Quanterix Corp Stock Market Value
| QTRX Stock | USD 12.42 0.67 5.70% |
| Symbol | Quanterix |
Quanterix Corp Price To Book Ratio
Is Life Sciences Tools & Services 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 Quanterix Corp. If investors know Quanterix 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 Quanterix 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 (1.04) | Revenue Per Share 3.403 | Quarterly Revenue Growth 0.108 | Return On Assets (0.08) | Return On Equity (0.11) |
The market value of Quanterix Corp is measured differently than its book value, which is the value of Quanterix that is recorded on the company's balance sheet. Investors also form their own opinion of Quanterix Corp's value that differs from its market value or its book value, called intrinsic value, which is Quanterix 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 Quanterix Corp's market value can be influenced by many factors that don't directly affect Quanterix 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 Quanterix Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanterix Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanterix 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.
Quanterix 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 Quanterix 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 Quanterix Corp.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Quanterix Corp on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Quanterix Corp or generate 0.0% return on investment in Quanterix Corp over 510 days. Quanterix Corp is related to or competes with Bone Biologics, Heart Test, Tivic Health, Vivos Therapeutics, Orthopediatrics Corp, Orthofix Medical, and Sight Sciences. Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms th... More
Quanterix 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 Quanterix 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 Quanterix Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 27.81 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.33 |
Quanterix Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quanterix Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quanterix Corp's standard deviation. In reality, there are many statistical measures that can use Quanterix Corp historical prices to predict the future Quanterix Corp's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.02) |
Quanterix Corp Backtested Returns
Quanterix Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0011, which implies the firm had a -0.0011% return per unit of risk over the last 3 months. Quanterix Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quanterix Corp's Risk Adjusted Performance of (0.0004), coefficient of variation of (9,012), and Variance of 16.03 to confirm the risk estimate we provide. The company holds a Beta of 2.38, 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, Quanterix Corp will likely underperform. At this point, Quanterix Corp has a negative expected return of -0.0044%. Please make sure to check Quanterix Corp's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Quanterix Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Quanterix Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Quanterix Corp time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Quanterix Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Quanterix Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 10.78 |
Quanterix Corp lagged returns against current returns
Autocorrelation, which is Quanterix 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 Quanterix Corp's stock expected returns. We can calculate the autocorrelation of Quanterix Corp returns to help us make a trade decision. For example, suppose you find that Quanterix 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 |
Quanterix 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 Quanterix Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quanterix Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quanterix Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Quanterix Corp Lagged Returns
When evaluating Quanterix Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quanterix Corp stock have on its future price. Quanterix 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, Quanterix Corp autocorrelation shows the relationship between Quanterix Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Quanterix Corp.
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 Quanterix Stock Analysis
When running Quanterix Corp's price analysis, check to measure Quanterix Corp'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 Quanterix Corp is operating at the current time. Most of Quanterix Corp's value examination focuses on studying past and present price action to predict the probability of Quanterix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanterix Corp's price. Additionally, you may evaluate how the addition of Quanterix Corp to your portfolios can decrease your overall portfolio volatility.