Equillium Stock Market Value
| EQ Stock | USD 0.75 0.02 2.60% |
| Symbol | Equillium |
Equillium 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 Equillium. If investors know Equillium 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 Equillium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.12) | Revenue Per Share 1.213 | Quarterly Revenue Growth 0.518 | Return On Assets (0.12) | Return On Equity (0.34) |
The market value of Equillium is measured differently than its book value, which is the value of Equillium that is recorded on the company's balance sheet. Investors also form their own opinion of Equillium's value that differs from its market value or its book value, called intrinsic value, which is Equillium'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 Equillium's market value can be influenced by many factors that don't directly affect Equillium'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 Equillium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equillium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equillium'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.
Equillium '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 Equillium'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 Equillium.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Equillium on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Equillium or generate 0.0% return on investment in Equillium over 540 days. Equillium is related to or competes with Cue Biopharma, Eliem Therapeutics, Inhibrx, and Molecular Partners. Equillium, Inc., a clinical-stage biotechnology company, develops and sells products to treat severe autoimmune and infl... More
Equillium 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 Equillium'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 Equillium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 64.12 | |||
| Value At Risk | (9.35) | |||
| Potential Upside | 13.33 |
Equillium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equillium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equillium's standard deviation. In reality, there are many statistical measures that can use Equillium historical prices to predict the future Equillium's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.30) | |||
| Treynor Ratio | (0.08) |
Equillium Backtested Returns
Equillium secures Sharpe Ratio (or Efficiency) of -0.0089, which denotes the company had a -0.0089% return per unit of risk over the last 3 months. Equillium exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equillium's Mean Deviation of 4.28, variance of 57.89, and Standard Deviation of 7.61 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.03, which means 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, Equillium will likely underperform. At this point, Equillium has a negative expected return of -0.0679%. Please make sure to confirm Equillium's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Equillium performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Equillium has insignificant reverse predictability. Overlapping area represents the amount of predictability between Equillium time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Equillium price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Equillium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Equillium lagged returns against current returns
Autocorrelation, which is Equillium 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 Equillium's stock expected returns. We can calculate the autocorrelation of Equillium returns to help us make a trade decision. For example, suppose you find that Equillium 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 |
Equillium 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 Equillium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equillium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equillium stock over time.
Current vs Lagged Prices |
| Timeline |
Equillium Lagged Returns
When evaluating Equillium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equillium stock have on its future price. Equillium 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, Equillium autocorrelation shows the relationship between Equillium stock current value and its past values and can show if there is a momentum factor associated with investing in Equillium.
Regressed Prices |
| Timeline |
Pair Trading with Equillium
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 Equillium 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 Equillium will appreciate offsetting losses from the drop in the long position's value.Moving against Equillium Stock
| 0.58 | WAT | Waters | PairCorr |
| 0.41 | VTRS | Viatris | PairCorr |
| 0.38 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
| 0.35 | BFRIW | Biofrontera Warrants | PairCorr |
The ability to find closely correlated positions to Equillium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equillium 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 Equillium - 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 Equillium to buy it.
The correlation of Equillium 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 Equillium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equillium 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 Equillium 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.Additional Tools for Equillium Stock Analysis
When running Equillium's price analysis, check to measure Equillium'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 Equillium is operating at the current time. Most of Equillium's value examination focuses on studying past and present price action to predict the probability of Equillium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equillium's price. Additionally, you may evaluate how the addition of Equillium to your portfolios can decrease your overall portfolio volatility.