Acelyrin, Inc Common Stock Market Value
| SLRN Stock | USD 4.57 0.07 1.51% |
| Symbol | ACELYRIN, |
ACELYRIN, INC Common 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 ACELYRIN, INC. If investors know ACELYRIN, 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 ACELYRIN, INC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.46) | Return On Assets (0.33) | Return On Equity (0.42) |
The market value of ACELYRIN, INC Common is measured differently than its book value, which is the value of ACELYRIN, that is recorded on the company's balance sheet. Investors also form their own opinion of ACELYRIN, INC's value that differs from its market value or its book value, called intrinsic value, which is ACELYRIN, INC'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 ACELYRIN, INC's market value can be influenced by many factors that don't directly affect ACELYRIN, INC'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 ACELYRIN, INC's value and its price as these two are different measures arrived at by different means. Investors typically determine if ACELYRIN, INC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ACELYRIN, INC'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.
ACELYRIN, INC '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 ACELYRIN, INC'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 ACELYRIN, INC.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in ACELYRIN, INC on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ACELYRIN, INC Common or generate 0.0% return on investment in ACELYRIN, INC over 30 days. ACELYRIN, INC is related to or competes with Inflection Point, Sabre Corpo, Griffon, Sapiens International, Hurco Companies, and CECO Environmental. ACELYRIN, INC is entity of United States More
ACELYRIN, INC 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 ACELYRIN, INC'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 ACELYRIN, INC Common upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 28.93 | |||
| Value At Risk | (8.30) | |||
| Potential Upside | 8.55 |
ACELYRIN, INC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACELYRIN, INC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACELYRIN, INC's standard deviation. In reality, there are many statistical measures that can use ACELYRIN, INC historical prices to predict the future ACELYRIN, INC's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.01) |
ACELYRIN, INC Common Backtested Returns
As of now, ACELYRIN, Stock is risky. ACELYRIN, INC Common secures Sharpe Ratio (or Efficiency) of 0.0253, which signifies that the company had a 0.0253% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for ACELYRIN, INC Common, which you can use to evaluate the volatility of the entity. Please confirm ACELYRIN, INC's variance of 26.08, and Mean Deviation of 3.64 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. ACELYRIN, INC has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.15, which signifies 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, ACELYRIN, INC will likely underperform. ACELYRIN, INC Common at this moment shows a risk of 5.18%. Please confirm ACELYRIN, INC Common maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if ACELYRIN, INC Common will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
ACELYRIN, INC Common has weak reverse predictability. Overlapping area represents the amount of predictability between ACELYRIN, INC time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 ACELYRIN, INC Common price movement. The serial correlation of -0.25 indicates that over 25.0% of current ACELYRIN, INC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
ACELYRIN, INC Common lagged returns against current returns
Autocorrelation, which is ACELYRIN, INC 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 ACELYRIN, INC's stock expected returns. We can calculate the autocorrelation of ACELYRIN, INC returns to help us make a trade decision. For example, suppose you find that ACELYRIN, INC 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 |
ACELYRIN, INC 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 ACELYRIN, INC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACELYRIN, INC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACELYRIN, INC stock over time.
Current vs Lagged Prices |
| Timeline |
ACELYRIN, INC Lagged Returns
When evaluating ACELYRIN, INC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACELYRIN, INC stock have on its future price. ACELYRIN, INC 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, ACELYRIN, INC autocorrelation shows the relationship between ACELYRIN, INC stock current value and its past values and can show if there is a momentum factor associated with investing in ACELYRIN, INC Common.
Regressed Prices |
| Timeline |
Pair Trading with ACELYRIN, INC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ACELYRIN, INC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ACELYRIN, INC will appreciate offsetting losses from the drop in the long position's value.Moving together with ACELYRIN, Stock
Moving against ACELYRIN, Stock
| 0.6 | ELAN | Elanco Animal Health Potential Growth | PairCorr |
| 0.35 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.32 | HLN | Haleon plc | PairCorr |
The ability to find closely correlated positions to ACELYRIN, INC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACELYRIN, INC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ACELYRIN, INC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ACELYRIN, INC Common to buy it.
The correlation of ACELYRIN, INC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ACELYRIN, INC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ACELYRIN, INC Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ACELYRIN, INC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ACELYRIN, INC Correlation, ACELYRIN, INC Volatility and ACELYRIN, INC Alpha and Beta module to complement your research on ACELYRIN, INC. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
ACELYRIN, INC 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.