Nurix Therapeutics Stock Market Value
| NRIX Stock | USD 21.82 0.23 1.04% |
| Symbol | Nurix |
Nurix Therapeutics 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 Nurix Therapeutics. If investors know Nurix 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 Nurix Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.90) | Revenue Per Share 0.922 | Quarterly Revenue Growth (0.32) | Return On Assets (0.29) | Return On Equity (0.58) |
The market value of Nurix Therapeutics is measured differently than its book value, which is the value of Nurix that is recorded on the company's balance sheet. Investors also form their own opinion of Nurix Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Nurix Therapeutics' 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 Nurix Therapeutics' market value can be influenced by many factors that don't directly affect Nurix Therapeutics' 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 Nurix Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nurix Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nurix Therapeutics' 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.
Nurix Therapeutics '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 Nurix Therapeutics' 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 Nurix Therapeutics.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nurix Therapeutics on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nurix Therapeutics or generate 0.0% return on investment in Nurix Therapeutics over 30 days. Nurix Therapeutics is related to or competes with Foghorn Therapeutics, Shattuck Labs, Monte Rosa, Kymera Therapeutics, C4 Therapeutics, Arvinas, and Eliem Therapeutics. Nurix Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of s... More
Nurix Therapeutics 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 Nurix Therapeutics' 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 Nurix Therapeutics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.77 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 6.17 |
Nurix Therapeutics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nurix Therapeutics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nurix Therapeutics' standard deviation. In reality, there are many statistical measures that can use Nurix Therapeutics historical prices to predict the future Nurix Therapeutics' volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.01) |
Nurix Therapeutics Backtested Returns
Nurix Therapeutics has Sharpe Ratio of -0.047, which conveys that the firm had a -0.047% return per unit of risk over the last 3 months. Nurix Therapeutics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nurix Therapeutics' Standard Deviation of 3.56, mean deviation of 2.57, and Risk Adjusted Performance of 0.0066 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.89, 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, Nurix Therapeutics will likely underperform. At this point, Nurix Therapeutics has a negative expected return of -0.16%. Please make sure to verify Nurix Therapeutics' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if Nurix Therapeutics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Nurix Therapeutics has modest reverse predictability. Overlapping area represents the amount of predictability between Nurix Therapeutics time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Nurix Therapeutics price movement. The serial correlation of -0.48 indicates that about 48.0% of current Nurix Therapeutics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 5.89 |
Nurix Therapeutics lagged returns against current returns
Autocorrelation, which is Nurix Therapeutics 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 Nurix Therapeutics' stock expected returns. We can calculate the autocorrelation of Nurix Therapeutics returns to help us make a trade decision. For example, suppose you find that Nurix Therapeutics 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 |
Nurix Therapeutics 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 Nurix Therapeutics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nurix Therapeutics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nurix Therapeutics stock over time.
Current vs Lagged Prices |
| Timeline |
Nurix Therapeutics Lagged Returns
When evaluating Nurix Therapeutics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nurix Therapeutics stock have on its future price. Nurix Therapeutics 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, Nurix Therapeutics autocorrelation shows the relationship between Nurix Therapeutics stock current value and its past values and can show if there is a momentum factor associated with investing in Nurix Therapeutics.
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.Additional Tools for Nurix Stock Analysis
When running Nurix Therapeutics' price analysis, check to measure Nurix Therapeutics' 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 Nurix Therapeutics is operating at the current time. Most of Nurix Therapeutics' value examination focuses on studying past and present price action to predict the probability of Nurix Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nurix Therapeutics' price. Additionally, you may evaluate how the addition of Nurix Therapeutics to your portfolios can decrease your overall portfolio volatility.