Renalytix Ai Stock Market Value
| RNLX Stock | USD 0.16 0.01 6.67% |
| Symbol | Renalytix |
Renalytix AI Price To Book Ratio
Is Health Care Technology 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 Renalytix. If investors know Renalytix 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 Renalytix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Revenue Per Share 0.042 | Quarterly Revenue Growth 0.131 | Return On Assets (0.94) | Return On Equity (10.73) |
The market value of Renalytix AI is measured differently than its book value, which is the value of Renalytix that is recorded on the company's balance sheet. Investors also form their own opinion of Renalytix's value that differs from its market value or its book value, called intrinsic value, which is Renalytix'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 Renalytix's market value can be influenced by many factors that don't directly affect Renalytix'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 Renalytix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renalytix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renalytix'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.
Renalytix '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 Renalytix'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 Renalytix.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Renalytix on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Renalytix AI or generate 0.0% return on investment in Renalytix over 30 days. Renalytix is related to or competes with Streamline Health, HealthStream, National Research, Forian, Mangoceuticals, Common, HealthEquity, and Health Catalyst. Renalytix Plc develops artificial intelligence-enabled in vitro diagnostic solutions for kidney diseases More
Renalytix 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 Renalytix'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 Renalytix AI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 34.92 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 7.14 |
Renalytix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renalytix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renalytix's standard deviation. In reality, there are many statistical measures that can use Renalytix historical prices to predict the future Renalytix's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (1.95) | |||
| Treynor Ratio | 2.7 |
Renalytix AI Backtested Returns
Renalytix AI maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Renalytix AI exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renalytix's Variance of 42.14, coefficient of variation of (707.77), and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The company holds a Beta of -0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Renalytix are expected to decrease at a much lower rate. During the bear market, Renalytix is likely to outperform the market. At this point, Renalytix AI has a negative expected return of -0.87%. Please make sure to check Renalytix's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Renalytix AI performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Renalytix AI has weak reverse predictability. Overlapping area represents the amount of predictability between Renalytix 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 Renalytix AI price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Renalytix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renalytix AI lagged returns against current returns
Autocorrelation, which is Renalytix 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 Renalytix's stock expected returns. We can calculate the autocorrelation of Renalytix returns to help us make a trade decision. For example, suppose you find that Renalytix 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 |
Renalytix 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 Renalytix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renalytix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renalytix stock over time.
Current vs Lagged Prices |
| Timeline |
Renalytix Lagged Returns
When evaluating Renalytix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renalytix stock have on its future price. Renalytix 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, Renalytix autocorrelation shows the relationship between Renalytix stock current value and its past values and can show if there is a momentum factor associated with investing in Renalytix AI.
Regressed Prices |
| Timeline |
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When running Renalytix's price analysis, check to measure Renalytix'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 Renalytix is operating at the current time. Most of Renalytix's value examination focuses on studying past and present price action to predict the probability of Renalytix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renalytix's price. Additionally, you may evaluate how the addition of Renalytix to your portfolios can decrease your overall portfolio volatility.