Durect Stock Market Value
| DRRX Stock | USD 0.97 0.04 3.96% |
| Symbol | Durect |
Durect Price To Book Ratio
Is Pharmaceuticals 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 Durect. If investors know Durect 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 Durect listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.64) | Revenue Per Share 0.284 | Quarterly Revenue Growth 0.043 | Return On Assets (0.40) | Return On Equity (3.00) |
The market value of Durect is measured differently than its book value, which is the value of Durect that is recorded on the company's balance sheet. Investors also form their own opinion of Durect's value that differs from its market value or its book value, called intrinsic value, which is Durect'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 Durect's market value can be influenced by many factors that don't directly affect Durect'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 Durect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Durect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Durect'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.
Durect '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 Durect'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 Durect.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Durect on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Durect or generate 0.0% return on investment in Durect over 720 days. Durect is related to or competes with Shuttle Pharmaceuticals, Organogenesis Holdings, Alpha Teknova, Sonoma Pharmaceuticals, Lifecore Biomedical, Redhill Biopharma, and Collegium Pharmaceutical. DURECT Corporation, a biopharmaceutical company, researches and develops medicines based on its epigenetic regulator and... More
Durect 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 Durect'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 Durect upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (8.16) | |||
| Potential Upside | 8.33 |
Durect Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Durect's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Durect's standard deviation. In reality, there are many statistical measures that can use Durect historical prices to predict the future Durect's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (1.40) |
Durect Backtested Returns
Durect secures Sharpe Ratio (or Efficiency) of -0.0925, which denotes the company had a -0.0925% return per unit of risk over the last 3 months. Durect exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Durect's Standard Deviation of 4.83, variance of 23.37, and Mean Deviation of 3.59 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Durect's returns are expected to increase less than the market. However, during the bear market, the loss of holding Durect is expected to be smaller as well. At this point, Durect has a negative expected return of -0.45%. Please make sure to confirm Durect's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Durect performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Durect has poor reverse predictability. Overlapping area represents the amount of predictability between Durect time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Durect price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Durect price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Durect lagged returns against current returns
Autocorrelation, which is Durect 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 Durect's stock expected returns. We can calculate the autocorrelation of Durect returns to help us make a trade decision. For example, suppose you find that Durect 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 |
Durect 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 Durect stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Durect stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Durect stock over time.
Current vs Lagged Prices |
| Timeline |
Durect Lagged Returns
When evaluating Durect's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Durect stock have on its future price. Durect 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, Durect autocorrelation shows the relationship between Durect stock current value and its past values and can show if there is a momentum factor associated with investing in Durect.
Regressed Prices |
| Timeline |
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When running Durect's price analysis, check to measure Durect'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 Durect is operating at the current time. Most of Durect's value examination focuses on studying past and present price action to predict the probability of Durect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durect's price. Additionally, you may evaluate how the addition of Durect to your portfolios can decrease your overall portfolio volatility.