Is Adagene Inc a Good Choice in Biotechnology Friday - InvestorsObserver
| ADAG Stock | USD 1.91 0.09 4.95% |
Roughly 55% of Adagene's stockholders are presently thinking to get in. The analysis of the overall investor sentiment regarding Adagene suggests that some traders are interested. The current market sentiment, together with Adagene's historical and current headlines, can help investors time the market. In addition, many technical investors use Adagene stock news signals to limit their universe of possible portfolio assets.
Is Adagene Inc a Good Choice in Biotechnology Friday InvestorsObserver
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Adagene Fundamental Analysis
We analyze Adagene's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Adagene using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Adagene based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Adagene is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Adagene Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Adagene stock to make a market-neutral strategy. Peer analysis of Adagene could also be used in its relative valuation, which is a method of valuing Adagene by comparing valuation metrics with similar companies.
Peers
Adagene Related Equities
| MOLN | Molecular Partners | 3.86 | ||||
| PMVP | Pmv Pharmaceuticals | 1.11 | ||||
| ANEB | Anebulo Pharmaceuticals | 0.89 | ||||
| ANTX | AN2 Therapeutics | 0.85 | ||||
| JANX | Janux Therapeutics | 0.04 | ||||
| RZLT | Rezolute | 0.26 | ||||
| ANAB | AnaptysBio | 1.52 | ||||
| MLYS | Mineralys Therapeutics, | 2.21 | ||||
| ACRV | Acrivon Therapeutics, | 5.98 |
Complementary Tools for Adagene Stock analysis
When running Adagene's price analysis, check to measure Adagene'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 Adagene is operating at the current time. Most of Adagene's value examination focuses on studying past and present price action to predict the probability of Adagene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adagene's price. Additionally, you may evaluate how the addition of Adagene to your portfolios can decrease your overall portfolio volatility.
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