Hillevax Stock Market Value
| HLVX Stock | USD 1.93 0.01 0.52% |
| Symbol | Hillevax |
Hillevax 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 Hillevax. If investors know Hillevax 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 Hillevax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.09) | Return On Assets (0.29) | Return On Equity (0.62) |
The market value of Hillevax is measured differently than its book value, which is the value of Hillevax that is recorded on the company's balance sheet. Investors also form their own opinion of Hillevax's value that differs from its market value or its book value, called intrinsic value, which is Hillevax'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 Hillevax's market value can be influenced by many factors that don't directly affect Hillevax'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 Hillevax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hillevax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hillevax'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.
Hillevax '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 Hillevax'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 Hillevax.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Hillevax on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hillevax or generate 0.0% return on investment in Hillevax over 540 days. Hillevax is related to or competes with Pmv Pharmaceuticals, Eliem Therapeutics, MediciNova, Pharvaris, PepGen, Molecular Partners, and Monte Rosa. HilleVax, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing novel vaccines More
Hillevax 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 Hillevax'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 Hillevax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.8 |
Hillevax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hillevax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hillevax's standard deviation. In reality, there are many statistical measures that can use Hillevax historical prices to predict the future Hillevax's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0038 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hillevax'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.
Hillevax Backtested Returns
At this stage we consider Hillevax Stock to be not too volatile. Hillevax holds Efficiency (Sharpe) Ratio of 0.0381, which attests that the entity had a 0.0381% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hillevax, which you can use to evaluate the volatility of the firm. Please check out Hillevax's Downside Deviation of 2.15, risk adjusted performance of 0.0114, and Market Risk Adjusted Performance of 0.0138 to validate if the risk estimate we provide is consistent with the expected return of 0.0812%. Hillevax has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.99, which attests to possible diversification benefits within a given portfolio. Hillevax returns are very sensitive to returns on the market. As the market goes up or down, Hillevax is expected to follow. Hillevax right now retains a risk of 2.13%. Please check out Hillevax maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Hillevax will be following its current trending patterns.
Auto-correlation | 0.17 |
Very weak predictability
Hillevax has very weak predictability. Overlapping area represents the amount of predictability between Hillevax time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Hillevax price movement. The serial correlation of 0.17 indicates that over 17.0% of current Hillevax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 42.31 |
Hillevax lagged returns against current returns
Autocorrelation, which is Hillevax 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 Hillevax's stock expected returns. We can calculate the autocorrelation of Hillevax returns to help us make a trade decision. For example, suppose you find that Hillevax 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 |
Hillevax 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 Hillevax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hillevax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hillevax stock over time.
Current vs Lagged Prices |
| Timeline |
Hillevax Lagged Returns
When evaluating Hillevax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hillevax stock have on its future price. Hillevax 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, Hillevax autocorrelation shows the relationship between Hillevax stock current value and its past values and can show if there is a momentum factor associated with investing in Hillevax.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hillevax Stock Analysis
When running Hillevax's price analysis, check to measure Hillevax'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 Hillevax is operating at the current time. Most of Hillevax's value examination focuses on studying past and present price action to predict the probability of Hillevax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hillevax's price. Additionally, you may evaluate how the addition of Hillevax to your portfolios can decrease your overall portfolio volatility.