Aldeyra Stock Market Value
| ALDX Stock | USD 4.80 0.17 3.42% |
| Symbol | Aldeyra |
Aldeyra 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 Aldeyra. If investors know Aldeyra 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 Aldeyra listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Return On Assets (0.23) | Return On Equity (0.43) |
The market value of Aldeyra is measured differently than its book value, which is the value of Aldeyra that is recorded on the company's balance sheet. Investors also form their own opinion of Aldeyra's value that differs from its market value or its book value, called intrinsic value, which is Aldeyra'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 Aldeyra's market value can be influenced by many factors that don't directly affect Aldeyra'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 Aldeyra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aldeyra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aldeyra'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.
Aldeyra '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 Aldeyra'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 Aldeyra.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aldeyra on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aldeyra or generate 0.0% return on investment in Aldeyra over 90 days. Aldeyra is related to or competes with Tarsus Pharmaceuticals, Travere Therapeutics, Eton Pharmaceuticals, Viridian Therapeutics, Terns Pharmaceuticals, Structure Therapeutics, and Blueprint Medicines. Aldeyra Therapeutics, Inc., a biotechnology company, develops and commercializes medicines for immune-mediated ocular an... More
Aldeyra 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 Aldeyra'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 Aldeyra upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 22.45 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.69 |
Aldeyra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aldeyra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aldeyra's standard deviation. In reality, there are many statistical measures that can use Aldeyra historical prices to predict the future Aldeyra's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aldeyra'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.
Aldeyra Backtested Returns
Aldeyra secures Sharpe Ratio (or Efficiency) of -0.0273, which signifies that the company had a -0.0273% return per unit of standard deviation over the last 3 months. Aldeyra exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aldeyra's risk adjusted performance of (0.02), and Mean Deviation of 2.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.68, 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, Aldeyra will likely underperform. At this point, Aldeyra has a negative expected return of -0.1%. Please make sure to confirm Aldeyra's skewness, and the relationship between the total risk alpha and day median price , to decide if Aldeyra performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Aldeyra has good predictability. Overlapping area represents the amount of predictability between Aldeyra time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Aldeyra price movement. The serial correlation of 0.71 indicates that around 71.0% of current Aldeyra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Aldeyra lagged returns against current returns
Autocorrelation, which is Aldeyra 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 Aldeyra's stock expected returns. We can calculate the autocorrelation of Aldeyra returns to help us make a trade decision. For example, suppose you find that Aldeyra 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 |
Aldeyra 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 Aldeyra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aldeyra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aldeyra stock over time.
Current vs Lagged Prices |
| Timeline |
Aldeyra Lagged Returns
When evaluating Aldeyra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aldeyra stock have on its future price. Aldeyra 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, Aldeyra autocorrelation shows the relationship between Aldeyra stock current value and its past values and can show if there is a momentum factor associated with investing in Aldeyra.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Aldeyra Stock Analysis
When running Aldeyra's price analysis, check to measure Aldeyra's 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 Aldeyra is operating at the current time. Most of Aldeyra's value examination focuses on studying past and present price action to predict the probability of Aldeyra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldeyra's price. Additionally, you may evaluate how the addition of Aldeyra to your portfolios can decrease your overall portfolio volatility.