Metagenomi, Common Stock Stock Market Value
| MGX Stock | 2.01 0.12 6.35% |
| Symbol | Metagenomi, |
Metagenomi, Common Stock 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 Metagenomi, Common. If investors know Metagenomi, 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 Metagenomi, Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.00) | Revenue Per Share 3.758 | Quarterly Revenue Growth 0.765 | Return On Assets (0.14) | Return On Equity (0.29) |
The market value of Metagenomi, Common Stock is measured differently than its book value, which is the value of Metagenomi, that is recorded on the company's balance sheet. Investors also form their own opinion of Metagenomi, Common's value that differs from its market value or its book value, called intrinsic value, which is Metagenomi, Common'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 Metagenomi, Common's market value can be influenced by many factors that don't directly affect Metagenomi, Common'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 Metagenomi, Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Metagenomi, Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Metagenomi, Common'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.
Metagenomi, Common '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 Metagenomi, Common'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 Metagenomi, Common.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Metagenomi, Common on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Metagenomi, Common Stock or generate 0.0% return on investment in Metagenomi, Common over 90 days. Metagenomi, Common is related to or competes with Eastman Kodak, European Wax, Edgewell Personal, Toro, Newell Brands, Estee Lauder, and RBC Bearings. Metagenomi, Common is entity of United States More
Metagenomi, Common 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 Metagenomi, Common'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 Metagenomi, Common Stock upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 19.72 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 6.62 |
Metagenomi, Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metagenomi, Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metagenomi, Common's standard deviation. In reality, there are many statistical measures that can use Metagenomi, Common historical prices to predict the future Metagenomi, Common's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | (0.40) |
Metagenomi, Common Stock Backtested Returns
Metagenomi, Common Stock has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Metagenomi, Common exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metagenomi, Common's Mean Deviation of 2.93, standard deviation of 3.93, and Risk Adjusted Performance of (0.12) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.64, 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, Metagenomi, Common will likely underperform. At this point, Metagenomi, Common Stock has a negative expected return of -0.56%. Please make sure to verify Metagenomi, Common's treynor ratio and daily balance of power , to decide if Metagenomi, Common Stock performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Metagenomi, Common Stock has weak predictability. Overlapping area represents the amount of predictability between Metagenomi, Common time series from 28th of August 2024 to 12th of October 2024 and 12th 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 Metagenomi, Common Stock price movement. The serial correlation of 0.23 indicates that over 23.0% of current Metagenomi, Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Metagenomi, Common Stock lagged returns against current returns
Autocorrelation, which is Metagenomi, Common 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 Metagenomi, Common's stock expected returns. We can calculate the autocorrelation of Metagenomi, Common returns to help us make a trade decision. For example, suppose you find that Metagenomi, Common 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 |
Metagenomi, Common 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 Metagenomi, Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metagenomi, Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metagenomi, Common stock over time.
Current vs Lagged Prices |
| Timeline |
Metagenomi, Common Lagged Returns
When evaluating Metagenomi, Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metagenomi, Common stock have on its future price. Metagenomi, Common 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, Metagenomi, Common autocorrelation shows the relationship between Metagenomi, Common stock current value and its past values and can show if there is a momentum factor associated with investing in Metagenomi, Common Stock.
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 Metagenomi, Stock Analysis
When running Metagenomi, Common's price analysis, check to measure Metagenomi, Common'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 Metagenomi, Common is operating at the current time. Most of Metagenomi, Common's value examination focuses on studying past and present price action to predict the probability of Metagenomi, Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metagenomi, Common's price. Additionally, you may evaluate how the addition of Metagenomi, Common to your portfolios can decrease your overall portfolio volatility.