Palatin Technologies Stock Market Value
| PTN Stock | USD 1.14 0.01 0.88% |
| Symbol | Palatin |
Palatin Technologies 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 Palatin Technologies. If investors know Palatin 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 Palatin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.98) | Revenue Per Share 0.306 | Quarterly Revenue Growth (0.80) | Return On Assets (1.32) | Return On Equity (6.23) |
The market value of Palatin Technologies is measured differently than its book value, which is the value of Palatin that is recorded on the company's balance sheet. Investors also form their own opinion of Palatin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Palatin Technologies' 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 Palatin Technologies' market value can be influenced by many factors that don't directly affect Palatin Technologies' 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 Palatin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palatin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palatin Technologies' 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.
Palatin Technologies '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 Palatin Technologies' 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 Palatin Technologies.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Palatin Technologies on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Palatin Technologies or generate 0.0% return on investment in Palatin Technologies over 180 days. Palatin Technologies is related to or competes with Tff Pharmaceuticals, Eliem Therapeutics, Inhibrx, and Enliven Therapeutics. Palatin Technologies, Inc., a biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatm... More
Palatin Technologies 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 Palatin Technologies' 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 Palatin Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 25.15 | |||
| Value At Risk | (10.08) | |||
| Potential Upside | 9.57 |
Palatin Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palatin Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palatin Technologies' standard deviation. In reality, there are many statistical measures that can use Palatin Technologies historical prices to predict the future Palatin Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Palatin Technologies' 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.
Palatin Technologies Backtested Returns
Palatin Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.0508, which implies the firm had a -0.0508% return per unit of risk over the last 3 months. Palatin Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Palatin Technologies' Coefficient Of Variation of (1,457), risk adjusted performance of (0.04), and Variance of 31.37 to confirm the risk estimate we provide. The company holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Palatin Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Palatin Technologies is expected to be smaller as well. At this point, Palatin Technologies has a negative expected return of -0.28%. Please make sure to check Palatin Technologies' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Palatin Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Palatin Technologies has weak predictability. Overlapping area represents the amount of predictability between Palatin Technologies time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Palatin Technologies price movement. The serial correlation of 0.2 indicates that over 20.0% of current Palatin Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Palatin Technologies lagged returns against current returns
Autocorrelation, which is Palatin Technologies 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 Palatin Technologies' stock expected returns. We can calculate the autocorrelation of Palatin Technologies returns to help us make a trade decision. For example, suppose you find that Palatin Technologies 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 |
Palatin Technologies 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 Palatin Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palatin Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palatin Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Palatin Technologies Lagged Returns
When evaluating Palatin Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palatin Technologies stock have on its future price. Palatin Technologies 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, Palatin Technologies autocorrelation shows the relationship between Palatin Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Palatin Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Palatin Technologies
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 Palatin Technologies 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 Palatin Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Palatin Stock
| 0.62 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.62 | BHC | Bausch Health Companies | PairCorr |
| 0.55 | HCM | HUTCHMED DRC | PairCorr |
| 0.53 | GANX | Gain Therapeutics | PairCorr |
| 0.5 | BCTXW | BriaCell Therapeutics | PairCorr |
The ability to find closely correlated positions to Palatin Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palatin Technologies 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 Palatin Technologies - 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 Palatin Technologies to buy it.
The correlation of Palatin Technologies 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 Palatin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palatin Technologies 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 Palatin Technologies 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.Check out Palatin Technologies Correlation, Palatin Technologies Volatility and Palatin Technologies Alpha and Beta module to complement your research on Palatin Technologies. To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Palatin Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.