Accuray Incorporated Stock Market Value
| ARAY Stock | USD 2.24 0.06 2.61% |
| Symbol | Accuray |
Accuray Incorporated Price To Book Ratio
Is Health Care Equipment & Supplies 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 Accuray Incorporated. If investors know Accuray 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 Accuray Incorporated 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 (0.96) | Earnings Share (0.17) | Revenue Per Share | Quarterly Revenue Growth 0.168 | Return On Assets |
The market value of Accuray Incorporated is measured differently than its book value, which is the value of Accuray that is recorded on the company's balance sheet. Investors also form their own opinion of Accuray Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Accuray Incorporated'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 Accuray Incorporated's market value can be influenced by many factors that don't directly affect Accuray Incorporated'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 Accuray Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accuray Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accuray Incorporated'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.
Accuray Incorporated '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 Accuray Incorporated'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 Accuray Incorporated.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Accuray Incorporated on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Accuray Incorporated or generate 0.0% return on investment in Accuray Incorporated over 30 days. Accuray Incorporated is related to or competes with SurModics, Axogen, Bioventus, Cutera, Paragon 28, Orthofix Medical, and Si Bone. Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treat... More
Accuray Incorporated 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 Accuray Incorporated'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 Accuray Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.13 | |||
| Information Ratio | 0.0928 | |||
| Maximum Drawdown | 15.81 | |||
| Value At Risk | (6.28) | |||
| Potential Upside | 6.86 |
Accuray Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accuray Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accuray Incorporated's standard deviation. In reality, there are many statistical measures that can use Accuray Incorporated historical prices to predict the future Accuray Incorporated's volatility.| Risk Adjusted Performance | 0.0915 | |||
| Jensen Alpha | 0.3751 | |||
| Total Risk Alpha | 0.309 | |||
| Sortino Ratio | 0.0938 | |||
| Treynor Ratio | 0.2483 |
Accuray Incorporated Backtested Returns
Accuray Incorporated appears to be very risky, given 3 months investment horizon. Accuray Incorporated secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Accuray Incorporated, which you can use to evaluate the volatility of the firm. Please makes use of Accuray Incorporated's mean deviation of 3.39, and Risk Adjusted Performance of 0.0915 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Accuray Incorporated holds a performance score of 8. The firm shows a Beta (market volatility) of 1.64, 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, Accuray Incorporated will likely underperform. Please check Accuray Incorporated's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Accuray Incorporated's price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Accuray Incorporated has below average predictability. Overlapping area represents the amount of predictability between Accuray Incorporated time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Accuray Incorporated price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Accuray Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Accuray Incorporated lagged returns against current returns
Autocorrelation, which is Accuray Incorporated 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 Accuray Incorporated's stock expected returns. We can calculate the autocorrelation of Accuray Incorporated returns to help us make a trade decision. For example, suppose you find that Accuray Incorporated 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 |
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Accuray Incorporated 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 Accuray Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accuray Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accuray Incorporated stock over time.
Current vs Lagged Prices |
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Accuray Incorporated Lagged Returns
When evaluating Accuray Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accuray Incorporated stock have on its future price. Accuray Incorporated 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, Accuray Incorporated autocorrelation shows the relationship between Accuray Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Accuray Incorporated.
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 Accuray Stock Analysis
When running Accuray Incorporated's price analysis, check to measure Accuray Incorporated'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 Accuray Incorporated is operating at the current time. Most of Accuray Incorporated's value examination focuses on studying past and present price action to predict the probability of Accuray Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accuray Incorporated's price. Additionally, you may evaluate how the addition of Accuray Incorporated to your portfolios can decrease your overall portfolio volatility.