Addex Therapeutics Stock Market Value

ADXN Stock  USD 7.89  0.11  1.38%   
Addex Therapeutics' market value is the price at which a share of Addex Therapeutics trades on a public exchange. It measures the collective expectations of Addex Therapeutics investors about its performance. Addex Therapeutics is selling at 7.89 as of the 12th of December 2024; that is 1.38 percent decrease since the beginning of the trading day. The stock's open price was 8.0.
With this module, you can estimate the performance of a buy and hold strategy of Addex Therapeutics and determine expected loss or profit from investing in Addex Therapeutics over a given investment horizon. Check out Addex Therapeutics Correlation, Addex Therapeutics Volatility and Addex Therapeutics Alpha and Beta module to complement your research on Addex Therapeutics.
To learn how to invest in Addex Stock, please use our How to Invest in Addex Therapeutics guide.
Symbol

Addex Therapeutics 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 Addex Therapeutics. If investors know Addex 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 Addex Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(21.75)
Revenue Per Share
1.2
Quarterly Revenue Growth
(0.82)
Return On Assets
(0.62)
Return On Equity
(1.26)
The market value of Addex Therapeutics is measured differently than its book value, which is the value of Addex that is recorded on the company's balance sheet. Investors also form their own opinion of Addex Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Addex Therapeutics' 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 Addex Therapeutics' market value can be influenced by many factors that don't directly affect Addex Therapeutics' 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 Addex Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Addex Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addex Therapeutics' 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.

Addex Therapeutics '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 Addex Therapeutics' 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 Addex Therapeutics.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in Addex Therapeutics on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Addex Therapeutics or generate 0.0% return on investment in Addex Therapeutics over 30 days. Addex Therapeutics is related to or competes with Innate Pharma, Aptorum Group, Dyadic International, Soligenix, Avenue Therapeutics, Kronos Bio, and Cyclerion Therapeutics. Addex Therapeutics Ltd, a development-stage biopharmaceutical company, discovers, develops, and commercializes small-mol... More

Addex Therapeutics 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 Addex Therapeutics' 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 Addex Therapeutics upside and downside potential and time the market with a certain degree of confidence.

Addex Therapeutics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Addex Therapeutics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addex Therapeutics' standard deviation. In reality, there are many statistical measures that can use Addex Therapeutics historical prices to predict the future Addex Therapeutics' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Addex Therapeutics' 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.
Hype
Prediction
LowEstimatedHigh
2.717.9413.17
Details
Intrinsic
Valuation
LowRealHigh
7.1013.1918.42
Details
Naive
Forecast
LowNextHigh
3.288.5213.75
Details
1 Analysts
Consensus
LowTargetHigh
27.2929.9933.29
Details

Addex Therapeutics Backtested Returns

Addex Therapeutics secures Sharpe Ratio (or Efficiency) of -0.0344, which signifies that the company had a -0.0344% return per unit of standard deviation over the last 3 months. Addex Therapeutics exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Addex Therapeutics' risk adjusted performance of (0.03), and Mean Deviation of 3.75 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.32, 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, Addex Therapeutics will likely underperform. At this point, Addex Therapeutics has a negative expected return of -0.18%. Please make sure to confirm Addex Therapeutics' information ratio, as well as the relationship between the skewness and day typical price , to decide if Addex Therapeutics performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.43  

Average predictability

Addex Therapeutics has average predictability. Overlapping area represents the amount of predictability between Addex Therapeutics time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Addex Therapeutics price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Addex Therapeutics price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.34
Residual Average0.0
Price Variance0.18

Addex Therapeutics lagged returns against current returns

Autocorrelation, which is Addex Therapeutics 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 Addex Therapeutics' stock expected returns. We can calculate the autocorrelation of Addex Therapeutics returns to help us make a trade decision. For example, suppose you find that Addex Therapeutics 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  

Addex Therapeutics 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 Addex Therapeutics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addex Therapeutics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addex Therapeutics stock over time.
   Current vs Lagged Prices   
       Timeline  

Addex Therapeutics Lagged Returns

When evaluating Addex Therapeutics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addex Therapeutics stock have on its future price. Addex Therapeutics 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, Addex Therapeutics autocorrelation shows the relationship between Addex Therapeutics stock current value and its past values and can show if there is a momentum factor associated with investing in Addex Therapeutics.
   Regressed Prices   
       Timeline  

Pair Trading with Addex Therapeutics

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 Addex Therapeutics 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 Addex Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Addex Stock

  0.77VALN Valneva SE ADRPairCorr
  0.68ERNA Eterna TherapeuticsPairCorr

Moving against Addex Stock

  0.7DYAI Dyadic InternationalPairCorr
  0.65BMY Bristol Myers SquibbPairCorr
  0.62ESPR Esperion TherapeuticsPairCorr
  0.37GILD Gilead SciencesPairCorr
The ability to find closely correlated positions to Addex Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addex Therapeutics 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 Addex Therapeutics - 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 Addex Therapeutics to buy it.
The correlation of Addex Therapeutics 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 Addex Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addex Therapeutics 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 Addex Therapeutics 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.
Pair CorrelationCorrelation Matching
When determining whether Addex Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Addex Therapeutics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Addex Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Addex Therapeutics Stock:
Check out Addex Therapeutics Correlation, Addex Therapeutics Volatility and Addex Therapeutics Alpha and Beta module to complement your research on Addex Therapeutics.
To learn how to invest in Addex Stock, please use our How to Invest in Addex Therapeutics guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Addex Therapeutics 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.
A focus of Addex Therapeutics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Addex Therapeutics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...