Meiragtx Holdings Plc Stock Market Value
| MGTX Stock | USD 5.92 0.10 1.72% |
| Symbol | MeiraGTx |
MeiraGTx Holdings PLC 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 MeiraGTx Holdings. If investors know MeiraGTx 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 MeiraGTx Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.17) | Revenue Per Share 0.13 | Quarterly Revenue Growth (0.92) | Return On Assets (0.37) | Return On Equity (0.92) |
The market value of MeiraGTx Holdings PLC is measured differently than its book value, which is the value of MeiraGTx that is recorded on the company's balance sheet. Investors also form their own opinion of MeiraGTx Holdings' value that differs from its market value or its book value, called intrinsic value, which is MeiraGTx Holdings' 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 MeiraGTx Holdings' market value can be influenced by many factors that don't directly affect MeiraGTx Holdings' 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 MeiraGTx Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if MeiraGTx Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MeiraGTx Holdings' 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.
MeiraGTx Holdings '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 MeiraGTx Holdings' 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 MeiraGTx Holdings.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in MeiraGTx Holdings on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding MeiraGTx Holdings PLC or generate 0.0% return on investment in MeiraGTx Holdings over 30 days. MeiraGTx Holdings is related to or competes with Ideaya Biosciences, AnaptysBio, Keros Therapeutics, Uniqure NV, Rocket Pharmaceuticals, Rhythm Pharmaceuticals, and Solid Biosciences. MeiraGTx Holdings plc, a clinical stage gene therapy company, focusing on developing treatments for patients with seriou... More
MeiraGTx Holdings 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 MeiraGTx Holdings' 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 MeiraGTx Holdings PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.1234 | |||
| Maximum Drawdown | 21.07 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 5.71 |
MeiraGTx Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MeiraGTx Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MeiraGTx Holdings' standard deviation. In reality, there are many statistical measures that can use MeiraGTx Holdings historical prices to predict the future MeiraGTx Holdings' volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.3892 | |||
| Total Risk Alpha | 0.1229 | |||
| Sortino Ratio | 0.1494 | |||
| Treynor Ratio | 0.2926 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MeiraGTx Holdings' 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.
MeiraGTx Holdings PLC Backtested Returns
MeiraGTx Holdings appears to be somewhat reliable, given 3 months investment horizon. MeiraGTx Holdings PLC has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing MeiraGTx Holdings' technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please exercise MeiraGTx Holdings' Downside Deviation of 3.11, risk adjusted performance of 0.12, and Mean Deviation of 2.69 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MeiraGTx Holdings holds a performance score of 13. The company secures a Beta (Market Risk) of 1.88, 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, MeiraGTx Holdings will likely underperform. Please check MeiraGTx Holdings' treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether MeiraGTx Holdings' current price movements will revert.
Auto-correlation | -0.58 |
Good reverse predictability
MeiraGTx Holdings PLC has good reverse predictability. Overlapping area represents the amount of predictability between MeiraGTx Holdings time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 MeiraGTx Holdings PLC price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current MeiraGTx Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
MeiraGTx Holdings PLC lagged returns against current returns
Autocorrelation, which is MeiraGTx Holdings 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 MeiraGTx Holdings' stock expected returns. We can calculate the autocorrelation of MeiraGTx Holdings returns to help us make a trade decision. For example, suppose you find that MeiraGTx Holdings 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 |
MeiraGTx Holdings 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 MeiraGTx Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MeiraGTx Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MeiraGTx Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
MeiraGTx Holdings Lagged Returns
When evaluating MeiraGTx Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MeiraGTx Holdings stock have on its future price. MeiraGTx Holdings 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, MeiraGTx Holdings autocorrelation shows the relationship between MeiraGTx Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in MeiraGTx Holdings PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for MeiraGTx Stock Analysis
When running MeiraGTx Holdings' price analysis, check to measure MeiraGTx Holdings' 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 MeiraGTx Holdings is operating at the current time. Most of MeiraGTx Holdings' value examination focuses on studying past and present price action to predict the probability of MeiraGTx Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MeiraGTx Holdings' price. Additionally, you may evaluate how the addition of MeiraGTx Holdings to your portfolios can decrease your overall portfolio volatility.