Zai Lab Stock Market Value
| ZLAB Stock | USD 26.43 0.73 2.84% |
| Symbol | Zai |
Zai Lab 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 Zai Lab. If investors know Zai 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 Zai Lab listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.80) | Revenue Per Share 3.647 | Quarterly Revenue Growth 0.477 | Return On Assets (0.21) | Return On Equity (0.35) |
The market value of Zai Lab is measured differently than its book value, which is the value of Zai that is recorded on the company's balance sheet. Investors also form their own opinion of Zai Lab's value that differs from its market value or its book value, called intrinsic value, which is Zai Lab'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 Zai Lab's market value can be influenced by many factors that don't directly affect Zai Lab'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 Zai Lab's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zai Lab is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zai Lab'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.
Zai Lab '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 Zai Lab'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 Zai Lab.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Zai Lab on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Zai Lab or generate 0.0% return on investment in Zai Lab over 720 days. Zai Lab is related to or competes with C4 Therapeutics, Erasca, Cullinan Oncology, Legend Biotech, Alnylam Pharmaceuticals, Ascendis Pharma, and Roivant Sciences. Zai Lab Limited develops and commercializes therapies to treat oncology, autoimmune disorders, infectious diseases, and ... More
Zai Lab 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 Zai Lab'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 Zai Lab upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.27 | |||
| Information Ratio | 0.1373 | |||
| Maximum Drawdown | 25.6 | |||
| Value At Risk | (5.73) | |||
| Potential Upside | 6.26 |
Zai Lab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zai Lab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zai Lab's standard deviation. In reality, there are many statistical measures that can use Zai Lab historical prices to predict the future Zai Lab's volatility.| Risk Adjusted Performance | 0.1336 | |||
| Jensen Alpha | 0.5841 | |||
| Total Risk Alpha | 0.1273 | |||
| Sortino Ratio | 0.1297 | |||
| Treynor Ratio | 0.941 |
Zai Lab Backtested Returns
Zai Lab appears to be very steady, given 3 months investment horizon. Zai Lab shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. By examining Zai Lab's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Zai Lab's Mean Deviation of 2.85, downside deviation of 4.27, and Market Risk Adjusted Performance of 0.951 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zai Lab holds a performance score of 11. The firm maintains a market beta of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zai Lab's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zai Lab is expected to be smaller as well. Please check Zai Lab's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Zai Lab's historical returns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Zai Lab has very weak reverse predictability. Overlapping area represents the amount of predictability between Zai Lab time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Zai Lab price movement. The serial correlation of -0.03 indicates that only 3.0% of current Zai Lab price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 20.97 |
Zai Lab lagged returns against current returns
Autocorrelation, which is Zai Lab 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 Zai Lab's stock expected returns. We can calculate the autocorrelation of Zai Lab returns to help us make a trade decision. For example, suppose you find that Zai Lab 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 |
Zai Lab 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 Zai Lab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zai Lab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zai Lab stock over time.
Current vs Lagged Prices |
| Timeline |
Zai Lab Lagged Returns
When evaluating Zai Lab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zai Lab stock have on its future price. Zai Lab 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, Zai Lab autocorrelation shows the relationship between Zai Lab stock current value and its past values and can show if there is a momentum factor associated with investing in Zai Lab.
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 Zai Lab offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zai Lab'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 Zai Lab Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zai Lab Stock:Check out Zai Lab Correlation, Zai Lab Volatility and Zai Lab Alpha and Beta module to complement your research on Zai Lab. For information on how to trade Zai Stock refer to our How to Trade Zai Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Zai Lab 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.