60 Degrees Pharmaceuticals, Stock Market Value
| SXTPW Stock | 0.02 0.00 0.00% |
| Symbol | SXTPW |
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 60 Degrees. If investors know SXTPW 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 60 Degrees 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 60 Degrees Pharmaceu is measured differently than its book value, which is the value of SXTPW that is recorded on the company's balance sheet. Investors also form their own opinion of 60 Degrees' value that differs from its market value or its book value, called intrinsic value, which is 60 Degrees' 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 60 Degrees' market value can be influenced by many factors that don't directly affect 60 Degrees' 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 60 Degrees' value and its price as these two are different measures arrived at by different means. Investors typically determine if 60 Degrees is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 60 Degrees' 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.
60 Degrees '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 60 Degrees' 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 60 Degrees.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in 60 Degrees on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding 60 Degrees Pharmaceuticals, or generate 0.0% return on investment in 60 Degrees over 720 days. 60 Degrees is related to or competes with Eliem Therapeutics, Scpharmaceuticals, Milestone Pharmaceuticals, Seres Therapeutics, and Lumos Pharma. 60 Degrees is entity of United States. It is traded as Stock on NASDAQ exchange. More
60 Degrees 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 60 Degrees' 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 60 Degrees Pharmaceuticals, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.78 | |||
| Information Ratio | 0.0966 | |||
| Maximum Drawdown | 232.87 | |||
| Value At Risk | (45.95) | |||
| Potential Upside | 50.38 |
60 Degrees Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 60 Degrees' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 60 Degrees' standard deviation. In reality, there are many statistical measures that can use 60 Degrees historical prices to predict the future 60 Degrees' volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 3.95 | |||
| Total Risk Alpha | (2.25) | |||
| Sortino Ratio | 0.1269 | |||
| Treynor Ratio | 6.66 |
60 Degrees Pharmaceu Backtested Returns
60 Degrees is out of control given 3 months investment horizon. 60 Degrees Pharmaceu retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the company had a 0.16% return per unit of price deviation over the last 3 months. We were able to interpolate data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 9.48% are justified by taking the suggested risk. Use 60 Degrees Pharmaceu Market Risk Adjusted Performance of 6.67, standard deviation of 40.43, and Coefficient Of Variation of 1001.96 to evaluate company specific risk that cannot be diversified away. 60 Degrees holds a performance score of 12 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 60 Degrees' returns are expected to increase less than the market. However, during the bear market, the loss of holding 60 Degrees is expected to be smaller as well. Use 60 Degrees Pharmaceu information ratio, as well as the relationship between the value at risk and kurtosis , to analyze future returns on 60 Degrees Pharmaceu.
Auto-correlation | -0.08 |
Very weak reverse predictability
60 Degrees Pharmaceuticals, has very weak reverse predictability. Overlapping area represents the amount of predictability between 60 Degrees time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 60 Degrees Pharmaceu price movement. The serial correlation of -0.08 indicates that barely 8.0% of current 60 Degrees price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
60 Degrees Pharmaceu lagged returns against current returns
Autocorrelation, which is 60 Degrees 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 60 Degrees' stock expected returns. We can calculate the autocorrelation of 60 Degrees returns to help us make a trade decision. For example, suppose you find that 60 Degrees 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 |
60 Degrees 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 60 Degrees stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 60 Degrees stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 60 Degrees stock over time.
Current vs Lagged Prices |
| Timeline |
60 Degrees Lagged Returns
When evaluating 60 Degrees' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 60 Degrees stock have on its future price. 60 Degrees 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, 60 Degrees autocorrelation shows the relationship between 60 Degrees stock current value and its past values and can show if there is a momentum factor associated with investing in 60 Degrees Pharmaceuticals,.
Regressed Prices |
| Timeline |
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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.Additional Tools for SXTPW Stock Analysis
When running 60 Degrees' price analysis, check to measure 60 Degrees' 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 60 Degrees is operating at the current time. Most of 60 Degrees' value examination focuses on studying past and present price action to predict the probability of 60 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 60 Degrees' price. Additionally, you may evaluate how the addition of 60 Degrees to your portfolios can decrease your overall portfolio volatility.