Agenus Inc Stock Market Value
| AGEN Stock | USD 3.34 0.48 16.78% |
| Symbol | Agenus |
Agenus Inc 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 Agenus. If investors know Agenus 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 Agenus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (11.02) | Revenue Per Share 7.808 | Quarterly Revenue Growth 0.033 | Return On Assets (0.22) | Return On Equity (12.79) |
The market value of Agenus Inc is measured differently than its book value, which is the value of Agenus that is recorded on the company's balance sheet. Investors also form their own opinion of Agenus' value that differs from its market value or its book value, called intrinsic value, which is Agenus' 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 Agenus' market value can be influenced by many factors that don't directly affect Agenus' 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 Agenus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Agenus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agenus' 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.
Agenus '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 Agenus' 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 Agenus.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Agenus on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Agenus Inc or generate 0.0% return on investment in Agenus over 30 days. Agenus is related to or competes with Marker Therapeutics, Edgewise Therapeutics, Adaptimmune Therapeutics, Mereo BioPharma, Pieris Pharmaceuticals, PDS Biotechnology, and Leap Therapeutics. Agenus Inc., a clinical-stage immuno-oncology company, discovers and develops immuno-oncology products in the United Sta... More
Agenus 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 Agenus' 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 Agenus Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 27.05 | |||
| Value At Risk | (8.60) | |||
| Potential Upside | 6.59 |
Agenus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Agenus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Agenus' standard deviation. In reality, there are many statistical measures that can use Agenus historical prices to predict the future Agenus' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.00) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Agenus' 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.
Agenus Inc Backtested Returns
Agenus Inc secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Agenus Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Agenus' risk adjusted performance of (0.08), and Mean Deviation of 3.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.17, 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, Agenus will likely underperform. At this point, Agenus Inc has a negative expected return of -0.68%. Please make sure to confirm Agenus' jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Agenus Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Agenus Inc has weak predictability. Overlapping area represents the amount of predictability between Agenus time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Agenus Inc price movement. The serial correlation of 0.2 indicates that over 20.0% of current Agenus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Agenus Inc lagged returns against current returns
Autocorrelation, which is Agenus 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 Agenus' stock expected returns. We can calculate the autocorrelation of Agenus returns to help us make a trade decision. For example, suppose you find that Agenus 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 |
Agenus 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 Agenus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Agenus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Agenus stock over time.
Current vs Lagged Prices |
| Timeline |
Agenus Lagged Returns
When evaluating Agenus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Agenus stock have on its future price. Agenus 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, Agenus autocorrelation shows the relationship between Agenus stock current value and its past values and can show if there is a momentum factor associated with investing in Agenus Inc.
Regressed Prices |
| Timeline |
Pair Trading with Agenus
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 Agenus 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 Agenus will appreciate offsetting losses from the drop in the long position's value.Moving together with Agenus Stock
| 0.86 | ME | 23Andme Holding | PairCorr |
| 0.76 | VALN | Valneva SE ADR | PairCorr |
| 0.85 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Agenus Stock
| 0.59 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.54 | KZR | Kezar Life Sciences | PairCorr |
| 0.37 | RNXT | RenovoRx | PairCorr |
| 0.34 | MLYS | Mineralys Therapeutics, | PairCorr |
The ability to find closely correlated positions to Agenus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agenus 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 Agenus - 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 Agenus Inc to buy it.
The correlation of Agenus 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 Agenus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agenus Inc 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 Agenus 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.Check out Agenus Correlation, Agenus Volatility and Agenus Alpha and Beta module to complement your research on Agenus. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Agenus 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.