Elutia Inc Stock Market Value
ELUT Stock | 3.94 0.21 5.06% |
Symbol | Elutia |
Elutia Inc 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 Elutia. If investors know Elutia 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 Elutia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.35) | Revenue Per Share 1.122 | Quarterly Revenue Growth (0.01) | Return On Assets (0.29) |
The market value of Elutia Inc is measured differently than its book value, which is the value of Elutia that is recorded on the company's balance sheet. Investors also form their own opinion of Elutia's value that differs from its market value or its book value, called intrinsic value, which is Elutia'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 Elutia's market value can be influenced by many factors that don't directly affect Elutia'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 Elutia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elutia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elutia'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.
Elutia '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 Elutia'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 Elutia.
07/08/2023 |
| 12/29/2024 |
If you would invest 0.00 in Elutia on July 8, 2023 and sell it all today you would earn a total of 0.00 from holding Elutia Inc or generate 0.0% return on investment in Elutia over 540 days. Elutia is related to or competes with Verde Clean, Alvotech, LENSAR, Mink Therapeutics, Summit Therapeutics, and Tarsus Pharmaceuticals. Elutia is entity of United States. It is traded as Stock on NASDAQ exchange. More
Elutia 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 Elutia'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 Elutia Inc upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 4.64 | |||
Information Ratio | 0.0366 | |||
Maximum Drawdown | 46.61 | |||
Value At Risk | (7.05) | |||
Potential Upside | 9.45 |
Elutia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elutia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elutia's standard deviation. In reality, there are many statistical measures that can use Elutia historical prices to predict the future Elutia's volatility.Risk Adjusted Performance | 0.0418 | |||
Jensen Alpha | 0.2462 | |||
Total Risk Alpha | 0.0806 | |||
Sortino Ratio | 0.0528 | |||
Treynor Ratio | 0.2795 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elutia's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Elutia Inc Backtested Returns
Elutia appears to be risky, given 3 months investment horizon. Elutia Inc secures Sharpe Ratio (or Efficiency) of 0.0376, which denotes the company had a 0.0376% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Elutia Inc, which you can use to evaluate the volatility of the firm. Please utilize Elutia's Mean Deviation of 3.75, downside deviation of 4.64, and Coefficient Of Variation of 2418.33 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elutia holds a performance score of 2. The firm shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Elutia returns are very sensitive to returns on the market. As the market goes up or down, Elutia is expected to follow. Please check Elutia's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Elutia's price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Elutia Inc has insignificant predictability. Overlapping area represents the amount of predictability between Elutia time series from 8th of July 2023 to 3rd of April 2024 and 3rd of April 2024 to 29th of December 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 Elutia Inc price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Elutia price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.13 | |
Spearman Rank Test | 0.33 | |
Residual Average | 0.0 | |
Price Variance | 0.27 |
Elutia Inc lagged returns against current returns
Autocorrelation, which is Elutia 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 Elutia's stock expected returns. We can calculate the autocorrelation of Elutia returns to help us make a trade decision. For example, suppose you find that Elutia 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 |
Elutia 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 Elutia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elutia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elutia stock over time.
Current vs Lagged Prices |
Timeline |
Elutia Lagged Returns
When evaluating Elutia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elutia stock have on its future price. Elutia 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, Elutia autocorrelation shows the relationship between Elutia stock current value and its past values and can show if there is a momentum factor associated with investing in Elutia Inc.
Regressed Prices |
Timeline |
Thematic Opportunities
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Additional Tools for Elutia Stock Analysis
When running Elutia's price analysis, check to measure Elutia's 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 Elutia is operating at the current time. Most of Elutia's value examination focuses on studying past and present price action to predict the probability of Elutia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elutia's price. Additionally, you may evaluate how the addition of Elutia to your portfolios can decrease your overall portfolio volatility.