Precigen (Germany) Market Value
| I5X Stock | EUR 0.85 0.07 8.97% |
| Symbol | Precigen |
Precigen '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 Precigen'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 Precigen.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Precigen on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Precigen or generate 0.0% return on investment in Precigen over 270 days. Precigen is related to or competes with Sumitomo Chemical, China BlueChemical, Sanyo Chemical, ON SEMICONDUCTOR, NISSAN CHEMICAL, and CHEMICAL INDUSTRIES. Precigen, Inc. discovers and develops the next generation of gene and cellular therapies in the United States More
Precigen 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 Precigen'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 Precigen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.15 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 7.06 |
Precigen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precigen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precigen's standard deviation. In reality, there are many statistical measures that can use Precigen historical prices to predict the future Precigen's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.09) |
Precigen Backtested Returns
Precigen maintains Sharpe Ratio (i.e., Efficiency) of -0.0471, which implies the firm had a -0.0471% return per unit of risk over the last 3 months. Precigen exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Precigen's Variance of 14.7, coefficient of variation of (2,205), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of 2.02, which implies 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, Precigen will likely underperform. At this point, Precigen has a negative expected return of -0.18%. Please make sure to check Precigen's treynor ratio, kurtosis, and the relationship between the jensen alpha and potential upside , to decide if Precigen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Precigen has insignificant predictability. Overlapping area represents the amount of predictability between Precigen time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Precigen price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Precigen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Precigen lagged returns against current returns
Autocorrelation, which is Precigen 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 Precigen's stock expected returns. We can calculate the autocorrelation of Precigen returns to help us make a trade decision. For example, suppose you find that Precigen 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 |
Precigen 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 Precigen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precigen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precigen stock over time.
Current vs Lagged Prices |
| Timeline |
Precigen Lagged Returns
When evaluating Precigen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precigen stock have on its future price. Precigen 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, Precigen autocorrelation shows the relationship between Precigen stock current value and its past values and can show if there is a momentum factor associated with investing in Precigen.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Precigen Stock
When determining whether Precigen offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Precigen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Precigen Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Precigen Stock:Check out Precigen Correlation, Precigen Volatility and Precigen Alpha and Beta module to complement your research on Precigen. For more detail on how to invest in Precigen Stock please use our How to Invest in Precigen guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Precigen 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.