Nucana Plc Stock Market Value
| NCNA Stock | USD 1.03 0.08 7.21% |
| Symbol | NuCana |
NuCana 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 NuCana PLC. If investors know NuCana 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 NuCana PLC 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 NuCana PLC is measured differently than its book value, which is the value of NuCana that is recorded on the company's balance sheet. Investors also form their own opinion of NuCana PLC's value that differs from its market value or its book value, called intrinsic value, which is NuCana PLC'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 NuCana PLC's market value can be influenced by many factors that don't directly affect NuCana PLC'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 NuCana PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if NuCana PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NuCana PLC'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.
NuCana PLC '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 NuCana PLC'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 NuCana PLC.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in NuCana PLC on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding NuCana PLC or generate 0.0% return on investment in NuCana PLC over 30 days. NuCana PLC is related to or competes with Zura Bio, ZyVersa Therapeutics, Cidara Therapeutics, Silence Therapeutics, Applied Therapeutics, CytomX Therapeutics, and Rani Therapeutics. NuCana plc, a clinical-stage biopharmaceutical company, engages in the development of products for the treatment of canc... More
NuCana PLC 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 NuCana PLC'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 NuCana PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 25.52 | |||
| Value At Risk | (7.21) | |||
| Potential Upside | 5.65 |
NuCana PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NuCana PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NuCana PLC's standard deviation. In reality, there are many statistical measures that can use NuCana PLC historical prices to predict the future NuCana PLC's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | 1.39 |
NuCana PLC Backtested Returns
NuCana PLC retains Efficiency (Sharpe Ratio) of -0.14, which conveys that the firm had a -0.14 % return per unit of risk over the last 3 months. NuCana PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NuCana PLC's Coefficient Of Variation of (528.53), market risk adjusted performance of 1.4, and Mean Deviation of 2.88 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NuCana PLC are expected to decrease at a much lower rate. During the bear market, NuCana PLC is likely to outperform the market. At this point, NuCana PLC has a negative expected return of -0.6%. Please make sure to verify NuCana PLC's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if NuCana PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
NuCana PLC has average predictability. Overlapping area represents the amount of predictability between NuCana PLC time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st 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 NuCana PLC price movement. The serial correlation of 0.45 indicates that just about 45.0% of current NuCana PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NuCana PLC lagged returns against current returns
Autocorrelation, which is NuCana PLC 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 NuCana PLC's stock expected returns. We can calculate the autocorrelation of NuCana PLC returns to help us make a trade decision. For example, suppose you find that NuCana PLC 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 |
NuCana PLC 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 NuCana PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NuCana PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NuCana PLC stock over time.
Current vs Lagged Prices |
| Timeline |
NuCana PLC Lagged Returns
When evaluating NuCana PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NuCana PLC stock have on its future price. NuCana PLC 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, NuCana PLC autocorrelation shows the relationship between NuCana PLC stock current value and its past values and can show if there is a momentum factor associated with investing in NuCana PLC.
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 NuCana PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NuCana PLC'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 Nucana Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nucana Plc Stock:Check out NuCana PLC Correlation, NuCana PLC Volatility and NuCana PLC Alpha and Beta module to complement your research on NuCana PLC. For information on how to trade NuCana Stock refer to our How to Trade NuCana Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
NuCana PLC 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.