Immatics Nv Stock Market Value
| IMTX Stock | USD 7.18 0.09 1.24% |
| Symbol | Immatics |
Immatics NV 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 Immatics. If investors know Immatics 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 Immatics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.63) | Revenue Per Share 0.766 | Quarterly Revenue Growth (0.16) | Return On Assets (0.12) | Return On Equity (0.24) |
The market value of Immatics NV is measured differently than its book value, which is the value of Immatics that is recorded on the company's balance sheet. Investors also form their own opinion of Immatics' value that differs from its market value or its book value, called intrinsic value, which is Immatics' 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 Immatics' market value can be influenced by many factors that don't directly affect Immatics' 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 Immatics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Immatics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immatics' 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.
Immatics '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 Immatics' 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 Immatics.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Immatics on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Immatics NV or generate 0.0% return on investment in Immatics over 30 days. Immatics is related to or competes with Crinetics Pharmaceuticals, Alx Oncology, Bioatla, Aerovate Therapeutics, Keros Therapeutics, Syndax Pharmaceuticals, and Mineralys Therapeutics,. Immatics N.V., a clinical-stage biopharmaceutical company, focuses on the discovery and development of T cell receptor b... More
Immatics 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 Immatics' 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 Immatics NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 20.47 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 2.77 |
Immatics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immatics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immatics' standard deviation. In reality, there are many statistical measures that can use Immatics historical prices to predict the future Immatics' volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.87) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (1.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Immatics' 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.
Immatics NV Backtested Returns
Immatics NV holds Efficiency (Sharpe) Ratio of -0.27, which attests that the entity had a -0.27% return per unit of risk over the last 3 months. Immatics NV exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Immatics' Standard Deviation of 2.86, risk adjusted performance of (0.20), and Market Risk Adjusted Performance of (1.33) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Immatics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Immatics is expected to be smaller as well. At this point, Immatics NV has a negative expected return of -0.79%. Please make sure to check out Immatics' information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Immatics NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Immatics NV has very good reverse predictability. Overlapping area represents the amount of predictability between Immatics time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Immatics NV price movement. The serial correlation of -0.7 indicates that around 70.0% of current Immatics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Immatics NV lagged returns against current returns
Autocorrelation, which is Immatics 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 Immatics' stock expected returns. We can calculate the autocorrelation of Immatics returns to help us make a trade decision. For example, suppose you find that Immatics 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 |
Immatics 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 Immatics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immatics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immatics stock over time.
Current vs Lagged Prices |
| Timeline |
Immatics Lagged Returns
When evaluating Immatics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immatics stock have on its future price. Immatics 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, Immatics autocorrelation shows the relationship between Immatics stock current value and its past values and can show if there is a momentum factor associated with investing in Immatics NV.
Regressed Prices |
| Timeline |
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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.Additional Tools for Immatics Stock Analysis
When running Immatics' price analysis, check to measure Immatics' 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 Immatics is operating at the current time. Most of Immatics' value examination focuses on studying past and present price action to predict the probability of Immatics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Immatics' price. Additionally, you may evaluate how the addition of Immatics to your portfolios can decrease your overall portfolio volatility.