Beyond Air Stock Market Value
| XAIR Stock | USD 0.47 0.01 1.06% |
| Symbol | Beyond |
Beyond Air Price To Book Ratio
Is Health Care Equipment & Supplies 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 Beyond Air. If investors know Beyond 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 Beyond Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.41) | Revenue Per Share 0.048 | Quarterly Revenue Growth 10.576 | Return On Assets (0.63) | Return On Equity (2.19) |
The market value of Beyond Air is measured differently than its book value, which is the value of Beyond that is recorded on the company's balance sheet. Investors also form their own opinion of Beyond Air's value that differs from its market value or its book value, called intrinsic value, which is Beyond Air'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 Beyond Air's market value can be influenced by many factors that don't directly affect Beyond Air'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 Beyond Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beyond Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beyond Air'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.
Beyond Air '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 Beyond Air'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 Beyond Air.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Beyond Air on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Beyond Air or generate 0.0% return on investment in Beyond Air over 30 days. Beyond Air is related to or competes with Lucid Diagnostics, Inari Medical, Clearpoint Neuro, Avita Medical, Sight Sciences, Treace Medical, and Cytek Biosciences. Beyond Air, Inc. operates as a commercial medical device and biopharmaceutical company More
Beyond Air 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 Beyond Air'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 Beyond Air upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.1 | |||
| Information Ratio | 0.0622 | |||
| Maximum Drawdown | 36.74 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 10.53 |
Beyond Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beyond Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beyond Air's standard deviation. In reality, there are many statistical measures that can use Beyond Air historical prices to predict the future Beyond Air's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | 0.5273 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0591 | |||
| Treynor Ratio | 1.24 |
Beyond Air Backtested Returns
Beyond Air appears to be very risky, given 3 months investment horizon. Beyond Air secures Sharpe Ratio (or Efficiency) of 0.0763, which signifies that the company had a 0.0763% return per unit of risk over the last 3 months. By analyzing Beyond Air's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Beyond Air's Risk Adjusted Performance of 0.0636, mean deviation of 6.13, and Downside Deviation of 8.1 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beyond Air holds a performance score of 6. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Beyond Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beyond Air is expected to be smaller as well. Please check Beyond Air's expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Beyond Air's price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Beyond Air has weak reverse predictability. Overlapping area represents the amount of predictability between Beyond Air time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Beyond Air price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Beyond Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Beyond Air lagged returns against current returns
Autocorrelation, which is Beyond Air 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 Beyond Air's stock expected returns. We can calculate the autocorrelation of Beyond Air returns to help us make a trade decision. For example, suppose you find that Beyond Air 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 |
Beyond Air 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 Beyond Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beyond Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beyond Air stock over time.
Current vs Lagged Prices |
| Timeline |
Beyond Air Lagged Returns
When evaluating Beyond Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beyond Air stock have on its future price. Beyond Air 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, Beyond Air autocorrelation shows the relationship between Beyond Air stock current value and its past values and can show if there is a momentum factor associated with investing in Beyond Air.
Regressed Prices |
| Timeline |
Pair Trading with Beyond Air
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 Beyond Air 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 Beyond Air will appreciate offsetting losses from the drop in the long position's value.Moving together with Beyond Stock
Moving against Beyond Stock
| 0.73 | DRIO | DarioHealth Corp | PairCorr |
| 0.65 | VERO | Venus Concept | PairCorr |
| 0.49 | CI | Cigna Corp | PairCorr |
| 0.42 | EDAP | EDAP TMS SA | PairCorr |
The ability to find closely correlated positions to Beyond Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beyond Air 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 Beyond Air - 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 Beyond Air to buy it.
The correlation of Beyond Air 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 Beyond Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beyond Air 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 Beyond Air 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 Beyond Stock Analysis
When running Beyond Air's price analysis, check to measure Beyond Air'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 Beyond Air is operating at the current time. Most of Beyond Air's value examination focuses on studying past and present price action to predict the probability of Beyond Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beyond Air's price. Additionally, you may evaluate how the addition of Beyond Air to your portfolios can decrease your overall portfolio volatility.