Applied Dna Sciences Stock Market Value
| APDN Stock | USD 0.15 0.01 6.25% |
| Symbol | Applied |
Applied DNA Sciences Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Applied DNA. If investors know Applied 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 Applied DNA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.50) | Revenue Per Share 2.202 | Quarterly Revenue Growth (0.73) | Return On Assets (0.57) | Return On Equity (0.76) |
The market value of Applied DNA Sciences is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied DNA's value that differs from its market value or its book value, called intrinsic value, which is Applied DNA'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 Applied DNA's market value can be influenced by many factors that don't directly affect Applied DNA'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 Applied DNA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied DNA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied DNA'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.
Applied DNA '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 Applied DNA'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 Applied DNA.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Applied DNA on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Applied DNA Sciences or generate 0.0% return on investment in Applied DNA over 90 days. Applied DNA is related to or competes with Biodesix, DarioHealth Corp, Exagen, Burning Rock, Neuronetics, Sera Prognostics, and OncoCyte Corp. Applied DNA Sciences, Inc. develops and markets DNA-based technology solutions for use in the nucleic acid-based in vitr... More
Applied DNA 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 Applied DNA'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 Applied DNA Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 65.66 | |||
| Value At Risk | (21.05) | |||
| Potential Upside | 10.69 |
Applied DNA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Applied DNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Applied DNA's standard deviation. In reality, there are many statistical measures that can use Applied DNA historical prices to predict the future Applied DNA's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (3.46) | |||
| Total Risk Alpha | (5.24) | |||
| Treynor Ratio | (8.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Applied DNA's 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.
Applied DNA Sciences Backtested Returns
Applied DNA Sciences secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26% return per unit of risk over the last 3 months. Applied DNA Sciences exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Applied DNA's Mean Deviation of 7.39, risk adjusted performance of (0.23), and Standard Deviation of 11.01 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Applied DNA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Applied DNA is expected to be smaller as well. At this point, Applied DNA Sciences has a negative expected return of -2.83%. Please make sure to confirm Applied DNA's value at risk and the relationship between the accumulation distribution and relative strength index , to decide if Applied DNA Sciences performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Applied DNA Sciences has good predictability. Overlapping area represents the amount of predictability between Applied DNA time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Applied DNA Sciences price movement. The serial correlation of 0.75 indicates that around 75.0% of current Applied DNA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Applied DNA Sciences lagged returns against current returns
Autocorrelation, which is Applied DNA 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 Applied DNA's stock expected returns. We can calculate the autocorrelation of Applied DNA returns to help us make a trade decision. For example, suppose you find that Applied DNA 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 |
Applied DNA 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 Applied DNA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Applied DNA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Applied DNA stock over time.
Current vs Lagged Prices |
| Timeline |
Applied DNA Lagged Returns
When evaluating Applied DNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Applied DNA stock have on its future price. Applied DNA 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, Applied DNA autocorrelation shows the relationship between Applied DNA stock current value and its past values and can show if there is a momentum factor associated with investing in Applied DNA Sciences.
Regressed Prices |
| Timeline |
Pair Trading with Applied DNA
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 Applied DNA 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 Applied DNA will appreciate offsetting losses from the drop in the long position's value.Moving against Applied Stock
| 0.87 | GLW | Corning Incorporated | PairCorr |
| 0.87 | JBL | Jabil Circuit | PairCorr |
| 0.81 | ZBRA | Zebra Technologies | PairCorr |
| 0.75 | FLEX | Flex | PairCorr |
| 0.75 | MYNA | Mynaric AG ADR | PairCorr |
The ability to find closely correlated positions to Applied DNA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied DNA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Applied DNA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Applied DNA Sciences to buy it.
The correlation of Applied DNA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied DNA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied DNA Sciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Applied DNA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Applied DNA Correlation, Applied DNA Volatility and Applied DNA Alpha and Beta module to complement your research on Applied DNA. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Applied DNA 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.