Mannkind Corp Stock Market Value
| MNKD Stock | USD 6.78 0.17 2.57% |
| Symbol | MannKind |
MannKind Corp 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 MannKind Corp. If investors know MannKind 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 MannKind Corp 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 5.246 | Earnings Share 0.08 | Revenue Per Share 0.982 | Quarterly Revenue Growth 0.367 | Return On Assets 0.0912 |
The market value of MannKind Corp is measured differently than its book value, which is the value of MannKind that is recorded on the company's balance sheet. Investors also form their own opinion of MannKind Corp's value that differs from its market value or its book value, called intrinsic value, which is MannKind Corp'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 MannKind Corp's market value can be influenced by many factors that don't directly affect MannKind Corp'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 MannKind Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if MannKind Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MannKind Corp'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.
MannKind Corp '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 MannKind Corp'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 MannKind Corp.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in MannKind Corp on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding MannKind Corp or generate 0.0% return on investment in MannKind Corp over 720 days. MannKind Corp is related to or competes with Biomarin Pharmaceutical, Vaxcyte, Liquidia Technologies, Legend Biotech, Bio Techne, United Therapeutics, and Larimar Therapeutics. MannKind Corporation, a biopharmaceutical company, focuses on the development and commercialization of inhaled therapeut... More
MannKind Corp 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 MannKind Corp'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 MannKind Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.0476 | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.87 |
MannKind Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MannKind Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MannKind Corp's standard deviation. In reality, there are many statistical measures that can use MannKind Corp historical prices to predict the future MannKind Corp's volatility.| Risk Adjusted Performance | 0.0974 | |||
| Jensen Alpha | 0.0959 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0555 | |||
| Treynor Ratio | 0.2272 |
MannKind Corp Backtested Returns
At this point, MannKind Corp is not too volatile. MannKind Corp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MannKind Corp, which you can use to evaluate the volatility of the firm. Please verify MannKind Corp's Risk Adjusted Performance of 0.0974, mean deviation of 1.5, and Downside Deviation of 1.64 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. MannKind Corp has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.96, which conveys possible diversification benefits within a given portfolio. MannKind Corp returns are very sensitive to returns on the market. As the market goes up or down, MannKind Corp is expected to follow. MannKind Corp right now secures a risk of 1.67%. Please verify MannKind Corp treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if MannKind Corp will be following its current price movements.
Auto-correlation | -0.64 |
Very good reverse predictability
MannKind Corp has very good reverse predictability. Overlapping area represents the amount of predictability between MannKind Corp time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 MannKind Corp price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current MannKind Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
MannKind Corp lagged returns against current returns
Autocorrelation, which is MannKind Corp 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 MannKind Corp's stock expected returns. We can calculate the autocorrelation of MannKind Corp returns to help us make a trade decision. For example, suppose you find that MannKind Corp 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 |
MannKind Corp 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 MannKind Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MannKind Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MannKind Corp stock over time.
Current vs Lagged Prices |
| Timeline |
MannKind Corp Lagged Returns
When evaluating MannKind Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MannKind Corp stock have on its future price. MannKind Corp 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, MannKind Corp autocorrelation shows the relationship between MannKind Corp stock current value and its past values and can show if there is a momentum factor associated with investing in MannKind Corp.
Regressed Prices |
| Timeline |
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 MannKind Corp is a strong investment it is important to analyze MannKind Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MannKind Corp's future performance. For an informed investment choice regarding MannKind Stock, refer to the following important reports:Check out MannKind Corp Correlation, MannKind Corp Volatility and MannKind Corp Alpha and Beta module to complement your research on MannKind Corp. For information on how to trade MannKind Stock refer to our How to Trade MannKind Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
MannKind Corp 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.