Surrozen Stock Market Value
| SRZN Stock | USD 12.20 1.98 19.37% |
| Symbol | Surrozen |
Surrozen 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 Surrozen. If investors know Surrozen 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 Surrozen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (16.94) | Revenue Per Share 3.804 | Return On Assets (0.33) | Return On Equity (1.74) |
The market value of Surrozen is measured differently than its book value, which is the value of Surrozen that is recorded on the company's balance sheet. Investors also form their own opinion of Surrozen's value that differs from its market value or its book value, called intrinsic value, which is Surrozen'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 Surrozen's market value can be influenced by many factors that don't directly affect Surrozen'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 Surrozen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Surrozen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Surrozen'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.
Surrozen '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 Surrozen'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 Surrozen.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Surrozen on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Surrozen or generate 0.0% return on investment in Surrozen over 180 days. Surrozen is related to or competes with Bolt Biotherapeutics, Larimar Therapeutics, Keros Therapeutics, Kezar Life, Processa Pharmaceuticals, Tempest Therapeutics, and Replimune. Surrozen, Inc., a biotechnology company, discovers and develops drug candidates to selectively modulate the Wnt pathway ... More
Surrozen 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 Surrozen'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 Surrozen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.04 | |||
| Information Ratio | 0.071 | |||
| Maximum Drawdown | 33.59 | |||
| Value At Risk | (7.91) | |||
| Potential Upside | 16.88 |
Surrozen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surrozen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surrozen's standard deviation. In reality, there are many statistical measures that can use Surrozen historical prices to predict the future Surrozen's volatility.| Risk Adjusted Performance | 0.0781 | |||
| Jensen Alpha | 0.7332 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | 0.0996 | |||
| Treynor Ratio | (0.77) |
Surrozen Backtested Returns
Surrozen appears to be unstable, given 3 months investment horizon. Surrozen owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0637, which indicates the firm had a 0.0637% return per unit of risk over the last 3 months. We have found thirty technical indicators for Surrozen, which you can use to evaluate the volatility of the company. Please review Surrozen's Coefficient Of Variation of 1105.44, semi deviation of 4.83, and Risk Adjusted Performance of 0.0781 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Surrozen holds a performance score of 5. The entity has a beta of -0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Surrozen are expected to decrease at a much lower rate. During the bear market, Surrozen is likely to outperform the market. Please check Surrozen's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Surrozen's existing price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Surrozen has weak reverse predictability. Overlapping area represents the amount of predictability between Surrozen 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 Surrozen price movement. The serial correlation of -0.25 indicates that over 25.0% of current Surrozen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.38 |
Surrozen lagged returns against current returns
Autocorrelation, which is Surrozen 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 Surrozen's stock expected returns. We can calculate the autocorrelation of Surrozen returns to help us make a trade decision. For example, suppose you find that Surrozen 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 |
Surrozen 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 Surrozen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surrozen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surrozen stock over time.
Current vs Lagged Prices |
| Timeline |
Surrozen Lagged Returns
When evaluating Surrozen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surrozen stock have on its future price. Surrozen 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, Surrozen autocorrelation shows the relationship between Surrozen stock current value and its past values and can show if there is a momentum factor associated with investing in Surrozen.
Regressed Prices |
| Timeline |
Pair Trading with Surrozen
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 Surrozen 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 Surrozen will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Surrozen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surrozen 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 Surrozen - 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 Surrozen to buy it.
The correlation of Surrozen 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 Surrozen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surrozen 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 Surrozen 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 Surrozen Correlation, Surrozen Volatility and Surrozen Alpha and Beta module to complement your research on Surrozen. To learn how to invest in Surrozen Stock, please use our How to Invest in Surrozen guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Surrozen 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.