Cargo Therapeutics, Common Stock Market Value
| CRGX Stock | 17.67 0.44 2.55% |
| Symbol | CARGO |
CARGO Therapeutics, 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 CARGO Therapeutics,. If investors know CARGO 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 CARGO Therapeutics, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (17.59) | Return On Assets (0.40) | Return On Equity (0.70) |
The market value of CARGO Therapeutics, is measured differently than its book value, which is the value of CARGO that is recorded on the company's balance sheet. Investors also form their own opinion of CARGO Therapeutics,'s value that differs from its market value or its book value, called intrinsic value, which is CARGO Therapeutics,'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 CARGO Therapeutics,'s market value can be influenced by many factors that don't directly affect CARGO Therapeutics,'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 CARGO Therapeutics,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if CARGO Therapeutics, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CARGO Therapeutics,'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.
CARGO Therapeutics, '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 CARGO Therapeutics,'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 CARGO Therapeutics,.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in CARGO Therapeutics, on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding CARGO Therapeutics, Common or generate 0.0% return on investment in CARGO Therapeutics, over 60 days. CARGO Therapeutics, is related to or competes with Fomento Economico, Ambev SA, Perseus Mining, Westrock Coffee, and Steven Madden. CARGO Therapeutics, is entity of United States More
CARGO Therapeutics, 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 CARGO Therapeutics,'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 CARGO Therapeutics, Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.05 | |||
| Information Ratio | 0.0164 | |||
| Maximum Drawdown | 31.53 | |||
| Value At Risk | (7.84) | |||
| Potential Upside | 6.38 |
CARGO Therapeutics, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CARGO Therapeutics,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CARGO Therapeutics,'s standard deviation. In reality, there are many statistical measures that can use CARGO Therapeutics, historical prices to predict the future CARGO Therapeutics,'s volatility.| Risk Adjusted Performance | 0.0403 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | 0.1119 |
CARGO Therapeutics, Backtested Returns
At this stage we consider CARGO Stock to be not too volatile. CARGO Therapeutics, secures Sharpe Ratio (or Efficiency) of 0.0048, which signifies that the company had a 0.0048% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CARGO Therapeutics, Common, which you can use to evaluate the volatility of the entity. Please confirm CARGO Therapeutics,'s Mean Deviation of 3.71, semi deviation of 5.69, and Coefficient Of Variation of 2407.22 to double-check if the risk estimate we provide is consistent with the expected return of 0.0238%. The firm shows a Beta (market volatility) of 1.76, 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, CARGO Therapeutics, will likely underperform. CARGO Therapeutics, at this time shows a risk of 4.98%. Please confirm CARGO Therapeutics, value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if CARGO Therapeutics, will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
CARGO Therapeutics, Common has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CARGO Therapeutics, time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 CARGO Therapeutics, price movement. The serial correlation of -0.74 indicates that around 74.0% of current CARGO Therapeutics, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 6.02 |
CARGO Therapeutics, lagged returns against current returns
Autocorrelation, which is CARGO Therapeutics, 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 CARGO Therapeutics,'s stock expected returns. We can calculate the autocorrelation of CARGO Therapeutics, returns to help us make a trade decision. For example, suppose you find that CARGO Therapeutics, 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 |
CARGO Therapeutics, 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 CARGO Therapeutics, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CARGO Therapeutics, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CARGO Therapeutics, stock over time.
Current vs Lagged Prices |
| Timeline |
CARGO Therapeutics, Lagged Returns
When evaluating CARGO Therapeutics,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CARGO Therapeutics, stock have on its future price. CARGO Therapeutics, 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, CARGO Therapeutics, autocorrelation shows the relationship between CARGO Therapeutics, stock current value and its past values and can show if there is a momentum factor associated with investing in CARGO Therapeutics, Common.
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 CARGO Stock Analysis
When running CARGO Therapeutics,'s price analysis, check to measure CARGO Therapeutics,'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 CARGO Therapeutics, is operating at the current time. Most of CARGO Therapeutics,'s value examination focuses on studying past and present price action to predict the probability of CARGO Therapeutics,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CARGO Therapeutics,'s price. Additionally, you may evaluate how the addition of CARGO Therapeutics, to your portfolios can decrease your overall portfolio volatility.