Gh Research Plc Stock Market Value
| GHRS Stock | USD 8.93 0.35 3.77% |
| Symbol | GHRS |
GH Research PLC 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 GH Research. If investors know GHRS 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 GH Research listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.79) | Return On Assets (0.13) | Return On Equity (0.16) |
The market value of GH Research PLC is measured differently than its book value, which is the value of GHRS that is recorded on the company's balance sheet. Investors also form their own opinion of GH Research's value that differs from its market value or its book value, called intrinsic value, which is GH Research'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 GH Research's market value can be influenced by many factors that don't directly affect GH Research'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 GH Research's value and its price as these two are different measures arrived at by different means. Investors typically determine if GH Research is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GH Research'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.
GH Research '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 GH Research'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 GH Research.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in GH Research on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding GH Research PLC or generate 0.0% return on investment in GH Research over 180 days. GH Research is related to or competes with DiaMedica Therapeutics, Lyra Therapeutics, and Centessa Pharmaceuticals. GH Research PLC, a clinical-stage biopharmaceutical company, engages in developing various therapies for the treatment o... More
GH Research 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 GH Research'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 GH Research PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.09 | |||
| Value At Risk | (6.57) | |||
| Potential Upside | 8.59 |
GH Research Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GH Research's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GH Research's standard deviation. In reality, there are many statistical measures that can use GH Research historical prices to predict the future GH Research's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (0.15) |
GH Research PLC Backtested Returns
GH Research PLC retains Efficiency (Sharpe Ratio) of -0.0085, which attests that the entity had a -0.0085% return per unit of price deviation over the last 3 months. GH Research exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GH Research's Coefficient Of Variation of (2,265), market risk adjusted performance of (0.14), and Information Ratio of (0.07) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.43, which attests to 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, GH Research will likely underperform. At this point, GH Research PLC has a negative expected return of -0.0394%. Please make sure to check out GH Research's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if GH Research PLC performance from the past will be repeated sooner or later.
Auto-correlation | -0.34 |
Poor reverse predictability
GH Research PLC has poor reverse predictability. Overlapping area represents the amount of predictability between GH Research time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 GH Research PLC price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current GH Research price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
GH Research PLC lagged returns against current returns
Autocorrelation, which is GH Research 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 GH Research's stock expected returns. We can calculate the autocorrelation of GH Research returns to help us make a trade decision. For example, suppose you find that GH Research 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 |
GH Research 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 GH Research stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GH Research stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GH Research stock over time.
Current vs Lagged Prices |
| Timeline |
GH Research Lagged Returns
When evaluating GH Research's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GH Research stock have on its future price. GH Research 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, GH Research autocorrelation shows the relationship between GH Research stock current value and its past values and can show if there is a momentum factor associated with investing in GH Research PLC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GHRS Stock Analysis
When running GH Research's price analysis, check to measure GH Research'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 GH Research is operating at the current time. Most of GH Research's value examination focuses on studying past and present price action to predict the probability of GH Research's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GH Research's price. Additionally, you may evaluate how the addition of GH Research to your portfolios can decrease your overall portfolio volatility.