Avita Medical Stock Market Value
| RCEL Stock | USD 12.82 0.03 0.23% |
| Symbol | Avita |
Avita Medical 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 Avita Medical. If investors know Avita 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 Avita Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.23) | Revenue Per Share 2.335 | Quarterly Revenue Growth 0.432 | Return On Assets (0.45) | Return On Equity (1.52) |
The market value of Avita Medical is measured differently than its book value, which is the value of Avita that is recorded on the company's balance sheet. Investors also form their own opinion of Avita Medical's value that differs from its market value or its book value, called intrinsic value, which is Avita Medical'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 Avita Medical's market value can be influenced by many factors that don't directly affect Avita Medical'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 Avita Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avita Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avita Medical'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.
Avita Medical '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 Avita Medical'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 Avita Medical.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Avita Medical on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Avita Medical or generate 0.0% return on investment in Avita Medical over 360 days. Avita Medical is related to or competes with Tff Pharmaceuticals, Eliem Therapeutics, Inhibrx, and Enliven Therapeutics. AVITA Medical, Inc. operates as a commercial-stage regenerative tissue company in the United States, Australia, and the ... More
Avita Medical 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 Avita Medical'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 Avita Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | 0.1456 | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.89 |
Avita Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avita Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avita Medical's standard deviation. In reality, there are many statistical measures that can use Avita Medical historical prices to predict the future Avita Medical's volatility.| Risk Adjusted Performance | 0.1549 | |||
| Jensen Alpha | 0.3252 | |||
| Total Risk Alpha | 0.0658 | |||
| Sortino Ratio | 0.1526 | |||
| Treynor Ratio | 0.312 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avita Medical's 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.
Avita Medical Backtested Returns
Avita Medical appears to be not too volatile, given 3 months investment horizon. Avita Medical secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By analyzing Avita Medical's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Avita Medical's Risk Adjusted Performance of 0.1549, downside deviation of 2.77, and Mean Deviation of 2.26 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avita Medical holds a performance score of 19. The firm shows a Beta (market volatility) of 1.76, which signifies 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, Avita Medical will likely underperform. Please check Avita Medical's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Avita Medical's price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Avita Medical has good reverse predictability. Overlapping area represents the amount of predictability between Avita Medical time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Avita Medical price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Avita Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.87 |
Avita Medical lagged returns against current returns
Autocorrelation, which is Avita Medical 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 Avita Medical's stock expected returns. We can calculate the autocorrelation of Avita Medical returns to help us make a trade decision. For example, suppose you find that Avita Medical 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 |
Avita Medical 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 Avita Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avita Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avita Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Avita Medical Lagged Returns
When evaluating Avita Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avita Medical stock have on its future price. Avita Medical 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, Avita Medical autocorrelation shows the relationship between Avita Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Avita Medical.
Regressed Prices |
| Timeline |
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Avita Medical 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.