Exact Sciences Stock Market Value
| EXAS Stock | USD 61.69 1.59 2.65% |
| Symbol | EXACT |
EXACT Sciences 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 EXACT Sciences. If investors know EXACT 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 EXACT Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.16) | Revenue Per Share 14.7 | Quarterly Revenue Growth 0.128 | Return On Assets (0.02) | Return On Equity (0.07) |
The market value of EXACT Sciences is measured differently than its book value, which is the value of EXACT that is recorded on the company's balance sheet. Investors also form their own opinion of EXACT Sciences' value that differs from its market value or its book value, called intrinsic value, which is EXACT 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 EXACT Sciences' market value can be influenced by many factors that don't directly affect EXACT Sciences' 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 EXACT Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if EXACT Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EXACT 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.
EXACT 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 EXACT 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 EXACT Sciences.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in EXACT Sciences on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding EXACT Sciences or generate 0.0% return on investment in EXACT Sciences over 90 days. EXACT Sciences is related to or competes with Natera, Caredx, Illumina, Twist Bioscience, Agilent Technologies, Thermo Fisher, and Danaher. Exact Sciences Corporation provides cancer screening and diagnostic test products in the United States and international... More
EXACT 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 EXACT 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 EXACT Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.56 | |||
| Information Ratio | 0.003 | |||
| Maximum Drawdown | 33.31 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 6.62 |
EXACT Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EXACT Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EXACT Sciences' standard deviation. In reality, there are many statistical measures that can use EXACT Sciences historical prices to predict the future EXACT Sciences' volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | 0.3016 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | (0.09) |
EXACT Sciences Backtested Returns
Currently, EXACT Sciences is very steady. EXACT Sciences retains Efficiency (Sharpe Ratio) of 0.0329, which denotes the company had a 0.0329% return per unit of risk over the last 3 months. We have found thirty technical indicators for EXACT Sciences, which you can use to evaluate the volatility of the firm. Please confirm EXACT Sciences' Market Risk Adjusted Performance of (0.08), downside deviation of 4.56, and Coefficient Of Variation of 3035.32 to check if the risk estimate we provide is consistent with the expected return of 0.14%. EXACT Sciences has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -1.5, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning EXACT Sciences are expected to decrease by larger amounts. On the other hand, during market turmoil, EXACT Sciences is expected to outperform it. EXACT Sciences now owns a risk of 4.26%. Please confirm EXACT Sciences coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if EXACT Sciences will be following its current price history.
Auto-correlation | -0.43 |
Modest reverse predictability
EXACT Sciences has modest reverse predictability. Overlapping area represents the amount of predictability between EXACT Sciences time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 EXACT Sciences price movement. The serial correlation of -0.43 indicates that just about 43.0% of current EXACT Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 80.42 |
EXACT Sciences lagged returns against current returns
Autocorrelation, which is EXACT 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 EXACT Sciences' stock expected returns. We can calculate the autocorrelation of EXACT Sciences returns to help us make a trade decision. For example, suppose you find that EXACT Sciences 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 |
EXACT 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 EXACT Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EXACT Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EXACT Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
EXACT Sciences Lagged Returns
When evaluating EXACT Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EXACT Sciences stock have on its future price. EXACT 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, EXACT Sciences autocorrelation shows the relationship between EXACT Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in EXACT Sciences.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EXACT Stock Analysis
When running EXACT Sciences' price analysis, check to measure EXACT 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 EXACT Sciences is operating at the current time. Most of EXACT Sciences' value examination focuses on studying past and present price action to predict the probability of EXACT Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EXACT Sciences' price. Additionally, you may evaluate how the addition of EXACT Sciences to your portfolios can decrease your overall portfolio volatility.