Chinook Therapeutics earnings missed by 0.06, revenue topped estimates

KDNYDelisted Stock  USD 39.25  0.20  0.51%   
Slightly above 53% of Chinook Therapeutics' investor base is interested to short. The analysis of current outlook of investing in Chinook Therapeutics suggests that many traders are impartial regarding Chinook Therapeutics' prospects. Chinook Therapeutics' investing sentiment can be driven by a variety of factors including economic data, Chinook Therapeutics' earnings reports, geopolitical events, and overall market trends.
  
Chinook Therapeutics earnings missed by 0.06, revenue topped estimates

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Chinook Therapeutics Fundamental Analysis

We analyze Chinook Therapeutics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chinook Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chinook Therapeutics 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.

Z Score

Z Score Comparative Analysis

Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Chinook Therapeutics 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 Chinook Therapeutics stock to make a market-neutral strategy. Peer analysis of Chinook Therapeutics could also be used in its relative valuation, which is a method of valuing Chinook Therapeutics by comparing valuation metrics with similar companies.

Peers

Chinook Therapeutics Related Equities

PLRXPliant Therapeutics   2.00   
0%
100.0%
DAWNDay One   1.53   
0%
76.0%
VTYXVentyx Biosciences   1.13   
0%
56.0%
TVTXTravere Therapeutics   0.59   
0%
29.0%
PCVXVaxcyte   0.38   
0%
19.0%
NUVLNuvalent   0.08   
4.0%
0%
ASNDAscendis Pharma   0.18   
9.0%
0%
KALVKalvista Pharmaceuticals   0.30   
15.0%
0%
SWTXSpringWorks Therapeutics   0.60   
30.0%
0%
RNAAvidity Biosciences   0.69   
34.0%
0%
CRNXCrinetics Pharmaceuticals   0.81   
40.0%
0%
ACLXArcellx   1.12   
56.0%
0%
KURAKura Oncology   1.16   
57.0%
0%
RVMDRevolution Medicines   1.25   
62.0%
0%
VRDNViridian Therapeutics   1.46   
73.0%
0%
GPCRStructure Therapeutics   1.78   
89.0%
0%
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Other Consideration for investing in Chinook Stock

If you are still planning to invest in Chinook Therapeutics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Chinook Therapeutics' history and understand the potential risks before investing.
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