Muddy Waters takes short position in drugmaker Chinook - report
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 |
Shortseller Muddy Waters said on Tuesday it had taken a short position in the stock of the pharmaceutical company, Chinook Therapeutics Inc .
Read at reuters.com
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.
Price To Sales
Price To Sales Comparative Analysis
Chinook Therapeutics is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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
PLRX | Pliant Therapeutics | 2.00 | ||||
DAWN | Day One | 1.53 | ||||
VTYX | Ventyx Biosciences | 1.13 | ||||
TVTX | Travere Therapeutics | 0.59 | ||||
PCVX | Vaxcyte | 0.38 | ||||
NUVL | Nuvalent | 0.08 | ||||
ASND | Ascendis Pharma | 0.18 | ||||
KALV | Kalvista Pharmaceuticals | 0.30 | ||||
SWTX | SpringWorks Therapeutics | 0.60 | ||||
RNA | Avidity Biosciences | 0.69 | ||||
CRNX | Crinetics Pharmaceuticals | 0.81 | ||||
ACLX | Arcellx | 1.12 | ||||
KURA | Kura Oncology | 1.16 | ||||
RVMD | Revolution Medicines | 1.25 | ||||
VRDN | Viridian Therapeutics | 1.46 | ||||
GPCR | Structure Therapeutics | 1.78 |
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. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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