Kodiak Sciences Stock Market Value
| KOD Stock | USD 7.17 0.47 6.15% |
| Symbol | Kodiak |
Kodiak Sciences 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 Kodiak Sciences. If investors know Kodiak 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 Kodiak Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Kodiak Sciences is measured differently than its book value, which is the value of Kodiak that is recorded on the company's balance sheet. Investors also form their own opinion of Kodiak Sciences' value that differs from its market value or its book value, called intrinsic value, which is Kodiak Sciences' 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 Kodiak Sciences' market value can be influenced by many factors that don't directly affect Kodiak Sciences' 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 Kodiak Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kodiak Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kodiak Sciences' 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.
Kodiak Sciences '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 Kodiak Sciences' 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 Kodiak Sciences.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Kodiak Sciences on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Kodiak Sciences or generate 0.0% return on investment in Kodiak Sciences over 30 days. Kodiak Sciences is related to or competes with Reviva Pharmaceuticals, Cognition Therapeutics, Transcode Therapeutics, Assembly Biosciences, Instil Bio, Spero Therapeutics, and CytomX Therapeutics. Kodiak Sciences Inc., a clinical stage biopharmaceutical company, researches, develops, and commercializes therapeutics ... More
Kodiak Sciences 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 Kodiak Sciences' 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 Kodiak Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.86 | |||
| Information Ratio | 0.2247 | |||
| Maximum Drawdown | 45.02 | |||
| Value At Risk | (9.57) | |||
| Potential Upside | 11.39 |
Kodiak Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kodiak Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kodiak Sciences' standard deviation. In reality, there are many statistical measures that can use Kodiak Sciences historical prices to predict the future Kodiak Sciences' volatility.| Risk Adjusted Performance | 0.2001 | |||
| Jensen Alpha | 1.59 | |||
| Total Risk Alpha | 1.45 | |||
| Sortino Ratio | 0.2723 | |||
| Treynor Ratio | 1.08 |
Kodiak Sciences Backtested Returns
Kodiak Sciences is unstable given 3 months investment horizon. Kodiak Sciences has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19 % return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.34% are justified by taking the suggested risk. Use Kodiak Sciences Risk Adjusted Performance of 0.2001, mean deviation of 5.01, and Downside Deviation of 5.86 to evaluate company specific risk that cannot be diversified away. Kodiak Sciences holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.49, which conveys 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, Kodiak Sciences will likely underperform. Use Kodiak Sciences downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Kodiak Sciences.
Auto-correlation | 0.13 |
Insignificant predictability
Kodiak Sciences has insignificant predictability. Overlapping area represents the amount of predictability between Kodiak Sciences time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Kodiak Sciences price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Kodiak Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Kodiak Sciences lagged returns against current returns
Autocorrelation, which is Kodiak Sciences 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 Kodiak Sciences' stock expected returns. We can calculate the autocorrelation of Kodiak Sciences returns to help us make a trade decision. For example, suppose you find that Kodiak Sciences 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 |
Kodiak Sciences 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 Kodiak Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kodiak Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kodiak Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Kodiak Sciences Lagged Returns
When evaluating Kodiak Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kodiak Sciences stock have on its future price. Kodiak Sciences 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, Kodiak Sciences autocorrelation shows the relationship between Kodiak Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Kodiak Sciences.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Kodiak Sciences is a strong investment it is important to analyze Kodiak Sciences' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Kodiak Sciences' future performance. For an informed investment choice regarding Kodiak Stock, refer to the following important reports:Check out Kodiak Sciences Correlation, Kodiak Sciences Volatility and Kodiak Sciences Alpha and Beta module to complement your research on Kodiak Sciences. For information on how to trade Kodiak Stock refer to our How to Trade Kodiak Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Kodiak Sciences 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.