Acurx Pharmaceuticals Llc Stock Market Value
| ACXP Stock | USD 1.35 0.05 3.85% |
| Symbol | Acurx |
Acurx Pharmaceuticals LLC 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 Acurx Pharmaceuticals. If investors know Acurx 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 Acurx Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.09) | Return On Assets (1.32) | Return On Equity (3.47) |
The market value of Acurx Pharmaceuticals LLC is measured differently than its book value, which is the value of Acurx that is recorded on the company's balance sheet. Investors also form their own opinion of Acurx Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Acurx Pharmaceuticals' 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 Acurx Pharmaceuticals' market value can be influenced by many factors that don't directly affect Acurx Pharmaceuticals' 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 Acurx Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Acurx Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acurx Pharmaceuticals' 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.
Acurx Pharmaceuticals '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 Acurx Pharmaceuticals' 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 Acurx Pharmaceuticals.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Acurx Pharmaceuticals on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Acurx Pharmaceuticals LLC or generate 0.0% return on investment in Acurx Pharmaceuticals over 720 days. Acurx Pharmaceuticals is related to or competes with Aerovate Therapeutics, Adagene, Acrivon Therapeutics,, Rezolute, AN2 Therapeutics, Anebulo Pharmaceuticals, and Mineralys Therapeutics,. Acurx Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, develops antibiotics to treat bacterial infecti... More
Acurx Pharmaceuticals 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 Acurx Pharmaceuticals' 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 Acurx Pharmaceuticals LLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 28.75 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 2.82 |
Acurx Pharmaceuticals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acurx Pharmaceuticals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acurx Pharmaceuticals' standard deviation. In reality, there are many statistical measures that can use Acurx Pharmaceuticals historical prices to predict the future Acurx Pharmaceuticals' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (1.27) | |||
| Treynor Ratio | (1.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Acurx Pharmaceuticals' 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.
Acurx Pharmaceuticals LLC Backtested Returns
Acurx Pharmaceuticals LLC secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Acurx Pharmaceuticals LLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acurx Pharmaceuticals' Standard Deviation of 3.36, mean deviation of 1.98, and Risk Adjusted Performance of (0.18) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Acurx Pharmaceuticals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Acurx Pharmaceuticals is expected to be smaller as well. At this point, Acurx Pharmaceuticals LLC has a negative expected return of -0.7%. Please make sure to confirm Acurx Pharmaceuticals' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Acurx Pharmaceuticals LLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Acurx Pharmaceuticals LLC has average predictability. Overlapping area represents the amount of predictability between Acurx Pharmaceuticals time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Acurx Pharmaceuticals LLC price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Acurx Pharmaceuticals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Acurx Pharmaceuticals LLC lagged returns against current returns
Autocorrelation, which is Acurx Pharmaceuticals 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 Acurx Pharmaceuticals' stock expected returns. We can calculate the autocorrelation of Acurx Pharmaceuticals returns to help us make a trade decision. For example, suppose you find that Acurx Pharmaceuticals 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 |
Acurx Pharmaceuticals 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 Acurx Pharmaceuticals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acurx Pharmaceuticals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acurx Pharmaceuticals stock over time.
Current vs Lagged Prices |
| Timeline |
Acurx Pharmaceuticals Lagged Returns
When evaluating Acurx Pharmaceuticals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acurx Pharmaceuticals stock have on its future price. Acurx Pharmaceuticals 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, Acurx Pharmaceuticals autocorrelation shows the relationship between Acurx Pharmaceuticals stock current value and its past values and can show if there is a momentum factor associated with investing in Acurx Pharmaceuticals LLC.
Regressed Prices |
| Timeline |
Pair Trading with Acurx Pharmaceuticals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Acurx Pharmaceuticals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Acurx Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.Moving together with Acurx Stock
Moving against Acurx Stock
| 0.5 | RNXT | RenovoRx | PairCorr |
| 0.48 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.31 | KEP | Korea Electric Power | PairCorr |
The ability to find closely correlated positions to Acurx Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acurx Pharmaceuticals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acurx Pharmaceuticals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acurx Pharmaceuticals LLC to buy it.
The correlation of Acurx Pharmaceuticals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acurx Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acurx Pharmaceuticals LLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Acurx Pharmaceuticals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Acurx Stock Analysis
When running Acurx Pharmaceuticals' price analysis, check to measure Acurx Pharmaceuticals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Acurx Pharmaceuticals is operating at the current time. Most of Acurx Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Acurx Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acurx Pharmaceuticals' price. Additionally, you may evaluate how the addition of Acurx Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.