Praxis Precision Medicines Stock Market Value
| PRAX Stock | USD 74.68 0.18 0.24% |
| Symbol | Praxis |
Praxis Precision Med 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 Praxis Precision. If investors know Praxis 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 Praxis Precision listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.17) | Revenue Per Share 0.106 | Quarterly Revenue Growth (0.35) | Return On Assets (0.39) | Return On Equity (0.64) |
The market value of Praxis Precision Med is measured differently than its book value, which is the value of Praxis that is recorded on the company's balance sheet. Investors also form their own opinion of Praxis Precision's value that differs from its market value or its book value, called intrinsic value, which is Praxis Precision'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 Praxis Precision's market value can be influenced by many factors that don't directly affect Praxis Precision'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 Praxis Precision's value and its price as these two are different measures arrived at by different means. Investors typically determine if Praxis Precision is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Praxis Precision'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.
Praxis Precision '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 Praxis Precision'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 Praxis Precision.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Praxis Precision on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Praxis Precision Medicines or generate 0.0% return on investment in Praxis Precision over 30 days. Praxis Precision is related to or competes with Molecular Partners, Mineralys Therapeutics,, AN2 Therapeutics, Pharvaris, PepGen, Pmv Pharmaceuticals, and Cullinan Oncology. Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, develops therapies for central nervous sys... More
Praxis Precision 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 Praxis Precision'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 Praxis Precision Medicines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.1436 | |||
| Maximum Drawdown | 18.13 | |||
| Value At Risk | (5.92) | |||
| Potential Upside | 8.44 |
Praxis Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Precision's standard deviation. In reality, there are many statistical measures that can use Praxis Precision historical prices to predict the future Praxis Precision's volatility.| Risk Adjusted Performance | 0.1441 | |||
| Jensen Alpha | 0.5358 | |||
| Total Risk Alpha | 0.0671 | |||
| Sortino Ratio | 0.1681 | |||
| Treynor Ratio | 0.5814 |
Praxis Precision Med Backtested Returns
Praxis Precision appears to be very steady, given 3 months investment horizon. Praxis Precision Med maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Praxis Precision's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please evaluate Praxis Precision's Coefficient Of Variation of 563.68, risk adjusted performance of 0.1441, and Semi Deviation of 2.9 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Praxis Precision holds a performance score of 11. The company holds a Beta of 1.16, which implies 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, Praxis Precision will likely underperform. Please check Praxis Precision's potential upside, and the relationship between the jensen alpha and accumulation distribution , to make a quick decision on whether Praxis Precision's historical price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Praxis Precision Medicines has insignificant reverse predictability. Overlapping area represents the amount of predictability between Praxis Precision time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Praxis Precision Med price movement. The serial correlation of -0.17 indicates that over 17.0% of current Praxis Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 20.57 |
Praxis Precision Med lagged returns against current returns
Autocorrelation, which is Praxis Precision 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 Praxis Precision's stock expected returns. We can calculate the autocorrelation of Praxis Precision returns to help us make a trade decision. For example, suppose you find that Praxis Precision 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 |
Praxis Precision 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 Praxis Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praxis Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Praxis Precision Lagged Returns
When evaluating Praxis Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Precision stock have on its future price. Praxis Precision 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, Praxis Precision autocorrelation shows the relationship between Praxis Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Praxis Precision Medicines.
Regressed Prices |
| Timeline |
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When running Praxis Precision's price analysis, check to measure Praxis Precision'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 Praxis Precision is operating at the current time. Most of Praxis Precision's value examination focuses on studying past and present price action to predict the probability of Praxis Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Praxis Precision's price. Additionally, you may evaluate how the addition of Praxis Precision to your portfolios can decrease your overall portfolio volatility.