Nkarta Inc Stock Market Value
| NKTX Stock | USD 4.26 0.26 6.50% |
| Symbol | Nkarta |
Nkarta Inc 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 Nkarta. If investors know Nkarta 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 Nkarta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.97) | Return On Assets (0.16) | Return On Equity (0.28) |
The market value of Nkarta Inc is measured differently than its book value, which is the value of Nkarta that is recorded on the company's balance sheet. Investors also form their own opinion of Nkarta's value that differs from its market value or its book value, called intrinsic value, which is Nkarta'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 Nkarta's market value can be influenced by many factors that don't directly affect Nkarta'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 Nkarta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nkarta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nkarta'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.
Nkarta '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 Nkarta'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 Nkarta.
| 09/19/2024 |
| 10/19/2024 |
If you would invest 0.00 in Nkarta on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding Nkarta Inc or generate 0.0% return on investment in Nkarta over 30 days. Nkarta is related to or competes with Monte Rosa, Lyell Immunopharma, Generation Bio, Sana Biotechnology, Passage Bio, Black Diamond, and Alector. Nkarta, Inc., a a clinical-stage biopharmaceutical company, develops and commercializes cell therapies for cancer treatm... More
Nkarta 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 Nkarta'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 Nkarta Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 24.02 | |||
| Value At Risk | (6.86) | |||
| Potential Upside | 6.5 |
Nkarta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nkarta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nkarta's standard deviation. In reality, there are many statistical measures that can use Nkarta historical prices to predict the future Nkarta's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nkarta'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.
Nkarta Inc Backtested Returns
Nkarta Inc has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nkarta exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nkarta's Standard Deviation of 4.63, mean deviation of 3.7, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.93, 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, Nkarta will likely underperform. At this point, Nkarta Inc has a negative expected return of -0.54%. Please make sure to verify Nkarta's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Nkarta Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Nkarta Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nkarta time series from 19th of September 2024 to 4th of October 2024 and 4th of October 2024 to 19th 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 Nkarta Inc price movement. The serial correlation of -0.73 indicates that around 73.0% of current Nkarta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nkarta Inc lagged returns against current returns
Autocorrelation, which is Nkarta 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 Nkarta's stock expected returns. We can calculate the autocorrelation of Nkarta returns to help us make a trade decision. For example, suppose you find that Nkarta 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 |
Nkarta 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 Nkarta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nkarta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nkarta stock over time.
Current vs Lagged Prices |
| Timeline |
Nkarta Lagged Returns
When evaluating Nkarta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nkarta stock have on its future price. Nkarta 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, Nkarta autocorrelation shows the relationship between Nkarta stock current value and its past values and can show if there is a momentum factor associated with investing in Nkarta Inc.
Regressed Prices |
| Timeline |
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Additional Tools for Nkarta Stock Analysis
When running Nkarta's price analysis, check to measure Nkarta'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 Nkarta is operating at the current time. Most of Nkarta's value examination focuses on studying past and present price action to predict the probability of Nkarta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nkarta's price. Additionally, you may evaluate how the addition of Nkarta to your portfolios can decrease your overall portfolio volatility.