Immunocore Holdings Stock Market Value
| IMCR Stock | USD 30.77 1.56 5.34% |
| Symbol | Immunocore |
Immunocore Holdings 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 Immunocore Holdings. If investors know Immunocore 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 Immunocore Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 8.22 | Earnings Share (0.95) | Revenue Per Share | Quarterly Revenue Growth 0.237 | Return On Assets |
The market value of Immunocore Holdings is measured differently than its book value, which is the value of Immunocore that is recorded on the company's balance sheet. Investors also form their own opinion of Immunocore Holdings' value that differs from its market value or its book value, called intrinsic value, which is Immunocore Holdings' 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 Immunocore Holdings' market value can be influenced by many factors that don't directly affect Immunocore Holdings' 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 Immunocore Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Immunocore Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immunocore Holdings' 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.
Immunocore Holdings '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 Immunocore Holdings' 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 Immunocore Holdings.
| 11/28/2024 |
| 02/26/2025 |
If you would invest 0.00 in Immunocore Holdings on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Immunocore Holdings or generate 0.0% return on investment in Immunocore Holdings over 90 days. Immunocore Holdings is related to or competes with Arcellx, Ventyx Biosciences, Vaxcyte, Nuvalent, Viridian Therapeutics, Monte Rosa, and Design Therapeutics. Immunocore Holdings plc, a commercial-stage biotechnology company, engages in the development of immunotherapies for the... More
Immunocore Holdings 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 Immunocore Holdings' 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 Immunocore Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.64 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 4.79 |
Immunocore Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immunocore Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immunocore Holdings' standard deviation. In reality, there are many statistical measures that can use Immunocore Holdings historical prices to predict the future Immunocore Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Immunocore Holdings' 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.
Immunocore Holdings Backtested Returns
Immunocore Holdings holds Efficiency (Sharpe) Ratio of -0.0453, which attests that the entity had a -0.0453 % return per unit of risk over the last 3 months. Immunocore Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Immunocore Holdings' Standard Deviation of 2.34, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.24) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Immunocore Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Immunocore Holdings is expected to be smaller as well. At this point, Immunocore Holdings has a negative expected return of -0.11%. Please make sure to check out Immunocore Holdings' potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Immunocore Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Immunocore Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Immunocore Holdings time series from 28th of November 2024 to 12th of January 2025 and 12th of January 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Immunocore Holdings price movement. The serial correlation of -0.22 indicates that over 22.0% of current Immunocore Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.74 |
Immunocore Holdings lagged returns against current returns
Autocorrelation, which is Immunocore Holdings 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 Immunocore Holdings' stock expected returns. We can calculate the autocorrelation of Immunocore Holdings returns to help us make a trade decision. For example, suppose you find that Immunocore Holdings 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 |
Immunocore Holdings 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 Immunocore Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immunocore Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immunocore Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Immunocore Holdings Lagged Returns
When evaluating Immunocore Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immunocore Holdings stock have on its future price. Immunocore Holdings 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, Immunocore Holdings autocorrelation shows the relationship between Immunocore Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Immunocore Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Immunocore Holdings
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 Immunocore Holdings 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 Immunocore Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Immunocore Stock
The ability to find closely correlated positions to Immunocore Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Immunocore Holdings 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 Immunocore Holdings - 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 Immunocore Holdings to buy it.
The correlation of Immunocore Holdings 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 Immunocore Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Immunocore Holdings 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 Immunocore Holdings 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.Additional Tools for Immunocore Stock Analysis
When running Immunocore Holdings' price analysis, check to measure Immunocore Holdings' 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 Immunocore Holdings is operating at the current time. Most of Immunocore Holdings' value examination focuses on studying past and present price action to predict the probability of Immunocore Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Immunocore Holdings' price. Additionally, you may evaluate how the addition of Immunocore Holdings to your portfolios can decrease your overall portfolio volatility.