Scynexis Stock Market Value
| SCYX Stock | USD 1.32 0.05 3.65% |
| Symbol | Scynexis |
Scynexis Price To Book Ratio
Is Pharmaceuticals 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 Scynexis. If investors know Scynexis 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 Scynexis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.76) | Revenue Per Share 0.177 | Quarterly Revenue Growth (0.62) | Return On Assets (0.27) | Return On Equity (0.48) |
The market value of Scynexis is measured differently than its book value, which is the value of Scynexis that is recorded on the company's balance sheet. Investors also form their own opinion of Scynexis' value that differs from its market value or its book value, called intrinsic value, which is Scynexis' 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 Scynexis' market value can be influenced by many factors that don't directly affect Scynexis' 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 Scynexis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Scynexis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scynexis' 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.
Scynexis '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 Scynexis' 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 Scynexis.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Scynexis on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Scynexis or generate 0.0% return on investment in Scynexis over 30 days. Scynexis is related to or competes with Biofrontera, Shuttle Pharmaceuticals, Akanda Corp, China Pharma, Phibro Animal, Silver Spike, and Pacira BioSciences,. SCYNEXIS, Inc., a biotechnology company, develops products for the treatment fungal infections in the United States More
Scynexis 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 Scynexis' 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 Scynexis upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.77 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.96 |
Scynexis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scynexis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scynexis' standard deviation. In reality, there are many statistical measures that can use Scynexis historical prices to predict the future Scynexis' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scynexis' 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.
Scynexis Backtested Returns
Scynexis owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.01, which indicates the firm had a -0.01% return per unit of risk over the last 3 months. Scynexis exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scynexis' Risk Adjusted Performance of (0.01), coefficient of variation of (3,724), and Variance of 12.18 to confirm the risk estimate we provide. The entity has a beta of 1.2, which indicates 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, Scynexis will likely underperform. At this point, Scynexis has a negative expected return of -0.0345%. Please make sure to validate Scynexis' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Scynexis performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Scynexis has very good reverse predictability. Overlapping area represents the amount of predictability between Scynexis time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Scynexis price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Scynexis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Scynexis lagged returns against current returns
Autocorrelation, which is Scynexis 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 Scynexis' stock expected returns. We can calculate the autocorrelation of Scynexis returns to help us make a trade decision. For example, suppose you find that Scynexis 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 |
Scynexis 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 Scynexis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scynexis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scynexis stock over time.
Current vs Lagged Prices |
| Timeline |
Scynexis Lagged Returns
When evaluating Scynexis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scynexis stock have on its future price. Scynexis 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, Scynexis autocorrelation shows the relationship between Scynexis stock current value and its past values and can show if there is a momentum factor associated with investing in Scynexis.
Regressed Prices |
| Timeline |
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When running Scynexis' price analysis, check to measure Scynexis' 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 Scynexis is operating at the current time. Most of Scynexis' value examination focuses on studying past and present price action to predict the probability of Scynexis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scynexis' price. Additionally, you may evaluate how the addition of Scynexis to your portfolios can decrease your overall portfolio volatility.