Allogene Short Term Investments from 2010 to 2024

ALLO Stock  USD 2.14  0.05  2.28%   
Allogene Therapeutics Short Term Investments yearly trend continues to be very stable with very little volatility. Short Term Investments are likely to grow to about 388.4 M this year. During the period from 2010 to 2024, Allogene Therapeutics Short Term Investments quarterly data regression pattern had sample variance of 50254.2 T and median of 0.00. View All Fundamentals
 
Short Term Investments  
First Reported
2018-09-30
Previous Quarter
274 M
Current Value
240.3 M
Quarterly Volatility
119.6 M
 
Covid
Check Allogene Therapeutics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allogene Therapeutics' main balance sheet or income statement drivers, such as Interest Expense of 20.7 M, Selling General Administrative of 61.1 M or Total Revenue of 90.2 K, as well as many indicators such as Price To Sales Ratio of 5.6 K, Dividend Yield of 0.0 or PTB Ratio of 1.03. Allogene financial statements analysis is a perfect complement when working with Allogene Therapeutics Valuation or Volatility modules.
  
Check out the analysis of Allogene Therapeutics Correlation against competitors.
To learn how to invest in Allogene Stock, please use our How to Invest in Allogene Therapeutics guide.

Latest Allogene Therapeutics' Short Term Investments Growth Pattern

Below is the plot of the Short Term Investments of Allogene Therapeutics over the last few years. Short Term Investments is an item under the current assets section of Allogene Therapeutics balance sheet. It contains any investments Allogene Therapeutics undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Allogene Therapeutics can easily liquidate in the marketplace. It is Allogene Therapeutics' Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allogene Therapeutics' overall financial position and show how it may be relating to other accounts over time.
Short Term Investments10 Years Trend
Slightly volatile
   Short Term Investments   
       Timeline  

Allogene Short Term Investments Regression Statistics

Arithmetic Mean190,686,651
Geometric Mean0.00
Coefficient Of Variation117.56
Mean Deviation203,399,095
Median0.00
Standard Deviation224,174,588
Sample Variance50254.2T
Range644.6M
R-Value0.81
Mean Square Error18811.6T
R-Squared0.65
Significance0.0003
Slope40,488,491
Total Sum of Squares703559.4T

Allogene Short Term Investments History

2024388.4 M
2023365.5 M
2022455.4 M
2021284 M
2020644.6 M
2019355.4 M
2018367 M

Other Fundumenentals of Allogene Therapeutics

Allogene Therapeutics Short Term Investments component correlations

0.99-0.710.941.00.970.930.15-0.280.170.740.62-0.840.66-0.540.35
0.99-0.780.960.990.980.960.26-0.340.090.80.71-0.870.74-0.60.45
-0.71-0.78-0.88-0.71-0.73-0.88-0.730.70.09-0.91-0.960.88-0.940.92-0.87
0.940.96-0.880.940.950.970.36-0.380.030.890.8-0.930.87-0.720.63
1.00.99-0.710.940.970.930.15-0.280.170.740.62-0.840.66-0.540.35
0.970.98-0.730.950.970.940.23-0.32-0.050.730.65-0.870.71-0.50.42
0.930.96-0.880.970.930.940.46-0.44-0.020.850.81-0.90.85-0.720.64
0.150.26-0.730.360.150.230.46-0.87-0.450.450.72-0.460.61-0.690.83
-0.28-0.340.7-0.38-0.28-0.32-0.44-0.870.36-0.42-0.70.47-0.470.62-0.64
0.170.090.090.030.17-0.05-0.02-0.450.360.08-0.150.0-0.14-0.19-0.34
0.740.8-0.910.890.740.730.850.45-0.420.080.93-0.870.94-0.850.76
0.620.71-0.960.80.620.650.810.72-0.7-0.150.93-0.820.92-0.880.87
-0.84-0.870.88-0.93-0.84-0.87-0.9-0.460.470.0-0.87-0.82-0.880.74-0.62
0.660.74-0.940.870.660.710.850.61-0.47-0.140.940.92-0.88-0.840.88
-0.54-0.60.92-0.72-0.54-0.5-0.72-0.690.62-0.19-0.85-0.880.74-0.84-0.83
0.350.45-0.870.630.350.420.640.83-0.64-0.340.760.87-0.620.88-0.83
Click cells to compare fundamentals

About Allogene Therapeutics Financial Statements

Allogene Therapeutics investors utilize fundamental indicators, such as Short Term Investments, to predict how Allogene Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Short Term Investments365.5 M388.4 M
Cash And Short Term Investments448.7 M556.9 M

Pair Trading with Allogene Therapeutics

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 Allogene Therapeutics 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 Allogene Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allogene Stock

  0.62VALN Valneva SE ADRPairCorr
  0.7ERNA Eterna TherapeuticsPairCorr

Moving against Allogene Stock

  0.59DYAI Dyadic InternationalPairCorr
  0.54ESPR Esperion TherapeuticsPairCorr
  0.5BMY Bristol Myers SquibbPairCorr
The ability to find closely correlated positions to Allogene Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allogene Therapeutics 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 Allogene Therapeutics - 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 Allogene Therapeutics to buy it.
The correlation of Allogene Therapeutics 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 Allogene Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allogene Therapeutics 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 Allogene Therapeutics 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.
Pair CorrelationCorrelation Matching
When determining whether Allogene Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allogene Therapeutics' 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 Allogene Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allogene Therapeutics Stock:
Check out the analysis of Allogene Therapeutics Correlation against competitors.
To learn how to invest in Allogene Stock, please use our How to Invest in Allogene Therapeutics guide.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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 Allogene Therapeutics. If investors know Allogene 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 Allogene Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.55)
Quarterly Revenue Growth
(0.27)
Return On Assets
(0.26)
Return On Equity
(0.54)
The market value of Allogene Therapeutics is measured differently than its book value, which is the value of Allogene that is recorded on the company's balance sheet. Investors also form their own opinion of Allogene Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Allogene Therapeutics' 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 Allogene Therapeutics' market value can be influenced by many factors that don't directly affect Allogene Therapeutics' 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 Allogene Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allogene Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allogene Therapeutics' 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.