Uniqure Nv Stock Market Value
| QURE Stock | USD 4.41 0.02 0.46% |
| Symbol | Uniqure |
Uniqure NV Price To Book Ratio
Is Uniqure NV's industry 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 Uniqure NV. If investors know Uniqure 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 Uniqure NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share (6.47) | Revenue Per Share 0.332 | Quarterly Revenue Growth (0.94) | Return On Assets (0.22) |
The market value of Uniqure NV is measured differently than its book value, which is the value of Uniqure that is recorded on the company's balance sheet. Investors also form their own opinion of Uniqure NV's value that differs from its market value or its book value, called intrinsic value, which is Uniqure NV'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 Uniqure NV's market value can be influenced by many factors that don't directly affect Uniqure NV'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 Uniqure NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Uniqure NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uniqure NV'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.
Uniqure NV '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 Uniqure NV'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 Uniqure NV.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Uniqure NV on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Uniqure NV or generate 0.0% return on investment in Uniqure NV over 30 days. Uniqure NV is related to or competes with Rocket Pharmaceuticals, Rhythm Pharmaceuticals, Solid Biosciences, MeiraGTx Holdings, Terns Pharmaceuticals, Amylyx Pharmaceuticals, and Acumen Pharmaceuticals. uniQure N.V., a gene therapy company, engages in the development of treatments for patients suffering from genetic and o... More
Uniqure NV 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 Uniqure NV'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 Uniqure NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 24.01 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 6.84 |
Uniqure NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uniqure NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uniqure NV's standard deviation. In reality, there are many statistical measures that can use Uniqure NV historical prices to predict the future Uniqure NV's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 7.43 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Uniqure NV'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.
Uniqure NV Backtested Returns
Uniqure NV owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0696, which indicates the firm had a -0.0696% return per unit of risk over the last 3 months. Uniqure NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Uniqure NV's Risk Adjusted Performance of (0.04), variance of 16.57, and Coefficient Of Variation of (1,241) to confirm the risk estimate we provide. The entity has a beta of -0.0455, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Uniqure NV are expected to decrease at a much lower rate. During the bear market, Uniqure NV is likely to outperform the market. Uniqure NV has an expected return of -0.29%. Please make sure to validate Uniqure NV potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Uniqure NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Uniqure NV has very good predictability. Overlapping area represents the amount of predictability between Uniqure NV time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Uniqure NV price movement. The serial correlation of 0.8 indicates that around 80.0% of current Uniqure NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Uniqure NV lagged returns against current returns
Autocorrelation, which is Uniqure NV 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 Uniqure NV's stock expected returns. We can calculate the autocorrelation of Uniqure NV returns to help us make a trade decision. For example, suppose you find that Uniqure NV 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 |
Uniqure NV 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 Uniqure NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uniqure NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uniqure NV stock over time.
Current vs Lagged Prices |
| Timeline |
Uniqure NV Lagged Returns
When evaluating Uniqure NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uniqure NV stock have on its future price. Uniqure NV 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, Uniqure NV autocorrelation shows the relationship between Uniqure NV stock current value and its past values and can show if there is a momentum factor associated with investing in Uniqure NV.
Regressed Prices |
| Timeline |
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Check out Uniqure NV Correlation, Uniqure NV Volatility and Uniqure NV Alpha and Beta module to complement your research on Uniqure NV. For information on how to trade Uniqure Stock refer to our How to Trade Uniqure Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Uniqure Stock analysis
When running Uniqure NV's price analysis, check to measure Uniqure NV'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 Uniqure NV is operating at the current time. Most of Uniqure NV's value examination focuses on studying past and present price action to predict the probability of Uniqure NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uniqure NV's price. Additionally, you may evaluate how the addition of Uniqure NV to your portfolios can decrease your overall portfolio volatility.
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Uniqure NV 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.