Roivant Sciences Stock Market Value
| ROIV Stock | USD 12.46 0.07 0.56% |
| Symbol | Roivant |
Roivant Sciences 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 Roivant Sciences. If investors know Roivant 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 Roivant Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 5.54 | Revenue Per Share 0.168 | Quarterly Revenue Growth 0.227 | Return On Assets (0.18) | Return On Equity 1.2896 |
The market value of Roivant Sciences is measured differently than its book value, which is the value of Roivant that is recorded on the company's balance sheet. Investors also form their own opinion of Roivant Sciences' value that differs from its market value or its book value, called intrinsic value, which is Roivant Sciences' 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 Roivant Sciences' market value can be influenced by many factors that don't directly affect Roivant Sciences' 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 Roivant Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Roivant Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roivant Sciences' 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.
Roivant Sciences '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 Roivant Sciences' 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 Roivant Sciences.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Roivant Sciences on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Roivant Sciences or generate 0.0% return on investment in Roivant Sciences over 30 days. Roivant Sciences is related to or competes with Eliem Therapeutics, HCW Biologics, Scpharmaceuticals, Milestone Pharmaceuticals, Seres Therapeutics, and Lumos Pharma. Roivant Sciences Ltd., a biopharmaceutical and healthcare technology company that researches and develops medicines More
Roivant Sciences 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 Roivant Sciences' 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 Roivant Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.87 |
Roivant Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roivant Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roivant Sciences' standard deviation. In reality, there are many statistical measures that can use Roivant Sciences historical prices to predict the future Roivant Sciences' volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.0118 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1352 |
Roivant Sciences Backtested Returns
At this stage we consider Roivant Stock to be not too volatile. Roivant Sciences maintains Sharpe Ratio (i.e., Efficiency) of 0.0426, which implies the firm had a 0.0426% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Roivant Sciences, which you can use to evaluate the volatility of the company. Please check Roivant Sciences' Risk Adjusted Performance of 0.0592, coefficient of variation of 1430.7, and Semi Deviation of 1.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.0748%. Roivant Sciences has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.82, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Roivant Sciences' returns are expected to increase less than the market. However, during the bear market, the loss of holding Roivant Sciences is expected to be smaller as well. Roivant Sciences right now holds a risk of 1.75%. Please check Roivant Sciences maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Roivant Sciences will be following its historical price patterns.
Auto-correlation | 0.72 |
Good predictability
Roivant Sciences has good predictability. Overlapping area represents the amount of predictability between Roivant Sciences 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 Roivant Sciences price movement. The serial correlation of 0.72 indicates that around 72.0% of current Roivant Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Roivant Sciences lagged returns against current returns
Autocorrelation, which is Roivant Sciences 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 Roivant Sciences' stock expected returns. We can calculate the autocorrelation of Roivant Sciences returns to help us make a trade decision. For example, suppose you find that Roivant Sciences 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 |
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Roivant Sciences 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 Roivant Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roivant Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roivant Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Roivant Sciences Lagged Returns
When evaluating Roivant Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roivant Sciences stock have on its future price. Roivant Sciences 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, Roivant Sciences autocorrelation shows the relationship between Roivant Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Roivant Sciences.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Roivant Stock Analysis
When running Roivant Sciences' price analysis, check to measure Roivant Sciences' 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 Roivant Sciences is operating at the current time. Most of Roivant Sciences' value examination focuses on studying past and present price action to predict the probability of Roivant Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roivant Sciences' price. Additionally, you may evaluate how the addition of Roivant Sciences to your portfolios can decrease your overall portfolio volatility.