Alvotech Stock Market Value
| ALVO Stock | USD 11.99 0.45 3.62% |
| Symbol | Alvotech |
Alvotech 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 Alvotech. If investors know Alvotech 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 Alvotech 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 (0.70) | Earnings Share (1.85) | Revenue Per Share 1.283 | Quarterly Revenue Growth 43.997 | Return On Assets (0.08) |
The market value of Alvotech is measured differently than its book value, which is the value of Alvotech that is recorded on the company's balance sheet. Investors also form their own opinion of Alvotech's value that differs from its market value or its book value, called intrinsic value, which is Alvotech'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 Alvotech's market value can be influenced by many factors that don't directly affect Alvotech'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 Alvotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alvotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alvotech'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.
Alvotech '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 Alvotech'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 Alvotech.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Alvotech on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Alvotech or generate 0.0% return on investment in Alvotech over 360 days. Alvotech is related to or competes with Eliem Therapeutics, HCW Biologics, Scpharmaceuticals, Milestone Pharmaceuticals, Seres Therapeutics, and Lumos Pharma. Alvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide More
Alvotech 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 Alvotech'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 Alvotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.63 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.15 |
Alvotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alvotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alvotech's standard deviation. In reality, there are many statistical measures that can use Alvotech historical prices to predict the future Alvotech's volatility.| Risk Adjusted Performance | 0.0129 | |||
| Jensen Alpha | 0.0321 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alvotech'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.
Alvotech Backtested Returns
As of now, Alvotech Stock is not too volatile. Alvotech secures Sharpe Ratio (or Efficiency) of 0.0268, which signifies that the company had a 0.0268% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alvotech, which you can use to evaluate the volatility of the firm. Please confirm Alvotech's Mean Deviation of 1.17, risk adjusted performance of 0.0129, and Downside Deviation of 1.75 to double-check if the risk estimate we provide is consistent with the expected return of 0.0449%. Alvotech has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alvotech are expected to decrease at a much lower rate. During the bear market, Alvotech is likely to outperform the market. Alvotech right now shows a risk of 1.68%. Please confirm Alvotech skewness, and the relationship between the value at risk and day median price , to decide if Alvotech will be following its price patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Alvotech has very good reverse predictability. Overlapping area represents the amount of predictability between Alvotech time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Alvotech price movement. The serial correlation of -0.68 indicates that around 68.0% of current Alvotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Alvotech lagged returns against current returns
Autocorrelation, which is Alvotech 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 Alvotech's stock expected returns. We can calculate the autocorrelation of Alvotech returns to help us make a trade decision. For example, suppose you find that Alvotech 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 |
Alvotech 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 Alvotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alvotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alvotech stock over time.
Current vs Lagged Prices |
| Timeline |
Alvotech Lagged Returns
When evaluating Alvotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alvotech stock have on its future price. Alvotech 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, Alvotech autocorrelation shows the relationship between Alvotech stock current value and its past values and can show if there is a momentum factor associated with investing in Alvotech.
Regressed Prices |
| Timeline |
Pair Trading with Alvotech
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 Alvotech 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 Alvotech will appreciate offsetting losses from the drop in the long position's value.Moving against Alvotech Stock
| 0.75 | NKTX | Nkarta Inc | PairCorr |
| 0.66 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.6 | CYRX | Cryoport | PairCorr |
| 0.57 | TPST | Tempest Therapeutics | PairCorr |
| 0.55 | MTEM | Molecular Templates | PairCorr |
The ability to find closely correlated positions to Alvotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alvotech 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 Alvotech - 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 Alvotech to buy it.
The correlation of Alvotech 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 Alvotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alvotech 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 Alvotech 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 Alvotech Correlation, Alvotech Volatility and Alvotech Alpha and Beta module to complement your research on Alvotech. To learn how to invest in Alvotech Stock, please use our How to Invest in Alvotech guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Alvotech 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.