Histogen Stock Market Value
| HSTO Stock | USD 0.02 0.01 25.65% |
| Symbol | Histogen |
Histogen 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 Histogen. If investors know Histogen 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 Histogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.81) | Revenue Per Share 0.004 | Return On Assets (0.54) | Return On Equity (1.20) |
The market value of Histogen is measured differently than its book value, which is the value of Histogen that is recorded on the company's balance sheet. Investors also form their own opinion of Histogen's value that differs from its market value or its book value, called intrinsic value, which is Histogen'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 Histogen's market value can be influenced by many factors that don't directly affect Histogen'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 Histogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Histogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Histogen'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.
Histogen '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 Histogen'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 Histogen.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Histogen on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Histogen or generate 0.0% return on investment in Histogen over 180 days. Histogen is related to or competes with Virax Biolabs, Altamira Therapeutics, Aileron Therapeutics, Artelo Biosciences, Curis, Senti Biosciences, and Cingulate. Histogen Inc., a clinical-stage therapeutics company, focuses on developing proprietary hypoxia-generated growth factor ... More
Histogen 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 Histogen'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 Histogen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 131.4 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.76 |
Histogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Histogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Histogen's standard deviation. In reality, there are many statistical measures that can use Histogen historical prices to predict the future Histogen's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.29) | |||
| Total Risk Alpha | (3.42) | |||
| Treynor Ratio | 1.17 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Histogen'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.
Histogen Backtested Returns
Histogen holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Histogen exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Histogen's Risk Adjusted Performance of (0.07), standard deviation of 13.17, and Market Risk Adjusted Performance of 1.18 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.23, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Histogen are expected to decrease by larger amounts. On the other hand, during market turmoil, Histogen is expected to outperform it. At this point, Histogen has a negative expected return of -1.49%. Please make sure to check out Histogen's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Histogen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Histogen has virtually no predictability. Overlapping area represents the amount of predictability between Histogen time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Histogen price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Histogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Histogen lagged returns against current returns
Autocorrelation, which is Histogen 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 Histogen's stock expected returns. We can calculate the autocorrelation of Histogen returns to help us make a trade decision. For example, suppose you find that Histogen 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 |
Histogen 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 Histogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Histogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Histogen stock over time.
Current vs Lagged Prices |
| Timeline |
Histogen Lagged Returns
When evaluating Histogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Histogen stock have on its future price. Histogen 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, Histogen autocorrelation shows the relationship between Histogen stock current value and its past values and can show if there is a momentum factor associated with investing in Histogen.
Regressed Prices |
| Timeline |
Pair Trading with Histogen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Histogen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Histogen will appreciate offsetting losses from the drop in the long position's value.Moving against Histogen Stock
The ability to find closely correlated positions to Histogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Histogen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Histogen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Histogen to buy it.
The correlation of Histogen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Histogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Histogen moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Histogen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Histogen Correlation, Histogen Volatility and Histogen Alpha and Beta module to complement your research on Histogen. To learn how to invest in Histogen Stock, please use our How to Invest in Histogen guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Histogen 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.