Anixa Biosciences Stock Market Value
| ANIX Stock | USD 3.20 0.14 4.58% |
| Symbol | Anixa |
Anixa Biosciences 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 Anixa Biosciences. If investors know Anixa 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 Anixa Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.39) | Return On Assets (0.35) | Return On Equity (0.55) |
The market value of Anixa Biosciences is measured differently than its book value, which is the value of Anixa that is recorded on the company's balance sheet. Investors also form their own opinion of Anixa Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Anixa Biosciences' 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 Anixa Biosciences' market value can be influenced by many factors that don't directly affect Anixa Biosciences' 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 Anixa Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Anixa Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anixa Biosciences' 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.
Anixa Biosciences '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 Anixa Biosciences' 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 Anixa Biosciences.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Anixa Biosciences on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Anixa Biosciences or generate 0.0% return on investment in Anixa Biosciences over 720 days. Anixa Biosciences is related to or competes with Cue Biopharma, INmune Bio, In8bio, PolyPid, Tff Pharmaceuticals, Immunome, and Annovis Bio. Anixa Biosciences, Inc., a biotechnology company, develops therapies and vaccines focusing on critical unmet needs in on... More
Anixa Biosciences 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 Anixa Biosciences' 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 Anixa Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 31.27 | |||
| Value At Risk | (5.74) | |||
| Potential Upside | 6.29 |
Anixa Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anixa Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anixa Biosciences' standard deviation. In reality, there are many statistical measures that can use Anixa Biosciences historical prices to predict the future Anixa Biosciences' volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.115 |
Anixa Biosciences Backtested Returns
Anixa Biosciences secures Sharpe Ratio (or Efficiency) of -3.0E-4, which signifies that the company had a -3.0E-4% return per unit of risk over the last 3 months. Anixa Biosciences exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anixa Biosciences' Mean Deviation of 2.71, risk adjusted performance of 0.0278, and Downside Deviation of 3.35 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Anixa Biosciences returns are very sensitive to returns on the market. As the market goes up or down, Anixa Biosciences is expected to follow. At this point, Anixa Biosciences has a negative expected return of -0.0011%. Please make sure to confirm Anixa Biosciences' semi variance, and the relationship between the sortino ratio and rate of daily change , to decide if Anixa Biosciences performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Anixa Biosciences has modest predictability. Overlapping area represents the amount of predictability between Anixa Biosciences time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Anixa Biosciences price movement. The serial correlation of 0.5 indicates that about 50.0% of current Anixa Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Anixa Biosciences lagged returns against current returns
Autocorrelation, which is Anixa Biosciences 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 Anixa Biosciences' stock expected returns. We can calculate the autocorrelation of Anixa Biosciences returns to help us make a trade decision. For example, suppose you find that Anixa Biosciences 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 |
Anixa Biosciences 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 Anixa Biosciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anixa Biosciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anixa Biosciences stock over time.
Current vs Lagged Prices |
| Timeline |
Anixa Biosciences Lagged Returns
When evaluating Anixa Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anixa Biosciences stock have on its future price. Anixa Biosciences 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, Anixa Biosciences autocorrelation shows the relationship between Anixa Biosciences stock current value and its past values and can show if there is a momentum factor associated with investing in Anixa Biosciences.
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 Anixa Stock Analysis
When running Anixa Biosciences' price analysis, check to measure Anixa Biosciences' 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 Anixa Biosciences is operating at the current time. Most of Anixa Biosciences' value examination focuses on studying past and present price action to predict the probability of Anixa Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anixa Biosciences' price. Additionally, you may evaluate how the addition of Anixa Biosciences to your portfolios can decrease your overall portfolio volatility.