Cryoport Stock Market Value
| CYRX Stock | USD 11.87 0.78 6.17% |
| Symbol | Cryoport |
Cryoport Price To Book Ratio
Is Cryoport'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 Cryoport. If investors know Cryoport 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 Cryoport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.48) | Revenue Per Share 4.602 | Quarterly Revenue Growth (0.13) | Return On Assets (0.04) | Return On Equity (0.22) |
The market value of Cryoport is measured differently than its book value, which is the value of Cryoport that is recorded on the company's balance sheet. Investors also form their own opinion of Cryoport's value that differs from its market value or its book value, called intrinsic value, which is Cryoport'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 Cryoport's market value can be influenced by many factors that don't directly affect Cryoport'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 Cryoport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cryoport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cryoport'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.
Cryoport '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 Cryoport'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 Cryoport.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in Cryoport on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Cryoport or generate 0.0% return on investment in Cryoport over 30 days. Cryoport is related to or competes with BioLife Solutions, Caredx, Axonics Modulation, Natera, and IRhythm Technologies. Cryoport, Inc., a life sciences services company, provides temperature-controlled logistics solutions in the Americas, E... More
Cryoport 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 Cryoport'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 Cryoport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 29.63 | |||
| Value At Risk | (7.05) | |||
| Potential Upside | 5.95 |
Cryoport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cryoport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cryoport's standard deviation. In reality, there are many statistical measures that can use Cryoport historical prices to predict the future Cryoport's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cryoport'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.
Cryoport Backtested Returns
Cryoport secures Sharpe Ratio (or Efficiency) of -0.089, which signifies that the company had a -0.089% return per unit of risk over the last 3 months. Cryoport exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cryoport's Risk Adjusted Performance of (0.04), standard deviation of 4.23, and Mean Deviation of 2.86 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.2, 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, Cryoport will likely underperform. Cryoport has an expected return of -0.38%. Please make sure to confirm Cryoport treynor ratio and day median price , to decide if Cryoport performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Cryoport has very weak reverse predictability. Overlapping area represents the amount of predictability between Cryoport time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st 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 Cryoport price movement. The serial correlation of -0.03 indicates that only 3.0% of current Cryoport price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
Cryoport lagged returns against current returns
Autocorrelation, which is Cryoport 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 Cryoport's stock expected returns. We can calculate the autocorrelation of Cryoport returns to help us make a trade decision. For example, suppose you find that Cryoport 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 |
Cryoport 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 Cryoport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cryoport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cryoport stock over time.
Current vs Lagged Prices |
| Timeline |
Cryoport Lagged Returns
When evaluating Cryoport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cryoport stock have on its future price. Cryoport 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, Cryoport autocorrelation shows the relationship between Cryoport stock current value and its past values and can show if there is a momentum factor associated with investing in Cryoport.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cryoport offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cryoport's 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 Cryoport Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cryoport Stock:Check out Cryoport Correlation, Cryoport Volatility and Cryoport Alpha and Beta module to complement your research on Cryoport. For more information on how to buy Cryoport Stock please use our How to Invest in Cryoport guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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When running Cryoport's price analysis, check to measure Cryoport'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 Cryoport is operating at the current time. Most of Cryoport's value examination focuses on studying past and present price action to predict the probability of Cryoport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cryoport's price. Additionally, you may evaluate how the addition of Cryoport to your portfolios can decrease your overall portfolio volatility.
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Cryoport 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.