Larimar Therapeutics Stock Market Value
| LRMR Stock | USD 7.76 0.09 1.15% |
| Symbol | Larimar |
Larimar 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 Larimar Therapeutics. If investors know Larimar 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 Larimar 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 (1.12) | Return On Assets (0.24) | Return On Equity (0.37) |
The market value of Larimar Therapeutics is measured differently than its book value, which is the value of Larimar that is recorded on the company's balance sheet. Investors also form their own opinion of Larimar Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Larimar 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 Larimar Therapeutics' market value can be influenced by many factors that don't directly affect Larimar 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 Larimar Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Larimar Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Larimar 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.
Larimar 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 Larimar 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 Larimar Therapeutics.
| 08/21/2024 |
| 10/20/2024 |
If you would invest 0.00 in Larimar Therapeutics on August 21, 2024 and sell it all today you would earn a total of 0.00 from holding Larimar Therapeutics or generate 0.0% return on investment in Larimar Therapeutics over 60 days. Larimar Therapeutics is related to or competes with Vaxcyte, Syndax Pharmaceuticals, Merus BV, Sutro Biopharma, Immuneering Corp, Centessa Pharmaceuticals, and Celcuity LLC. Larimar Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing treatments for rare diseases u... More
Larimar 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 Larimar 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 Larimar Therapeutics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 24.09 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 4.64 |
Larimar Therapeutics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Larimar Therapeutics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Larimar Therapeutics' standard deviation. In reality, there are many statistical measures that can use Larimar Therapeutics historical prices to predict the future Larimar Therapeutics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Larimar 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.
Larimar Therapeutics Backtested Returns
Larimar Therapeutics has Sharpe Ratio of -0.0434, which conveys that the firm had a -0.0434% return per unit of risk over the last 3 months. Larimar Therapeutics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Larimar Therapeutics' Standard Deviation of 4.58, risk adjusted performance of (0.02), and Mean Deviation of 3.27 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.86, which conveys 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, Larimar Therapeutics will likely underperform. At this point, Larimar Therapeutics has a negative expected return of -0.2%. Please make sure to verify Larimar Therapeutics' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Larimar Therapeutics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Larimar Therapeutics has very good reverse predictability. Overlapping area represents the amount of predictability between Larimar Therapeutics time series from 21st of August 2024 to 20th of September 2024 and 20th of September 2024 to 20th of October 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 Larimar Therapeutics price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Larimar Therapeutics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Larimar Therapeutics lagged returns against current returns
Autocorrelation, which is Larimar 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 Larimar Therapeutics' stock expected returns. We can calculate the autocorrelation of Larimar Therapeutics returns to help us make a trade decision. For example, suppose you find that Larimar 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 |
Larimar 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 Larimar Therapeutics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Larimar Therapeutics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Larimar Therapeutics stock over time.
Current vs Lagged Prices |
| Timeline |
Larimar Therapeutics Lagged Returns
When evaluating Larimar Therapeutics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Larimar Therapeutics stock have on its future price. Larimar 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, Larimar Therapeutics autocorrelation shows the relationship between Larimar Therapeutics stock current value and its past values and can show if there is a momentum factor associated with investing in Larimar Therapeutics.
Regressed Prices |
| Timeline |
Pair Trading with Larimar 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 Larimar 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 Larimar Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving together with Larimar Stock
| 0.63 | VALN | Valneva SE ADR | PairCorr |
| 0.77 | DYAI | Dyadic International | PairCorr |
| 0.76 | ERNA | Eterna Therapeutics | PairCorr |
Moving against Larimar Stock
| 0.67 | GILD | Gilead Sciences | PairCorr |
| 0.66 | BMY | Bristol Myers Squibb | PairCorr |
| 0.65 | A | Agilent Technologies Fiscal Year End 18th of November 2024 | PairCorr |
| 0.46 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.45 | GNFT | Genfit | PairCorr |
The ability to find closely correlated positions to Larimar 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 Larimar 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 Larimar 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 Larimar Therapeutics to buy it.
The correlation of Larimar 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 Larimar Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Larimar 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 Larimar 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.Additional Tools for Larimar Stock Analysis
When running Larimar Therapeutics' price analysis, check to measure Larimar Therapeutics' 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 Larimar Therapeutics is operating at the current time. Most of Larimar Therapeutics' value examination focuses on studying past and present price action to predict the probability of Larimar Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Larimar Therapeutics' price. Additionally, you may evaluate how the addition of Larimar Therapeutics to your portfolios can decrease your overall portfolio volatility.