Prokidney Corp Stock Market Value
| PROK Stock | USD 1.85 0.03 1.60% |
| Symbol | ProKidney |
ProKidney Corp 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 ProKidney Corp. If investors know ProKidney 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 ProKidney Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.54) | Return On Assets (0.20) | Return On Equity (0.31) |
The market value of ProKidney Corp is measured differently than its book value, which is the value of ProKidney that is recorded on the company's balance sheet. Investors also form their own opinion of ProKidney Corp's value that differs from its market value or its book value, called intrinsic value, which is ProKidney Corp'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 ProKidney Corp's market value can be influenced by many factors that don't directly affect ProKidney Corp'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 ProKidney Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProKidney Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProKidney Corp'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.
ProKidney Corp '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 ProKidney Corp'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 ProKidney Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ProKidney Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ProKidney Corp or generate 0.0% return on investment in ProKidney Corp over 30 days. ProKidney Corp is related to or competes with Relay Therapeutics, Stoke Therapeutics, Pliant Therapeutics, Black Diamond, Arvinas, Arcellx, and Ventyx Biosciences. ProKidney Corp., a clinical-stage biotechnology, engages in developing cellular therapy candidates More
ProKidney Corp 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 ProKidney Corp'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 ProKidney Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 33.89 | |||
| Value At Risk | (9.65) | |||
| Potential Upside | 8.97 |
ProKidney Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProKidney Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProKidney Corp's standard deviation. In reality, there are many statistical measures that can use ProKidney Corp historical prices to predict the future ProKidney Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | (0.02) |
ProKidney Corp Backtested Returns
ProKidney Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0355, which implies the firm had a -0.0355% return per unit of risk over the last 3 months. ProKidney Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProKidney Corp's Variance of 37.2, coefficient of variation of (7,494), and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The company holds a Beta of 3.79, 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, ProKidney Corp will likely underperform. At this point, ProKidney Corp has a negative expected return of -0.22%. Please make sure to check ProKidney Corp's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if ProKidney Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
ProKidney Corp has very weak predictability. Overlapping area represents the amount of predictability between ProKidney Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 ProKidney Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current ProKidney Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
ProKidney Corp lagged returns against current returns
Autocorrelation, which is ProKidney Corp 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 ProKidney Corp's stock expected returns. We can calculate the autocorrelation of ProKidney Corp returns to help us make a trade decision. For example, suppose you find that ProKidney Corp 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 |
ProKidney Corp 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 ProKidney Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProKidney Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProKidney Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ProKidney Corp Lagged Returns
When evaluating ProKidney Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProKidney Corp stock have on its future price. ProKidney Corp 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, ProKidney Corp autocorrelation shows the relationship between ProKidney Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ProKidney Corp.
Regressed Prices |
| Timeline |
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ProKidney Corp 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.