Seer Inc Stock Market Value
| SEER Stock | USD 2.47 0.03 1.20% |
| Symbol | Seer |
Seer Inc Price To Book Ratio
Is Life Sciences Tools & Services 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 Seer. If investors know Seer 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 Seer listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.30) | Revenue Per Share 0.23 | Quarterly Revenue Growth (0.03) | Return On Assets (0.15) | Return On Equity (0.22) |
The market value of Seer Inc is measured differently than its book value, which is the value of Seer that is recorded on the company's balance sheet. Investors also form their own opinion of Seer's value that differs from its market value or its book value, called intrinsic value, which is Seer'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 Seer's market value can be influenced by many factors that don't directly affect Seer'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 Seer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seer'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.
Seer '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 Seer'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 Seer.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Seer on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Seer Inc or generate 0.0% return on investment in Seer over 60 days. Seer is related to or competes with Oric Pharmaceuticals, Anebulo Pharmaceuticals, Cullinan Oncology, C4 Therapeutics, Molecular Partners, Mineralys Therapeutics,, and AN2 Therapeutics. Seer, Inc., a life sciences company, engages in developing and commercializing products to decode the secrets of the pro... More
Seer 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 Seer'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 Seer Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.1685 | |||
| Maximum Drawdown | 15.38 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 6.32 |
Seer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seer's standard deviation. In reality, there are many statistical measures that can use Seer historical prices to predict the future Seer's volatility.| Risk Adjusted Performance | 0.17 | |||
| Jensen Alpha | 0.4988 | |||
| Total Risk Alpha | 0.1667 | |||
| Sortino Ratio | 0.2047 | |||
| Treynor Ratio | 0.696 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seer'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.
Seer Inc Backtested Returns
Seer appears to be unstable, given 3 months investment horizon. Seer Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. By inspecting Seer's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please review Seer's Semi Deviation of 1.79, risk adjusted performance of 0.17, and Coefficient Of Variation of 471.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Seer holds a performance score of 18. The entity has a beta of 0.86, which indicates possible diversification benefits within a given portfolio. Seer returns are very sensitive to returns on the market. As the market goes up or down, Seer is expected to follow. Please check Seer's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Seer's existing price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Seer Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Seer time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Seer Inc price movement. The serial correlation of -0.16 indicates that over 16.0% of current Seer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Seer Inc lagged returns against current returns
Autocorrelation, which is Seer 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 Seer's stock expected returns. We can calculate the autocorrelation of Seer returns to help us make a trade decision. For example, suppose you find that Seer 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 |
Seer 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 Seer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seer stock over time.
Current vs Lagged Prices |
| Timeline |
Seer Lagged Returns
When evaluating Seer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seer stock have on its future price. Seer 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, Seer autocorrelation shows the relationship between Seer stock current value and its past values and can show if there is a momentum factor associated with investing in Seer Inc.
Regressed Prices |
| Timeline |
Pair Trading with Seer
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 Seer 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 Seer will appreciate offsetting losses from the drop in the long position's value.Moving against Seer Stock
| 0.91 | VALN | Valneva SE ADR | PairCorr |
| 0.81 | DRRX | Durect | PairCorr |
| 0.79 | ME | 23Andme Holding | PairCorr |
| 0.73 | DRMA | Dermata Therapeutics | PairCorr |
| 0.57 | DNTH | Dianthus Therapeutics | PairCorr |
The ability to find closely correlated positions to Seer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seer 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 Seer - 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 Seer Inc to buy it.
The correlation of Seer 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 Seer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seer Inc 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 Seer 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.Additional Tools for Seer Stock Analysis
When running Seer's price analysis, check to measure Seer's 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 Seer is operating at the current time. Most of Seer's value examination focuses on studying past and present price action to predict the probability of Seer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seer's price. Additionally, you may evaluate how the addition of Seer to your portfolios can decrease your overall portfolio volatility.