Tectonic Therapeutic, Stock Market Value
| TECX Stock | 47.56 0.12 0.25% |
| Symbol | Tectonic |
Tectonic Therapeutic, 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 Tectonic Therapeutic,. If investors know Tectonic 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 Tectonic Therapeutic, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.07) |
The market value of Tectonic Therapeutic, is measured differently than its book value, which is the value of Tectonic that is recorded on the company's balance sheet. Investors also form their own opinion of Tectonic Therapeutic,'s value that differs from its market value or its book value, called intrinsic value, which is Tectonic Therapeutic,'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 Tectonic Therapeutic,'s market value can be influenced by many factors that don't directly affect Tectonic Therapeutic,'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 Tectonic Therapeutic,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Tectonic Therapeutic, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tectonic Therapeutic,'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.
Tectonic Therapeutic, '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 Tectonic Therapeutic,'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 Tectonic Therapeutic,.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Tectonic Therapeutic, on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Tectonic Therapeutic, or generate 0.0% return on investment in Tectonic Therapeutic, over 30 days. Tectonic Therapeutic, is related to or competes with Fate Therapeutics, Sana Biotechnology, Caribou Biosciences, Arcus Biosciences, Karyopharm Therapeutics, X4 Pharmaceuticals, and Hookipa Pharma. Tectonic Therapeutic, is entity of United States More
Tectonic Therapeutic, 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 Tectonic Therapeutic,'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 Tectonic Therapeutic, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.2782 | |||
| Maximum Drawdown | 30.4 | |||
| Value At Risk | (6.50) | |||
| Potential Upside | 7.76 |
Tectonic Therapeutic, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tectonic Therapeutic,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tectonic Therapeutic,'s standard deviation. In reality, there are many statistical measures that can use Tectonic Therapeutic, historical prices to predict the future Tectonic Therapeutic,'s volatility.| Risk Adjusted Performance | 0.2338 | |||
| Jensen Alpha | 1.41 | |||
| Total Risk Alpha | 1.3 | |||
| Sortino Ratio | 0.3855 | |||
| Treynor Ratio | 0.808 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tectonic Therapeutic,'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.
Tectonic Therapeutic, Backtested Returns
Tectonic Therapeutic, is very steady given 3 months investment horizon. Tectonic Therapeutic, owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Tectonic Therapeutic, Risk Adjusted Performance of 0.2338, semi deviation of 2.95, and Coefficient Of Variation of 351.55 to evaluate company specific risk that cannot be diversified away. Tectonic Therapeutic, holds a performance score of 18 on a scale of zero to a hundred. The entity has a beta of 1.79, 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, Tectonic Therapeutic, will likely underperform. Use Tectonic Therapeutic, potential upside, and the relationship between the total risk alpha and kurtosis , to analyze future returns on Tectonic Therapeutic,.
Auto-correlation | -0.83 |
Excellent reverse predictability
Tectonic Therapeutic, has excellent reverse predictability. Overlapping area represents the amount of predictability between Tectonic Therapeutic, time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Tectonic Therapeutic, price movement. The serial correlation of -0.83 indicates that around 83.0% of current Tectonic Therapeutic, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 4.26 |
Tectonic Therapeutic, lagged returns against current returns
Autocorrelation, which is Tectonic Therapeutic, 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 Tectonic Therapeutic,'s stock expected returns. We can calculate the autocorrelation of Tectonic Therapeutic, returns to help us make a trade decision. For example, suppose you find that Tectonic Therapeutic, 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 |
Tectonic Therapeutic, 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 Tectonic Therapeutic, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tectonic Therapeutic, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tectonic Therapeutic, stock over time.
Current vs Lagged Prices |
| Timeline |
Tectonic Therapeutic, Lagged Returns
When evaluating Tectonic Therapeutic,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tectonic Therapeutic, stock have on its future price. Tectonic Therapeutic, 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, Tectonic Therapeutic, autocorrelation shows the relationship between Tectonic Therapeutic, stock current value and its past values and can show if there is a momentum factor associated with investing in Tectonic Therapeutic,.
Regressed Prices |
| Timeline |
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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.Additional Tools for Tectonic Stock Analysis
When running Tectonic Therapeutic,'s price analysis, check to measure Tectonic Therapeutic,'s 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 Tectonic Therapeutic, is operating at the current time. Most of Tectonic Therapeutic,'s value examination focuses on studying past and present price action to predict the probability of Tectonic Therapeutic,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tectonic Therapeutic,'s price. Additionally, you may evaluate how the addition of Tectonic Therapeutic, to your portfolios can decrease your overall portfolio volatility.