Olema Stock Market Value

OLMA
 Stock
  

USD 2.85  0.12  4.40%   

Olema Pharmaceuticals' market value is the price at which a share of Olema Pharmaceuticals stock trades on a public exchange. It measures the collective expectations of Olema Pharmaceuticals investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Olema Pharmaceuticals and determine expected loss or profit from investing in Olema Pharmaceuticals over a given investment horizon. Please check Olema Pharmaceuticals Correlation, Olema Pharmaceuticals Volatility and Olema Pharmaceuticals Alpha and Beta module to complement your research on Olema Pharmaceuticals.
Symbol


Is Olema Pharmaceuticals' 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 Olema Pharmaceuticals. If investors know Olema 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 Olema Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
110.4 M
Return On Assets
(0.23) 
Return On Equity
(0.39) 
The market value of Olema Pharmaceuticals is measured differently than its book value, which is the value of Olema that is recorded on the company's balance sheet. Investors also form their own opinion of Olema Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Olema Pharmaceuticals' 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 Olema Pharmaceuticals' market value can be influenced by many factors that don't directly affect Olema Pharmaceuticals' 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 Olema Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine Olema Pharmaceuticals value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olema Pharmaceuticals' 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.

Olema Pharmaceuticals '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 Olema Pharmaceuticals' 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 Olema Pharmaceuticals.
0.00
09/05/2022
No Change 0.00  0.0 
In 3 months and 1 day
12/04/2022
0.00
If you would invest  0.00  in Olema Pharmaceuticals on September 5, 2022 and sell it all today you would earn a total of 0.00 from holding Olema Pharmaceuticals or generate 0.0% return on investment in Olema Pharmaceuticals over 90 days. Olema Pharmaceuticals is related to or competes with Apexigen. Olema Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and comm... More

Olema Pharmaceuticals 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 Olema Pharmaceuticals' 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 Olema Pharmaceuticals upside and downside potential and time the market with a certain degree of confidence.

Olema Pharmaceuticals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Olema Pharmaceuticals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olema Pharmaceuticals' standard deviation. In reality, there are many statistical measures that can use Olema Pharmaceuticals historical prices to predict the future Olema Pharmaceuticals' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Olema Pharmaceuticals' 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. Please use the tools below to analyze the current value of Olema Pharmaceuticals in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.142.858.80
Details
Intrinsic
Valuation
LowReal ValueHigh
0.132.628.57
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Olema Pharmaceuticals. Your research has to be compared to or analyzed against Olema Pharmaceuticals' peers to derive any actionable benefits. When done correctly, Olema Pharmaceuticals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Olema Pharmaceuticals.

Olema Pharmaceuticals Backtested Returns

Olema Pharmaceuticals maintains Sharpe Ratio (i.e., Efficiency) of -0.044, which implies the firm had -0.044% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Olema Pharmaceuticals exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Olema Pharmaceuticals coefficient of variation of (1,543), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
The company holds a Beta of 1.4123, which implies a somewhat significant risk relative to the market. Let's try to break down what Olema's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Olema Pharmaceuticals will likely underperform. Even though it is essential to pay attention to Olema Pharmaceuticals current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Olema Pharmaceuticals exposes twenty-one different technical indicators, which can help you to evaluate its performance. Olema Pharmaceuticals has an expected return of -0.26%. Please be advised to check Olema Pharmaceuticals standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Olema Pharmaceuticals performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.75  

Good predictability

Olema Pharmaceuticals has good predictability. Overlapping area represents the amount of predictability between Olema Pharmaceuticals time series from 5th of September 2022 to 20th of October 2022 and 20th of October 2022 to 4th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Olema Pharmaceuticals price movement. The serial correlation of 0.75 indicates that around 75.0% of current Olema Pharmaceuticals price fluctuation can be explain by its past prices.
Correlation Coefficient0.75
Spearman Rank Test0.59
Residual Average0.0
Price Variance0.15

Olema Pharmaceuticals lagged returns against current returns

Autocorrelation, which is Olema Pharmaceuticals 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 Olema Pharmaceuticals' stock expected returns. We can calculate the autocorrelation of Olema Pharmaceuticals returns to help us make a trade decision. For example, suppose you find that Olema Pharmaceuticals stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

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

Olema Pharmaceuticals Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Olema Pharmaceuticals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Olema Pharmaceuticals' short interest history, or implied volatility extrapolated from Olema Pharmaceuticals options trading.

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Please check Olema Pharmaceuticals Correlation, Olema Pharmaceuticals Volatility and Olema Pharmaceuticals Alpha and Beta module to complement your research on Olema Pharmaceuticals. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for analysis

When running Olema Pharmaceuticals price analysis, check to measure Olema Pharmaceuticals' 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 Olema Pharmaceuticals is operating at the current time. Most of Olema Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Olema Pharmaceuticals' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Olema Pharmaceuticals' price. Additionally, you may evaluate how the addition of Olema Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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Olema Pharmaceuticals 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 Olema Pharmaceuticals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Olema Pharmaceuticals 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...