Tevogen Bio Holdings Stock Market Value
| TVGN Stock | 1.17 0.06 5.41% |
| Symbol | Tevogen |
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 Tevogen Bio. If investors know Tevogen 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 Tevogen Bio 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 Tevogen Bio Holdings is measured differently than its book value, which is the value of Tevogen that is recorded on the company's balance sheet. Investors also form their own opinion of Tevogen Bio's value that differs from its market value or its book value, called intrinsic value, which is Tevogen Bio'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 Tevogen Bio's market value can be influenced by many factors that don't directly affect Tevogen Bio'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 Tevogen Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tevogen Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tevogen Bio'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.
Tevogen Bio '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 Tevogen Bio'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 Tevogen Bio.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Tevogen Bio on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tevogen Bio Holdings or generate 0.0% return on investment in Tevogen Bio over 90 days. Tevogen Bio is related to or competes with NioCorp Developments, Barrick Gold, Nasdaq, Kaiser Aluminum, Idaho Strategic, and Tradeweb Markets. More
Tevogen Bio 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 Tevogen Bio'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 Tevogen Bio Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.84 | |||
| Information Ratio | 0.0796 | |||
| Maximum Drawdown | 35.67 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.59 |
Tevogen Bio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tevogen Bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tevogen Bio's standard deviation. In reality, there are many statistical measures that can use Tevogen Bio historical prices to predict the future Tevogen Bio's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.5526 | |||
| Total Risk Alpha | 1.39 | |||
| Sortino Ratio | 0.0854 | |||
| Treynor Ratio | 0.6688 |
Tevogen Bio Holdings Backtested Returns
Tevogen Bio appears to be dangerous, given 3 months investment horizon. Tevogen Bio Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0661, which indicates the firm had a 0.0661 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tevogen Bio Holdings, which you can use to evaluate the volatility of the company. Please review Tevogen Bio's Risk Adjusted Performance of 0.0664, semi deviation of 6.55, and Coefficient Of Variation of 1512.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tevogen Bio holds a performance score of 5. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tevogen Bio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tevogen Bio is expected to be smaller as well. Please check Tevogen Bio's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Tevogen Bio's existing price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Tevogen Bio Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Tevogen Bio time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Tevogen Bio Holdings price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Tevogen Bio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Tevogen Bio Holdings lagged returns against current returns
Autocorrelation, which is Tevogen Bio 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 Tevogen Bio's stock expected returns. We can calculate the autocorrelation of Tevogen Bio returns to help us make a trade decision. For example, suppose you find that Tevogen Bio 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 |
Tevogen Bio 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 Tevogen Bio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tevogen Bio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tevogen Bio stock over time.
Current vs Lagged Prices |
| Timeline |
Tevogen Bio Lagged Returns
When evaluating Tevogen Bio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tevogen Bio stock have on its future price. Tevogen Bio 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, Tevogen Bio autocorrelation shows the relationship between Tevogen Bio stock current value and its past values and can show if there is a momentum factor associated with investing in Tevogen Bio Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Tevogen Bio
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 Tevogen Bio 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 Tevogen Bio will appreciate offsetting losses from the drop in the long position's value.Moving together with Tevogen Stock
Moving against Tevogen Stock
| 0.69 | PEPG | PepGen | PairCorr |
| 0.59 | MLYS | Mineralys Therapeutics, Trending | PairCorr |
| 0.56 | MRK | Merck Company Sell-off Trend | PairCorr |
| 0.41 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.38 | ZURA | Zura Bio Limited | PairCorr |
The ability to find closely correlated positions to Tevogen Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tevogen Bio 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 Tevogen Bio - 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 Tevogen Bio Holdings to buy it.
The correlation of Tevogen Bio 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 Tevogen Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tevogen Bio 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 Tevogen Bio 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.Check out Tevogen Bio Correlation, Tevogen Bio Volatility and Tevogen Bio Alpha and Beta module to complement your research on Tevogen Bio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Tevogen Bio 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.