By analyzing existing forward indicators between Anixa Biosciences and HIGH-YIELD, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in HIGH-YIELD with a short position in Anixa Biosciences. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets.
One of the ways to look at asset utilization of Anixa is to check how much profit was generated for every dollar of assets it reports. Anixa Biosciences shows a negative utilization of assets of -25.75 percent, losing $0.26 for each dollar of assets held by the firm. Inadequate asset utilization signifies that the company is being less effective with each dollar of assets it shows. Put another way, asset utilization of Anixa Biosciences shows how discouraging it operates for each dollar spent on its assets.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Anixa or Cue is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
How important is Anixa Biosciences's Liquidity
Anixa Biosciences
financial leverage refers to using borrowed capital as a funding source to finance Anixa Biosciences ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Anixa Biosciences financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Anixa Biosciences' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Anixa Biosciences' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Anixa Biosciences's total debt and its cash.
Correlation Between Anixa and Cue Biopharma
In general, Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Anixa Biosciences together with similar or unrelated positions with a negative correlation. For example, you can also add Cue Biopharma to your portfolio. If Cue Biopharma is not perfectly correlated to Anixa Biosciences it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Anixa Biosciences, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Anixa Biosciences and Cue Biopharma in your portfolio? Please note if you are using this as a pair-trade strategy between Anixa Biosciences and Cue Biopharma, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between ANIX and CUE for more information.
Anixa Biosciences has 98 percent chance to finish above USD3.85 in January
The maximum drawdown is down to 19.01 as of today.
As of the 28th of December, Anixa Biosciences shows the
mean deviation of 3.24, and Risk Adjusted Performance of
(0.1). Anixa Biosciences
technical analysis gives you the methodology to make use of
historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen
technical drivers for Anixa Biosciences, which can be compared to its rivals. Please confirm
Anixa Biosciences semi deviation,
jensen alpha, as well as the
relationship between the Jensen Alpha and
semi variance to decide if Anixa Biosciences is priced correctly, providing market reflects its regular price of 3.93 per share. Given that Anixa Biosciences has
jensen alpha of
(0.42), we suggest you to validate Anixa Biosciences's prevailing market performance to make sure the company can sustain itself at a future point.
Our Final Take On Anixa Biosciences
While some other entities in the biotechnology industry are either recovering or due for a correction, Anixa may not be as strong as the others in terms of longer-term growth potentials. The bottom line, as of the 28th of December 2022, our primary 90 days buy-or-sell advice on the company is
Hold. We believe Anixa Biosciences is
undervalued with
close to average odds of financial distress for the next two years.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Anixa Biosciences. Please refer to our
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