Erasca Inc Stock Market Value

ERAS Stock  USD 2.92  0.14  5.04%   
Erasca's market value is the price at which a share of Erasca trades on a public exchange. It measures the collective expectations of Erasca Inc investors about its performance. Erasca is selling for under 2.92 as of the 29th of November 2024; that is 5.04 percent increase since the beginning of the trading day. The stock's lowest day price was 2.79.
With this module, you can estimate the performance of a buy and hold strategy of Erasca Inc and determine expected loss or profit from investing in Erasca over a given investment horizon. Check out Erasca Correlation, Erasca Volatility and Erasca Alpha and Beta module to complement your research on Erasca.
Symbol

Erasca 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 Erasca. If investors know Erasca 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 Erasca listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.79)
Return On Assets
(0.19)
Return On Equity
(0.39)
The market value of Erasca Inc is measured differently than its book value, which is the value of Erasca that is recorded on the company's balance sheet. Investors also form their own opinion of Erasca's value that differs from its market value or its book value, called intrinsic value, which is Erasca'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 Erasca's market value can be influenced by many factors that don't directly affect Erasca'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 Erasca's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erasca is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erasca'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.

Erasca '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 Erasca'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 Erasca.
0.00
05/09/2023
No Change 0.00  0.0 
In 1 year 6 months and 24 days
11/29/2024
0.00
If you would invest  0.00  in Erasca on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Erasca Inc or generate 0.0% return on investment in Erasca over 570 days. Erasca is related to or competes with Cue Biopharma, Tff Pharmaceuticals, Eliem Therapeutics, Inhibrx, Enliven Therapeutics, and Molecular Partners. Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therap... More

Erasca 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 Erasca'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 Erasca Inc upside and downside potential and time the market with a certain degree of confidence.

Erasca Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Erasca's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erasca's standard deviation. In reality, there are many statistical measures that can use Erasca historical prices to predict the future Erasca's volatility.
Hype
Prediction
LowEstimatedHigh
0.152.926.82
Details
Intrinsic
Valuation
LowRealHigh
0.594.498.39
Details
Naive
Forecast
LowNextHigh
0.062.916.80
Details
8 Analysts
Consensus
LowTargetHigh
8.849.7110.78
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Erasca. Your research has to be compared to or analyzed against Erasca's peers to derive any actionable benefits. When done correctly, Erasca's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Erasca Inc.

Erasca Inc Backtested Returns

Currently, Erasca Inc is relatively risky. Erasca Inc secures Sharpe Ratio (or Efficiency) of 0.0451, which denotes the company had a 0.0451% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Erasca Inc, which you can use to evaluate the volatility of the firm. Please confirm Erasca's Downside Deviation of 3.86, semi deviation of 3.55, and Mean Deviation of 3.24 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Erasca has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.88, 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, Erasca will likely underperform. Erasca Inc right now shows a risk of 3.9%. Please confirm Erasca Inc coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Erasca Inc will be following its price patterns.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

Erasca Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Erasca time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Erasca Inc price movement. The serial correlation of -0.73 indicates that around 73.0% of current Erasca price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test-0.67
Residual Average0.0
Price Variance0.15

Erasca Inc lagged returns against current returns

Autocorrelation, which is Erasca 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 Erasca's stock expected returns. We can calculate the autocorrelation of Erasca returns to help us make a trade decision. For example, suppose you find that Erasca 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  

Erasca 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 Erasca stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erasca stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erasca stock over time.
   Current vs Lagged Prices   
       Timeline  

Erasca Lagged Returns

When evaluating Erasca's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erasca stock have on its future price. Erasca 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, Erasca autocorrelation shows the relationship between Erasca stock current value and its past values and can show if there is a momentum factor associated with investing in Erasca Inc.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Erasca Stock Analysis

When running Erasca's price analysis, check to measure Erasca'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 Erasca is operating at the current time. Most of Erasca's value examination focuses on studying past and present price action to predict the probability of Erasca's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erasca's price. Additionally, you may evaluate how the addition of Erasca to your portfolios can decrease your overall portfolio volatility.