Absci Corp Stock Market Value
| ABSI Stock | USD 2.75 0.08 2.83% |
| Symbol | Absci |
Absci Corp Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Absci Corp. If investors know Absci will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Absci Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.93) | Revenue Per Share 0.04 | Quarterly Revenue Growth 1.286 | Return On Assets (0.27) | Return On Equity (0.49) |
The market value of Absci Corp is measured differently than its book value, which is the value of Absci that is recorded on the company's balance sheet. Investors also form their own opinion of Absci Corp's value that differs from its market value or its book value, called intrinsic value, which is Absci Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Absci Corp's market value can be influenced by many factors that don't directly affect Absci Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Absci Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Absci Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absci Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Absci Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Absci Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Absci Corp.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Absci Corp on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Absci Corp or generate 0.0% return on investment in Absci Corp over 30 days. Absci Corp is related to or competes with Recursion Pharmaceuticals, Affimed NV, Sana Biotechnology, Relay Therapeutics, Exscientia, Zura Bio, and Elevation Oncology. Absci Corporation, a drug and target discovery company, provides biologic drug candidates and production cell lines usin... More
Absci Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Absci Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Absci Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 23.24 | |||
| Value At Risk | (9.32) | |||
| Potential Upside | 5.93 |
Absci Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absci Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Absci Corp's standard deviation. In reality, there are many statistical measures that can use Absci Corp historical prices to predict the future Absci Corp's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Absci Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Absci Corp Backtested Returns
Absci Corp secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Absci Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Absci Corp's Mean Deviation of 3.45, standard deviation of 4.74, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Absci Corp will likely underperform. At this point, Absci Corp has a negative expected return of -0.58%. Please make sure to confirm Absci Corp's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Absci Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Absci Corp has average predictability. Overlapping area represents the amount of predictability between Absci Corp time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Absci Corp price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Absci Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Absci Corp lagged returns against current returns
Autocorrelation, which is Absci Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Absci Corp's stock expected returns. We can calculate the autocorrelation of Absci Corp returns to help us make a trade decision. For example, suppose you find that Absci Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Absci Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Absci Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Absci Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Absci Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Absci Corp Lagged Returns
When evaluating Absci Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Absci Corp stock have on its future price. Absci Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Absci Corp autocorrelation shows the relationship between Absci Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Absci Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Absci Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Absci Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Absci Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Absci Corp Stock:Check out Absci Corp Correlation, Absci Corp Volatility and Absci Corp Alpha and Beta module to complement your research on Absci Corp. For more detail on how to invest in Absci Stock please use our How to Invest in Absci Corp guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Absci Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.