Sionna Common Stock from 2010 to 2026
| SION Stock | 39.11 0.26 0.67% |
Common Stock | First Reported 2010-12-31 | Previous Quarter 5.8 K | Current Value 3.3 K | Quarterly Volatility 1.1 K |
Check Sionna Therapeutics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sionna Therapeutics' main balance sheet or income statement drivers, such as Net Interest Income of 9.9 M, Interest Income of 9.9 M or Depreciation And Amortization of 503.4 K, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Days Sales Outstanding of 0.0. Sionna financial statements analysis is a perfect complement when working with Sionna Therapeutics Valuation or Volatility modules.
Sionna | Common Stock | Build AI portfolio with Sionna Stock |
Latest Sionna Therapeutics' Common Stock Growth Pattern
Below is the plot of the Common Stock of Sionna Therapeutics Common over the last few years. It is Sionna Therapeutics' Common Stock historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sionna Therapeutics' overall financial position and show how it may be relating to other accounts over time.
| Common Stock | 10 Years Trend |
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Common Stock |
| Timeline |
Sionna Common Stock Regression Statistics
| Arithmetic Mean | 2,474 | |
| Geometric Mean | 2,313 | |
| Coefficient Of Variation | 46.25 | |
| Mean Deviation | 779.93 | |
| Median | 2,000 | |
| Standard Deviation | 1,144 | |
| Sample Variance | 1.3M | |
| Range | 3.8K | |
| R-Value | 0.59 | |
| Mean Square Error | 908,029 | |
| R-Squared | 0.35 | |
| Significance | 0.01 | |
| Slope | 133.95 | |
| Total Sum of Squares | 20.9M |
Sionna Common Stock History
Other Fundumenentals of Sionna Therapeutics
Sionna Therapeutics Common Stock component correlations
Click cells to compare fundamentals
About Sionna Therapeutics Financial Statements
Sionna Therapeutics investors utilize fundamental indicators, such as Common Stock, to predict how Sionna Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 39.7 M | 35.3 M | |
| Common Stock | 5.8 K | 3.3 K |
Pair Trading with Sionna Therapeutics
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 Sionna Therapeutics 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 Sionna Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving together with Sionna Stock
Moving against Sionna Stock
| 0.74 | RAC | Race Oncology | PairCorr |
| 0.61 | AVH | Avita Medical | PairCorr |
| 0.56 | VALN | Valneva SE ADR | PairCorr |
| 0.53 | DRMA | Dermata Therapeutics | PairCorr |
| 0.34 | VANI | Vivani Medical | PairCorr |
The ability to find closely correlated positions to Sionna Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sionna Therapeutics 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 Sionna Therapeutics - 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 Sionna Therapeutics Common to buy it.
The correlation of Sionna Therapeutics 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 Sionna Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sionna Therapeutics 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 Sionna Therapeutics 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 the analysis of Sionna Therapeutics Correlation against competitors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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 Sionna Therapeutics. If investors know Sionna 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 Sionna Therapeutics 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 Sionna Therapeutics is measured differently than its book value, which is the value of Sionna that is recorded on the company's balance sheet. Investors also form their own opinion of Sionna Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Sionna Therapeutics' 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 Sionna Therapeutics' market value can be influenced by many factors that don't directly affect Sionna Therapeutics' 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 Sionna Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sionna Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sionna Therapeutics' 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.