Axogen Inc Stock Market Value
| AXGN Stock | USD 18.09 0.34 1.84% |
| Symbol | Axogen |
Axogen Inc 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 Axogen. If investors know Axogen 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 Axogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share | Quarterly Revenue Growth 0.179 | Return On Assets | Return On Equity |
The market value of Axogen Inc is measured differently than its book value, which is the value of Axogen that is recorded on the company's balance sheet. Investors also form their own opinion of Axogen's value that differs from its market value or its book value, called intrinsic value, which is Axogen'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 Axogen's market value can be influenced by many factors that don't directly affect Axogen'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 Axogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axogen'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.
Axogen '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 Axogen'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 Axogen.
| 10/20/2024 |
| 01/18/2025 |
If you would invest 0.00 in Axogen on October 20, 2024 and sell it all today you would earn a total of 0.00 from holding Axogen Inc or generate 0.0% return on investment in Axogen over 90 days. Axogen is related to or competes with Anika Therapeutics, Orthofix Medical, SurModics, Paragon 28, Artivion, Pulmonx Corp, and Electromed. AxoGen, Inc., together with its subsidiaries, develops and markets surgical solutions for physical damage or transection... More
Axogen 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 Axogen'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 Axogen Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.25 | |||
| Information Ratio | 0.098 | |||
| Maximum Drawdown | 19.97 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 5.35 |
Axogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axogen's standard deviation. In reality, there are many statistical measures that can use Axogen historical prices to predict the future Axogen's volatility.| Risk Adjusted Performance | 0.0912 | |||
| Jensen Alpha | 0.4243 | |||
| Total Risk Alpha | 0.4436 | |||
| Sortino Ratio | 0.101 | |||
| Treynor Ratio | (1.43) |
Axogen Inc Backtested Returns
Axogen appears to be somewhat reliable, given 3 months investment horizon. Axogen Inc secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Axogen's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Axogen's Downside Deviation of 4.25, risk adjusted performance of 0.0912, and Mean Deviation of 2.82 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Axogen holds a performance score of 11. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Axogen are expected to decrease at a much lower rate. During the bear market, Axogen is likely to outperform the market. Please check Axogen's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Axogen's price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Axogen Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Axogen time series from 20th of October 2024 to 4th of December 2024 and 4th of December 2024 to 18th 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 Axogen Inc price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Axogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
Axogen Inc lagged returns against current returns
Autocorrelation, which is Axogen 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 Axogen's stock expected returns. We can calculate the autocorrelation of Axogen returns to help us make a trade decision. For example, suppose you find that Axogen 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 |
Axogen 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 Axogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axogen stock over time.
Current vs Lagged Prices |
| Timeline |
Axogen Lagged Returns
When evaluating Axogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axogen stock have on its future price. Axogen 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, Axogen autocorrelation shows the relationship between Axogen stock current value and its past values and can show if there is a momentum factor associated with investing in Axogen Inc.
Regressed Prices |
| Timeline |
Pair Trading with Axogen
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 Axogen 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 Axogen will appreciate offsetting losses from the drop in the long position's value.Moving against Axogen Stock
| 0.7 | ENSG | Ensign Group | PairCorr |
| 0.63 | CI | Cigna Corp | PairCorr |
| 0.58 | EDAP | EDAP TMS SA | PairCorr |
| 0.45 | VNRX | Volitionrx | PairCorr |
| 0.42 | DH | Definitive Healthcare | PairCorr |
The ability to find closely correlated positions to Axogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axogen 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 Axogen - 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 Axogen Inc to buy it.
The correlation of Axogen 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 Axogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axogen Inc 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 Axogen 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 Axogen Correlation, Axogen Volatility and Axogen Alpha and Beta module to complement your research on Axogen. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Axogen 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.