Alterity Therapeutics Stock Market Value
| ATHE Stock | USD 4.26 0.53 14.21% |
| Symbol | Alterity |
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 Alterity Therapeutics. If investors know Alterity 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 Alterity Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Alterity Therapeutics is measured differently than its book value, which is the value of Alterity that is recorded on the company's balance sheet. Investors also form their own opinion of Alterity Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Alterity Therapeutics' 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 Alterity Therapeutics' market value can be influenced by many factors that don't directly affect Alterity Therapeutics' 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 Alterity Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Alterity Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alterity Therapeutics' 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.
Alterity Therapeutics '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 Alterity Therapeutics' 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 Alterity Therapeutics.
| 07/10/2024 |
| 01/06/2025 |
If you would invest 0.00 in Alterity Therapeutics on July 10, 2024 and sell it all today you would earn a total of 0.00 from holding Alterity Therapeutics or generate 0.0% return on investment in Alterity Therapeutics over 180 days. Alterity Therapeutics is related to or competes with Anebulo Pharmaceuticals, Pmv Pharmaceuticals, AN2 Therapeutics, HCW Biologics, Protara Therapeutics, Monopar Therapeutics, and Surrozen. Alterity Therapeutics Limited engages in the research and development of therapeutic drugs to treat Alzheimers disease, ... More
Alterity Therapeutics 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 Alterity Therapeutics' 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 Alterity Therapeutics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.291 | |||
| Maximum Drawdown | 35.81 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 15.35 |
Alterity Therapeutics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alterity Therapeutics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alterity Therapeutics' standard deviation. In reality, there are many statistical measures that can use Alterity Therapeutics historical prices to predict the future Alterity Therapeutics' volatility.| Risk Adjusted Performance | 0.2474 | |||
| Jensen Alpha | 2.11 | |||
| Total Risk Alpha | 2.01 | |||
| Sortino Ratio | 0.6581 | |||
| Treynor Ratio | 2.44 |
Alterity Therapeutics Backtested Returns
Alterity Therapeutics is risky given 3 months investment horizon. Alterity Therapeutics secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the company had a 0.29% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.13% are justified by taking the suggested risk. Use Alterity Therapeutics Downside Deviation of 3.2, mean deviation of 5.0, and Risk Adjusted Performance of 0.2474 to evaluate company specific risk that cannot be diversified away. Alterity Therapeutics holds a performance score of 23 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Alterity Therapeutics returns are very sensitive to returns on the market. As the market goes up or down, Alterity Therapeutics is expected to follow. Use Alterity Therapeutics expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to analyze future returns on Alterity Therapeutics.
Auto-correlation | -0.32 |
Poor reverse predictability
Alterity Therapeutics has poor reverse predictability. Overlapping area represents the amount of predictability between Alterity Therapeutics time series from 10th of July 2024 to 8th of October 2024 and 8th of October 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alterity Therapeutics price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Alterity Therapeutics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Alterity Therapeutics lagged returns against current returns
Autocorrelation, which is Alterity Therapeutics 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 Alterity Therapeutics' stock expected returns. We can calculate the autocorrelation of Alterity Therapeutics returns to help us make a trade decision. For example, suppose you find that Alterity Therapeutics 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 |
Alterity Therapeutics 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 Alterity Therapeutics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alterity Therapeutics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alterity Therapeutics stock over time.
Current vs Lagged Prices |
| Timeline |
Alterity Therapeutics Lagged Returns
When evaluating Alterity Therapeutics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alterity Therapeutics stock have on its future price. Alterity Therapeutics 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, Alterity Therapeutics autocorrelation shows the relationship between Alterity Therapeutics stock current value and its past values and can show if there is a momentum factor associated with investing in Alterity Therapeutics.
Regressed Prices |
| Timeline |
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Check out Alterity Therapeutics Correlation, Alterity Therapeutics Volatility and Alterity Therapeutics Alpha and Beta module to complement your research on Alterity Therapeutics. For information on how to trade Alterity Stock refer to our How to Trade Alterity Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Alterity Therapeutics 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.