Revance Stock Market Value
| RVNC Stock | USD 3.84 0.04 1.05% |
| Symbol | Revance |
Is Pharmaceutical Products 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 Revance. If investors know Revance 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 Revance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Revance is measured differently than its book value, which is the value of Revance that is recorded on the company's balance sheet. Investors also form their own opinion of Revance's value that differs from its market value or its book value, called intrinsic value, which is Revance'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 Revance's market value can be influenced by many factors that don't directly affect Revance'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 Revance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Revance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Revance'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.
Revance '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 Revance'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 Revance.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Revance on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Revance or generate 0.0% return on investment in Revance over 30 days. Revance is related to or competes with DiaMedica Therapeutics, Akero Therapeutics, Nuvalent, Immunocore Holdings, Ventyx Biosciences, Arcellx, and 89bio. Revance Therapeutics, Inc., a biotechnology company, engages in the development, manufacture, and commercialization of n... More
Revance 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 Revance'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 Revance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 61.52 | |||
| Value At Risk | (7.57) | |||
| Potential Upside | 2.42 |
Revance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Revance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Revance's standard deviation. In reality, there are many statistical measures that can use Revance historical prices to predict the future Revance's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (1.47) | |||
| Treynor Ratio | 3.61 |
Revance Backtested Returns
Revance maintains Sharpe Ratio (i.e., Efficiency) of -0.0903, which implies the firm had a -0.0903% return per unit of risk over the last 3 months. Revance exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Revance's Variance of 43.96, coefficient of variation of (1,107), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Revance are expected to decrease at a much lower rate. During the bear market, Revance is likely to outperform the market. At this point, Revance has a negative expected return of -0.6%. Please make sure to check Revance's potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and market facilitation index , to decide if Revance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Revance has virtually no predictability. Overlapping area represents the amount of predictability between Revance time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Revance price movement. The serial correlation of 0.03 indicates that only 3.0% of current Revance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Revance lagged returns against current returns
Autocorrelation, which is Revance 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 Revance's stock expected returns. We can calculate the autocorrelation of Revance returns to help us make a trade decision. For example, suppose you find that Revance 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 |
Revance 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 Revance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Revance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Revance stock over time.
Current vs Lagged Prices |
| Timeline |
Revance Lagged Returns
When evaluating Revance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Revance stock have on its future price. Revance 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, Revance autocorrelation shows the relationship between Revance stock current value and its past values and can show if there is a momentum factor associated with investing in Revance.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Revance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Revance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Revance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Revance Stock:Check out Revance Correlation, Revance Volatility and Revance Alpha and Beta module to complement your research on Revance. For information on how to trade Revance Stock refer to our How to Trade Revance Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Revance 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.