Rallybio Corp Stock Market Value
| RLYB Stock | USD 1.10 0.02 1.85% |
| Symbol | Rallybio |
Rallybio 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 Rallybio Corp. If investors know Rallybio 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 Rallybio Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.57) | Revenue Per Share 0.014 | Return On Assets (0.39) | Return On Equity (0.67) |
The market value of Rallybio Corp is measured differently than its book value, which is the value of Rallybio that is recorded on the company's balance sheet. Investors also form their own opinion of Rallybio Corp's value that differs from its market value or its book value, called intrinsic value, which is Rallybio 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 Rallybio Corp's market value can be influenced by many factors that don't directly affect Rallybio 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 Rallybio Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rallybio Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rallybio 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.
Rallybio 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 Rallybio 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 Rallybio Corp.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Rallybio Corp on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Rallybio Corp or generate 0.0% return on investment in Rallybio Corp over 30 days. Rallybio Corp is related to or competes with Cue Biopharma, Tff Pharmaceuticals, Eliem Therapeutics, Inhibrx, and Molecular Partners. Rallybio Corporation, a clinical-stage biotechnology company, engages in discovering, developing, manufacturing, and del... More
Rallybio 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 Rallybio 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 Rallybio Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.05 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.04 |
Rallybio Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rallybio Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rallybio Corp's standard deviation. In reality, there are many statistical measures that can use Rallybio Corp historical prices to predict the future Rallybio Corp's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rallybio Corp'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.
Rallybio Corp Backtested Returns
At this point, Rallybio Corp is somewhat reliable. Rallybio Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0115, which implies the firm had a 0.0115% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Rallybio Corp, which you can use to evaluate the volatility of the company. Please check Rallybio Corp's Variance of 6.41, coefficient of variation of (1,693), and Risk Adjusted Performance of (0.04) to confirm if the risk estimate we provide is consistent with the expected return of 0.027%. The company holds a Beta of 0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rallybio Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rallybio Corp is expected to be smaller as well. Rallybio Corp right now holds a risk of 2.34%. Please check Rallybio Corp total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Rallybio Corp will be following its historical price patterns.
Auto-correlation | 0.73 |
Good predictability
Rallybio Corp has good predictability. Overlapping area represents the amount of predictability between Rallybio Corp time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Rallybio Corp price movement. The serial correlation of 0.73 indicates that around 73.0% of current Rallybio Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rallybio Corp lagged returns against current returns
Autocorrelation, which is Rallybio 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 Rallybio Corp's stock expected returns. We can calculate the autocorrelation of Rallybio Corp returns to help us make a trade decision. For example, suppose you find that Rallybio 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 |
Rallybio 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 Rallybio Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rallybio Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rallybio Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Rallybio Corp Lagged Returns
When evaluating Rallybio Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rallybio Corp stock have on its future price. Rallybio 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, Rallybio Corp autocorrelation shows the relationship between Rallybio Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Rallybio 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 Rallybio Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rallybio Corp's 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 Rallybio Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rallybio Corp Stock:Check out Rallybio Corp Correlation, Rallybio Corp Volatility and Rallybio Corp Alpha and Beta module to complement your research on Rallybio Corp. For information on how to trade Rallybio Stock refer to our How to Trade Rallybio Stock guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Rallybio 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.