Kezar Life Sciences Stock Market Value
| KZR Stock | USD 7.47 0.03 0.40% |
| Symbol | Kezar |
Kezar Life 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 Kezar Life. If investors know Kezar 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 Kezar Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (13.07) | Revenue Per Share 0.962 | Return On Assets (0.28) | Return On Equity (0.51) |
The market value of Kezar Life Sciences is measured differently than its book value, which is the value of Kezar that is recorded on the company's balance sheet. Investors also form their own opinion of Kezar Life's value that differs from its market value or its book value, called intrinsic value, which is Kezar Life'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 Kezar Life's market value can be influenced by many factors that don't directly affect Kezar Life'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 Kezar Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kezar Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kezar Life'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.
Kezar Life '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 Kezar Life'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 Kezar Life.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kezar Life on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kezar Life Sciences or generate 0.0% return on investment in Kezar Life over 300 days. Kezar Life is related to or competes with Eliem Therapeutics, HCW Biologics, Scpharmaceuticals, Milestone Pharmaceuticals, Seres Therapeutics, and Lumos Pharma. Kezar Life Sciences, Inc., a clinical-stage biotechnology company, engages in the discovery and development of novel sma... More
Kezar Life 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 Kezar Life'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 Kezar Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.0475 | |||
| Maximum Drawdown | 51.13 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 8.11 |
Kezar Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kezar Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kezar Life's standard deviation. In reality, there are many statistical measures that can use Kezar Life historical prices to predict the future Kezar Life's volatility.| Risk Adjusted Performance | 0.0605 | |||
| Jensen Alpha | 0.2955 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0945 | |||
| Treynor Ratio | 0.3935 |
Kezar Life Sciences Backtested Returns
Kezar Life appears to be moderately volatile, given 3 months investment horizon. Kezar Life Sciences has Sharpe Ratio of 0.0753, which conveys that the firm had a 0.0753% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kezar Life, which you can use to evaluate the volatility of the firm. Please exercise Kezar Life's Mean Deviation of 3.18, risk adjusted performance of 0.0605, and Downside Deviation of 3.22 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kezar Life holds a performance score of 5. The company secures a Beta (Market Risk) of 1.07, which conveys a somewhat significant risk relative to the market. Kezar Life returns are very sensitive to returns on the market. As the market goes up or down, Kezar Life is expected to follow. Please check Kezar Life's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether Kezar Life's current price movements will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Kezar Life Sciences has good reverse predictability. Overlapping area represents the amount of predictability between Kezar Life time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Kezar Life Sciences price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Kezar Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Kezar Life Sciences lagged returns against current returns
Autocorrelation, which is Kezar Life 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 Kezar Life's stock expected returns. We can calculate the autocorrelation of Kezar Life returns to help us make a trade decision. For example, suppose you find that Kezar Life 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 |
Kezar Life 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 Kezar Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kezar Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kezar Life stock over time.
Current vs Lagged Prices |
| Timeline |
Kezar Life Lagged Returns
When evaluating Kezar Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kezar Life stock have on its future price. Kezar Life 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, Kezar Life autocorrelation shows the relationship between Kezar Life stock current value and its past values and can show if there is a momentum factor associated with investing in Kezar Life Sciences.
Regressed Prices |
| Timeline |
Pair Trading with Kezar Life
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kezar Life position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kezar Life will appreciate offsetting losses from the drop in the long position's value.Moving against Kezar Stock
| 0.68 | NKTX | Nkarta Inc | PairCorr |
| 0.62 | CYRX | Cryoport | PairCorr |
| 0.58 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.56 | VALN | Valneva SE ADR | PairCorr |
| 0.53 | BACK | IMAC Holdings | PairCorr |
The ability to find closely correlated positions to Kezar Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kezar Life when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kezar Life - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kezar Life Sciences to buy it.
The correlation of Kezar Life is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kezar Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kezar Life Sciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kezar Life can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Kezar Stock Analysis
When running Kezar Life's price analysis, check to measure Kezar Life'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 Kezar Life is operating at the current time. Most of Kezar Life's value examination focuses on studying past and present price action to predict the probability of Kezar Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kezar Life's price. Additionally, you may evaluate how the addition of Kezar Life to your portfolios can decrease your overall portfolio volatility.