Chief Scientific Officer Andrew King Sells 1,168 Shares of Chinook Therapeutics Inc
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.
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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.
Return On Equity
Return On Equity Comparative Analysis
Chinook Therapeutics is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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 | 12.39 | ||||
ACLX | Arcellx | 8.69 | ||||
TVTX | Travere Therapeutics | 4.04 | ||||
GPCR | Structure Therapeutics | 2.38 | ||||
KALV | Kalvista Pharmaceuticals | 2.09 | ||||
KURA | Kura Oncology | 1.45 | ||||
SWTX | SpringWorks Therapeutics | 0.94 | ||||
CRNX | Crinetics Pharmaceuticals | 0.33 | ||||
DAWN | Day One | 0.65 | ||||
ASND | Ascendis Pharma | 1.89 | ||||
NUVL | Nuvalent | 2.49 | ||||
VRDN | Viridian Therapeutics | 2.55 | ||||
PCVX | Vaxcyte | 2.90 | ||||
RNA | Avidity Biosciences | 4.02 | ||||
VTYX | Ventyx Biosciences | 5.97 | ||||
RVMD | Revolution Medicines | 10.46 |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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