Alector Stock Market Value
| ALEC Stock | USD 3.96 0.02 0.51% |
| Symbol | Alector |
Alector 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 Alector. If investors know Alector 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 Alector listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.86) | Earnings Share (1.71) | Revenue Per Share 0.661 | Quarterly Revenue Growth 0.684 | Return On Assets (0.19) |
The market value of Alector is measured differently than its book value, which is the value of Alector that is recorded on the company's balance sheet. Investors also form their own opinion of Alector's value that differs from its market value or its book value, called intrinsic value, which is Alector'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 Alector's market value can be influenced by many factors that don't directly affect Alector'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 Alector's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alector is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alector'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.
Alector '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 Alector'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 Alector.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alector on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alector or generate 0.0% return on investment in Alector over 30 days. Alector is related to or competes with Eliem Therapeutics, HCW Biologics, Scpharmaceuticals, Milestone Pharmaceuticals, Seres Therapeutics, and Lumos Pharma. Alector, Inc., a clinical stage biopharmaceutical company, develops therapies for the treatment of neurodegeneration dis... More
Alector 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 Alector'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 Alector upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.6 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 8.66 |
Alector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alector's standard deviation. In reality, there are many statistical measures that can use Alector historical prices to predict the future Alector's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.09) | |||
| 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 Alector'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.
Alector Backtested Returns
Alector secures Sharpe Ratio (or Efficiency) of -0.052, which signifies that the company had a -0.052% return per unit of standard deviation over the last 3 months. Alector exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alector's mean deviation of 4.29, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.15, 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, Alector will likely underperform. At this point, Alector has a negative expected return of -0.28%. Please make sure to confirm Alector's coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Alector performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Alector has modest reverse predictability. Overlapping area represents the amount of predictability between Alector time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Alector price movement. The serial correlation of -0.46 indicates that about 46.0% of current Alector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Alector lagged returns against current returns
Autocorrelation, which is Alector 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 Alector's stock expected returns. We can calculate the autocorrelation of Alector returns to help us make a trade decision. For example, suppose you find that Alector 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 |
Alector 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 Alector stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alector stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alector stock over time.
Current vs Lagged Prices |
| Timeline |
Alector Lagged Returns
When evaluating Alector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alector stock have on its future price. Alector 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, Alector autocorrelation shows the relationship between Alector stock current value and its past values and can show if there is a momentum factor associated with investing in Alector.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Alector offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alector'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 Alector Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alector Stock:Check out Alector Correlation, Alector Volatility and Alector Alpha and Beta module to complement your research on Alector. For information on how to trade Alector Stock refer to our How to Trade Alector Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Alector 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.