Alumis Common Stock exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alumis Common's Mean Deviation of 3.61, standard deviation of 4.98, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. Alumis Common returns are very sensitive to returns on the market. As the market goes up or down, Alumis Common is expected to follow. At this point, Alumis Common Stock has a negative expected return of -0.44%. Please make sure to confirm Alumis Common's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Alumis Common Stock performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Alumis Common Stock has weak predictability. Overlapping area represents the amount of predictability between Alumis Common time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th of December 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 Alumis Common Stock price movement. The serial correlation of 0.24 indicates that over 24.0% of current Alumis Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Alumis Common Stock lagged returns against current returns
Autocorrelation, which is Alumis Common 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 Alumis Common's stock expected returns. We can calculate the autocorrelation of Alumis Common returns to help us make a trade decision. For example, suppose you find that Alumis Common 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 |
Alumis Common 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 Alumis Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alumis Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alumis Common stock over time.
Current vs Lagged Prices |
| Timeline |
Alumis Common Lagged Returns
When evaluating Alumis Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alumis Common stock have on its future price. Alumis Common 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, Alumis Common autocorrelation shows the relationship between Alumis Common stock current value and its past values and can show if there is a momentum factor associated with investing in Alumis Common Stock.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alumis Stock Analysis
When running Alumis Common's price analysis, check to measure Alumis Common's 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 Alumis Common is operating at the current time. Most of Alumis Common's value examination focuses on studying past and present price action to predict the probability of Alumis Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumis Common's price. Additionally, you may evaluate how the addition of Alumis Common to your portfolios can decrease your overall portfolio volatility.