Alpha Tau Medical Stock Market Value
| DRTS Stock | USD 2.53 0.21 9.05% |
| Symbol | Alpha |
Alpha Tau Medical 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 Alpha Tau. If investors know Alpha 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 Alpha Tau listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.43) | Return On Assets (0.22) | Return On Equity (0.33) |
The market value of Alpha Tau Medical is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Tau's value that differs from its market value or its book value, called intrinsic value, which is Alpha Tau'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 Alpha Tau's market value can be influenced by many factors that don't directly affect Alpha Tau'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 Alpha Tau's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Tau is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Tau'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.
Alpha Tau '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 Alpha Tau'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 Alpha Tau.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alpha Tau on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Tau Medical or generate 0.0% return on investment in Alpha Tau over 60 days. Alpha Tau is related to or competes with Ocular Therapeutix, Tenaya Therapeutics, Inozyme Pharma, MediciNova, Eliem Therapeutics, Molecular Partners, and Champions Oncology. Alpha Tau Medical Ltd., a clinical-stage oncology therapeutics company, engages in research, development, and commercial... More
Alpha Tau 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 Alpha Tau'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 Alpha Tau Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.41 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.41 |
Alpha Tau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Tau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Tau's standard deviation. In reality, there are many statistical measures that can use Alpha Tau historical prices to predict the future Alpha Tau's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 4.76 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alpha Tau's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alpha Tau Medical Backtested Returns
Alpha Tau appears to be slightly risky, given 3 months investment horizon. Alpha Tau Medical secures Sharpe Ratio (or Efficiency) of 0.0726, which signifies that the company had a 0.0726% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alpha Tau Medical, which you can use to evaluate the volatility of the firm. Please makes use of Alpha Tau's Downside Deviation of 2.45, mean deviation of 2.07, and Risk Adjusted Performance of 0.0342 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alpha Tau holds a performance score of 5. The firm shows a Beta (market volatility) of 0.018, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alpha Tau's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpha Tau is expected to be smaller as well. Please check Alpha Tau's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Alpha Tau's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Alpha Tau Medical has very weak reverse predictability. Overlapping area represents the amount of predictability between Alpha Tau time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 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 Alpha Tau Medical price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Alpha Tau price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpha Tau Medical lagged returns against current returns
Autocorrelation, which is Alpha Tau 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 Alpha Tau's stock expected returns. We can calculate the autocorrelation of Alpha Tau returns to help us make a trade decision. For example, suppose you find that Alpha Tau 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 |
Alpha Tau 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 Alpha Tau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Tau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Tau stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Tau Lagged Returns
When evaluating Alpha Tau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Tau stock have on its future price. Alpha Tau 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, Alpha Tau autocorrelation shows the relationship between Alpha Tau stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Tau Medical.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alpha Stock Analysis
When running Alpha Tau's price analysis, check to measure Alpha Tau'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 Alpha Tau is operating at the current time. Most of Alpha Tau's value examination focuses on studying past and present price action to predict the probability of Alpha Tau's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpha Tau's price. Additionally, you may evaluate how the addition of Alpha Tau to your portfolios can decrease your overall portfolio volatility.