Amarin Plc Stock Market Value
| AMRN Stock | USD 0.50 0.03 5.66% |
| Symbol | Amarin |
Amarin PLC 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 Amarin PLC. If investors know Amarin 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 Amarin PLC 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 (0.94) | Earnings Share (0.10) | Revenue Per Share 0.588 | Quarterly Revenue Growth (0.36) | Return On Assets (0.03) |
The market value of Amarin PLC is measured differently than its book value, which is the value of Amarin that is recorded on the company's balance sheet. Investors also form their own opinion of Amarin PLC's value that differs from its market value or its book value, called intrinsic value, which is Amarin PLC'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 Amarin PLC's market value can be influenced by many factors that don't directly affect Amarin PLC'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 Amarin PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amarin PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amarin PLC'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.
Amarin PLC '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 Amarin PLC'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 Amarin PLC.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Amarin PLC on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Amarin PLC or generate 0.0% return on investment in Amarin PLC over 90 days. Amarin PLC is related to or competes with Scilex Holding, Biogen, Gilead Sciences, AstraZeneca PLC, Sanofi ADR, Novartis, and GlaxoSmithKline PLC. Amarin Corporation plc, a pharmaceutical company, engages in the development and commercialization of therapeutics for t... More
Amarin PLC 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 Amarin PLC'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 Amarin PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 17.39 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 5.0 |
Amarin PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amarin PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amarin PLC's standard deviation. In reality, there are many statistical measures that can use Amarin PLC historical prices to predict the future Amarin PLC's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.30) |
Amarin PLC Backtested Returns
Amarin PLC secures Sharpe Ratio (or Efficiency) of -0.0844, which signifies that the company had a -0.0844% return per unit of standard deviation over the last 3 months. Amarin PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amarin PLC's risk adjusted performance of (0.05), and Mean Deviation of 2.33 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amarin PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amarin PLC is expected to be smaller as well. At this point, Amarin PLC has a negative expected return of -0.26%. Please make sure to confirm Amarin PLC's information ratio, as well as the relationship between the potential upside and rate of daily change , to decide if Amarin PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Amarin PLC has virtually no predictability. Overlapping area represents the amount of predictability between Amarin PLC time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Amarin PLC price movement. The serial correlation of 0.01 indicates that just 1.0% of current Amarin PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amarin PLC lagged returns against current returns
Autocorrelation, which is Amarin PLC 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 Amarin PLC's stock expected returns. We can calculate the autocorrelation of Amarin PLC returns to help us make a trade decision. For example, suppose you find that Amarin PLC 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 |
Amarin PLC 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 Amarin PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amarin PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amarin PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Amarin PLC Lagged Returns
When evaluating Amarin PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amarin PLC stock have on its future price. Amarin PLC 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, Amarin PLC autocorrelation shows the relationship between Amarin PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Amarin PLC.
Regressed Prices |
| Timeline |
Pair Trading with Amarin PLC
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 Amarin PLC 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 Amarin PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Amarin Stock
| 0.62 | A | Agilent Technologies Sell-off Trend | PairCorr |
| 0.72 | ME | 23Andme Holding | PairCorr |
| 0.77 | VALN | Valneva SE ADR | PairCorr |
| 0.67 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Amarin Stock
The ability to find closely correlated positions to Amarin PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amarin PLC 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 Amarin PLC - 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 Amarin PLC to buy it.
The correlation of Amarin PLC 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 Amarin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amarin PLC 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 Amarin PLC 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 Amarin PLC Correlation, Amarin PLC Volatility and Amarin PLC Alpha and Beta module to complement your research on Amarin PLC. To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Amarin PLC 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.