Annexon Stock Market Value
| ANNX Stock | USD 5.14 0.03 0.58% |
| Symbol | Annexon |
Annexon 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 Annexon. If investors know Annexon 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 Annexon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.03) | Return On Assets (0.25) | Return On Equity (0.42) |
The market value of Annexon is measured differently than its book value, which is the value of Annexon that is recorded on the company's balance sheet. Investors also form their own opinion of Annexon's value that differs from its market value or its book value, called intrinsic value, which is Annexon'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 Annexon's market value can be influenced by many factors that don't directly affect Annexon'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 Annexon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Annexon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Annexon'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.
Annexon '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 Annexon'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 Annexon.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Annexon on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Annexon or generate 0.0% return on investment in Annexon over 30 days. Annexon is related to or competes with Immix Biopharma, Cns Pharmaceuticals, Hepion Pharmaceuticals, Day One, Acumen Pharmaceuticals, X4 Pharmaceuticals, and Inozyme Pharma. Annexon, Inc., a clinical-stage biopharmaceutical company, discovers and develops therapeutics for autoimmune, neurodege... More
Annexon 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 Annexon'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 Annexon upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.0 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.98 |
Annexon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Annexon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Annexon's standard deviation. In reality, there are many statistical measures that can use Annexon historical prices to predict the future Annexon's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.08) |
Annexon Backtested Returns
Annexon secures Sharpe Ratio (or Efficiency) of -0.0551, which signifies that the company had a -0.0551% return per unit of risk over the last 3 months. Annexon exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Annexon's Standard Deviation of 3.68, mean deviation of 2.6, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.89, 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, Annexon will likely underperform. At this point, Annexon has a negative expected return of -0.2%. Please make sure to confirm Annexon's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Annexon performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Annexon has modest predictability. Overlapping area represents the amount of predictability between Annexon time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 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 Annexon price movement. The serial correlation of 0.54 indicates that about 54.0% of current Annexon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Annexon lagged returns against current returns
Autocorrelation, which is Annexon 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 Annexon's stock expected returns. We can calculate the autocorrelation of Annexon returns to help us make a trade decision. For example, suppose you find that Annexon 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 |
Annexon 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 Annexon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Annexon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Annexon stock over time.
Current vs Lagged Prices |
| Timeline |
Annexon Lagged Returns
When evaluating Annexon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Annexon stock have on its future price. Annexon 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, Annexon autocorrelation shows the relationship between Annexon stock current value and its past values and can show if there is a momentum factor associated with investing in Annexon.
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 Annexon Stock Analysis
When running Annexon's price analysis, check to measure Annexon'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 Annexon is operating at the current time. Most of Annexon's value examination focuses on studying past and present price action to predict the probability of Annexon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Annexon's price. Additionally, you may evaluate how the addition of Annexon to your portfolios can decrease your overall portfolio volatility.