Erasca Inc Stock Market Value
| ERAS Stock | USD 1.44 0.03 2.04% |
| Symbol | Erasca |
Erasca Inc Price To Book Ratio
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 Erasca. If investors know Erasca 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 Erasca 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 Erasca Inc is measured differently than its book value, which is the value of Erasca that is recorded on the company's balance sheet. Investors also form their own opinion of Erasca's value that differs from its market value or its book value, called intrinsic value, which is Erasca'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 Erasca's market value can be influenced by many factors that don't directly affect Erasca'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 Erasca's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erasca is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erasca'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.
Erasca '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 Erasca'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 Erasca.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Erasca on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Erasca Inc or generate 0.0% return on investment in Erasca over 90 days. Erasca is related to or competes with Century Therapeutics, Keros Therapeutics, Monte Rosa, Design Therapeutics, Edgewise Therapeutics, C4 Therapeutics, and Mineralys Therapeutics,. Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therap... More
Erasca 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 Erasca'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 Erasca Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 21.39 | |||
| Value At Risk | (8.74) | |||
| Potential Upside | 7.57 |
Erasca Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erasca's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erasca's standard deviation. In reality, there are many statistical measures that can use Erasca historical prices to predict the future Erasca's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.72) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.63) |
Erasca Inc Backtested Returns
Erasca Inc secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2 % return per unit of standard deviation over the last 3 months. Erasca Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Erasca's Standard Deviation of 4.39, coefficient of variation of (473.05), and Mean Deviation of 3.34 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.49, which means 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, Erasca will likely underperform. At this point, Erasca Inc has a negative expected return of -0.89%. Please make sure to confirm Erasca's information ratio, as well as the relationship between the potential upside and rate of daily change , to decide if Erasca Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Erasca Inc has good predictability. Overlapping area represents the amount of predictability between Erasca time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Erasca Inc price movement. The serial correlation of 0.66 indicates that around 66.0% of current Erasca price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Erasca Inc lagged returns against current returns
Autocorrelation, which is Erasca 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 Erasca's stock expected returns. We can calculate the autocorrelation of Erasca returns to help us make a trade decision. For example, suppose you find that Erasca 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 |
Erasca 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 Erasca stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erasca stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erasca stock over time.
Current vs Lagged Prices |
| Timeline |
Erasca Lagged Returns
When evaluating Erasca's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erasca stock have on its future price. Erasca 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, Erasca autocorrelation shows the relationship between Erasca stock current value and its past values and can show if there is a momentum factor associated with investing in Erasca Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Erasca Stock Analysis
When running Erasca's price analysis, check to measure Erasca'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 Erasca is operating at the current time. Most of Erasca's value examination focuses on studying past and present price action to predict the probability of Erasca's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erasca's price. Additionally, you may evaluate how the addition of Erasca to your portfolios can decrease your overall portfolio volatility.