Sorrento Therape Stock Market Value
| SRNE Stock | USD 0 0.0007 28.00% |
| Symbol | Sorrento |
Sorrento Therape '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 Sorrento Therape's otc 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 Sorrento Therape.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Sorrento Therape on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sorrento Therape or generate 0.0% return on investment in Sorrento Therape over 60 days. Sorrento Therape is related to or competes with Delta Air, BCE, Nextplat Corp, Sphere Entertainment, Socket Mobile, Valneva SE, and Sun Country. Sorrento Therapeutics, Inc., a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, a... More
Sorrento Therape 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 Sorrento Therape's otc 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 Sorrento Therape upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.21 | |||
| Information Ratio | 0.0402 | |||
| Maximum Drawdown | 147.62 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 48.15 |
Sorrento Therape Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sorrento Therape's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sorrento Therape's standard deviation. In reality, there are many statistical measures that can use Sorrento Therape historical prices to predict the future Sorrento Therape's volatility.| Risk Adjusted Performance | 0.0439 | |||
| Jensen Alpha | 0.7402 | |||
| Total Risk Alpha | (3.02) | |||
| Sortino Ratio | 0.0453 | |||
| Treynor Ratio | 0.2801 |
Sorrento Therape Backtested Returns
Sorrento Therape is out of control given 3 months investment horizon. Sorrento Therape owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0586, which indicates the firm had a 0.0586% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.69% are justified by taking the suggested risk. Use Sorrento Therape Coefficient Of Variation of 2239.83, risk adjusted performance of 0.0439, and Semi Deviation of 19.35 to evaluate company specific risk that cannot be diversified away. Sorrento Therape holds a performance score of 4 on a scale of zero to a hundred. The entity has a beta of 4.49, which indicates 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, Sorrento Therape will likely underperform. Use Sorrento Therape value at risk and the relationship between the expected short fall and market facilitation index , to analyze future returns on Sorrento Therape.
Auto-correlation | 0.28 |
Poor predictability
Sorrento Therape has poor predictability. Overlapping area represents the amount of predictability between Sorrento Therape time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Sorrento Therape price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Sorrento Therape price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sorrento Therape lagged returns against current returns
Autocorrelation, which is Sorrento Therape otc 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 Sorrento Therape's otc stock expected returns. We can calculate the autocorrelation of Sorrento Therape returns to help us make a trade decision. For example, suppose you find that Sorrento Therape has exhibited high autocorrelation historically, and you observe that the otc 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 |
Sorrento Therape 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 Sorrento Therape otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sorrento Therape otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sorrento Therape otc stock over time.
Current vs Lagged Prices |
| Timeline |
Sorrento Therape Lagged Returns
When evaluating Sorrento Therape's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sorrento Therape otc stock have on its future price. Sorrento Therape 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, Sorrento Therape autocorrelation shows the relationship between Sorrento Therape otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sorrento Therape.
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.Other Information on Investing in Sorrento OTC Stock
Sorrento Therape financial ratios help investors to determine whether Sorrento OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sorrento with respect to the benefits of owning Sorrento Therape security.