Polypid Stock Market Value
| PYPD Stock | USD 3.34 0.12 3.47% |
| Symbol | PolyPid |
PolyPid 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 PolyPid. If investors know PolyPid 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 PolyPid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.22) | Return On Assets (0.65) | Return On Equity (4.97) |
The market value of PolyPid is measured differently than its book value, which is the value of PolyPid that is recorded on the company's balance sheet. Investors also form their own opinion of PolyPid's value that differs from its market value or its book value, called intrinsic value, which is PolyPid'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 PolyPid's market value can be influenced by many factors that don't directly affect PolyPid'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 PolyPid's value and its price as these two are different measures arrived at by different means. Investors typically determine if PolyPid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PolyPid'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.
PolyPid '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 PolyPid'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 PolyPid.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in PolyPid on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding PolyPid or generate 0.0% return on investment in PolyPid over 180 days. PolyPid is related to or competes with Tff Pharmaceuticals, Eliem Therapeutics, Inhibrx, Enliven Therapeutics, and Molecular Partners. PolyPid Ltd., a late-stage biopharma company, develops, manufactures, and commercializes products based on polymer-lipid... More
PolyPid 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 PolyPid'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 PolyPid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.6 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.57 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 4.66 |
PolyPid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PolyPid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PolyPid's standard deviation. In reality, there are many statistical measures that can use PolyPid historical prices to predict the future PolyPid's volatility.| Risk Adjusted Performance | 0.0163 | |||
| Jensen Alpha | 0.0643 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.11) |
PolyPid Backtested Returns
At this point, PolyPid is somewhat reliable. PolyPid maintains Sharpe Ratio (i.e., Efficiency) of 0.0063, which implies the firm had a 0.0063% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PolyPid, which you can use to evaluate the volatility of the company. Please check PolyPid's Coefficient Of Variation of 9027.0, risk adjusted performance of 0.0163, and Semi Deviation of 3.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.0227%. The company holds a Beta of -0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PolyPid are expected to decrease at a much lower rate. During the bear market, PolyPid is likely to outperform the market. PolyPid right now holds a risk of 3.6%. Please check PolyPid expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if PolyPid will be following its historical price patterns.
Auto-correlation | 0.28 |
Poor predictability
PolyPid has poor predictability. Overlapping area represents the amount of predictability between PolyPid time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 PolyPid price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current PolyPid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PolyPid lagged returns against current returns
Autocorrelation, which is PolyPid 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 PolyPid's stock expected returns. We can calculate the autocorrelation of PolyPid returns to help us make a trade decision. For example, suppose you find that PolyPid 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 |
PolyPid 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 PolyPid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PolyPid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PolyPid stock over time.
Current vs Lagged Prices |
| Timeline |
PolyPid Lagged Returns
When evaluating PolyPid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PolyPid stock have on its future price. PolyPid 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, PolyPid autocorrelation shows the relationship between PolyPid stock current value and its past values and can show if there is a momentum factor associated with investing in PolyPid.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether PolyPid is a strong investment it is important to analyze PolyPid's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PolyPid's future performance. For an informed investment choice regarding PolyPid Stock, refer to the following important reports:Check out PolyPid Correlation, PolyPid Volatility and PolyPid Alpha and Beta module to complement your research on PolyPid. For information on how to trade PolyPid Stock refer to our How to Trade PolyPid Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
PolyPid 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.