Tuhura Biosciences Stock Market Value
| HURA Stock | 4.48 0.48 12.00% |
| Symbol | TuHURA |
TuHURA Biosciences Price To Book Ratio
Is Pharmaceutical Products 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 TuHURA Biosciences. If investors know TuHURA 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 TuHURA Biosciences 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 TuHURA Biosciences is measured differently than its book value, which is the value of TuHURA that is recorded on the company's balance sheet. Investors also form their own opinion of TuHURA Biosciences' value that differs from its market value or its book value, called intrinsic value, which is TuHURA Biosciences' 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 TuHURA Biosciences' market value can be influenced by many factors that don't directly affect TuHURA Biosciences' 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 TuHURA Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if TuHURA Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TuHURA Biosciences' 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.
TuHURA Biosciences '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 TuHURA Biosciences' 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 TuHURA Biosciences.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in TuHURA Biosciences on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding TuHURA Biosciences or generate 0.0% return on investment in TuHURA Biosciences over 720 days. TuHURA Biosciences is related to or competes with Dogwood Therapeutics,, Opus Genetics,, and Telix Pharmaceuticals. TuHURA Biosciences is entity of United States More
TuHURA Biosciences 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 TuHURA Biosciences' 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 TuHURA Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.13 | |||
| Information Ratio | 7.0E-4 | |||
| Maximum Drawdown | 60.72 | |||
| Value At Risk | (15.55) | |||
| Potential Upside | 15.48 |
TuHURA Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TuHURA Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TuHURA Biosciences' standard deviation. In reality, there are many statistical measures that can use TuHURA Biosciences historical prices to predict the future TuHURA Biosciences' volatility.| Risk Adjusted Performance | 0.0122 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 0.0086 |
TuHURA Biosciences Backtested Returns
TuHURA Biosciences appears to be very risky, given 3 months investment horizon. TuHURA Biosciences owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0185, which indicates the firm had a 0.0185% return per unit of volatility over the last 3 months. We have found thirty technical indicators for TuHURA Biosciences, which you can use to evaluate the volatility of the company. Please review TuHURA Biosciences' coefficient of variation of 27465.67, and Risk Adjusted Performance of 0.0122 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TuHURA Biosciences holds a performance score of 1. The entity has a beta of 3.52, which indicates 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, TuHURA Biosciences will likely underperform. Please check TuHURA Biosciences' semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether TuHURA Biosciences' existing price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
TuHURA Biosciences has insignificant predictability. Overlapping area represents the amount of predictability between TuHURA Biosciences time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 TuHURA Biosciences price movement. The serial correlation of 0.11 indicates that less than 11.0% of current TuHURA Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.65 |
TuHURA Biosciences lagged returns against current returns
Autocorrelation, which is TuHURA Biosciences 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 TuHURA Biosciences' stock expected returns. We can calculate the autocorrelation of TuHURA Biosciences returns to help us make a trade decision. For example, suppose you find that TuHURA Biosciences 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 |
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TuHURA Biosciences 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 TuHURA Biosciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TuHURA Biosciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TuHURA Biosciences stock over time.
Current vs Lagged Prices |
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TuHURA Biosciences Lagged Returns
When evaluating TuHURA Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TuHURA Biosciences stock have on its future price. TuHURA Biosciences 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, TuHURA Biosciences autocorrelation shows the relationship between TuHURA Biosciences stock current value and its past values and can show if there is a momentum factor associated with investing in TuHURA Biosciences.
Regressed Prices |
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Also Currently Popular
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.When determining whether TuHURA Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TuHURA Biosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tuhura Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tuhura Biosciences Stock:Check out TuHURA Biosciences Correlation, TuHURA Biosciences Volatility and TuHURA Biosciences Alpha and Beta module to complement your research on TuHURA Biosciences. For information on how to trade TuHURA Stock refer to our How to Trade TuHURA Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
TuHURA Biosciences 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.