Aldeyra Stock Filter Stocks by Fundamentals
| ALDX Stock | USD 3.97 0.10 2.58% |
Aldeyra fundamentals help investors to digest information that contributes to Aldeyra's financial success or failures. It also enables traders to predict the movement of Aldeyra Stock. The fundamental analysis module provides a way to measure Aldeyra's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aldeyra stock.
Aldeyra | Cash and Equivalents |
Aldeyra Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aldeyra from analyzing Aldeyra's financial statements. These drivers represent accounts that assess Aldeyra's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aldeyra's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 180.0M | 157.5M | 233.0M | 406.5M | 206.9M | 117.4M | |
| Enterprise Value | 132.6M | 127.8M | 170.5M | 278.2M | 79.7M | 81.8M |
Aldeyra Fundamentals
| Return On Equity | -0.28 | ||||
| Return On Asset | -0.16 | ||||
| Current Valuation | 100.76 M | ||||
| Shares Outstanding | 58.9 M | ||||
| Shares Owned By Insiders | 2.01 % | ||||
| Shares Owned By Institutions | 62.36 % | ||||
| Number Of Shares Shorted | 2.05 M | ||||
| Price To Earning | (4.44) X | ||||
| Price To Book | 2.09 X | ||||
| EBITDA | (42.53 M) | ||||
| Net Income | (37.54 M) | ||||
| Cash And Equivalents | 163.83 M | ||||
| Cash Per Share | 2.80 X | ||||
| Total Debt | 15.66 M | ||||
| Debt To Equity | 0.1 % | ||||
| Current Ratio | 7.83 X | ||||
| Book Value Per Share | 2.02 X | ||||
| Cash Flow From Operations | (30.33 M) | ||||
| Short Ratio | 3.86 X | ||||
| Earnings Per Share | (0.64) X | ||||
| Target Price | 9.25 | ||||
| Number Of Employees | 10 | ||||
| Beta | 1.53 | ||||
| Market Capitalization | 227.93 M | ||||
| Total Asset | 148.33 M | ||||
| Retained Earnings | (394.26 M) | ||||
| Working Capital | 125.55 M | ||||
| Current Asset | 28.09 M | ||||
| Current Liabilities | 2.12 M | ||||
| Net Asset | 148.33 M |
About Aldeyra Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aldeyra's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aldeyra using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aldeyra based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Aldeyra
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 Aldeyra 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 Aldeyra will appreciate offsetting losses from the drop in the long position's value.Moving against Aldeyra Stock
| 0.72 | PFE | Pfizer Inc Report 7th of May 2024 | PairCorr |
| 0.48 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Aldeyra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aldeyra 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 Aldeyra - 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 Aldeyra to buy it.
The correlation of Aldeyra 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 Aldeyra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aldeyra 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 Aldeyra 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.Check out Aldeyra Piotroski F Score and Aldeyra Altman Z Score analysis. For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.Note that the Aldeyra information on this page should be used as a complementary analysis to other Aldeyra's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Aldeyra Stock analysis
When running Aldeyra's price analysis, check to measure Aldeyra'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 Aldeyra is operating at the current time. Most of Aldeyra's value examination focuses on studying past and present price action to predict the probability of Aldeyra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldeyra's price. Additionally, you may evaluate how the addition of Aldeyra to your portfolios can decrease your overall portfolio volatility.
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Is Aldeyra'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 Aldeyra. If investors know Aldeyra 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 Aldeyra listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.64) | Return On Assets (0.16) | Return On Equity (0.28) |
The market value of Aldeyra is measured differently than its book value, which is the value of Aldeyra that is recorded on the company's balance sheet. Investors also form their own opinion of Aldeyra's value that differs from its market value or its book value, called intrinsic value, which is Aldeyra'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 Aldeyra's market value can be influenced by many factors that don't directly affect Aldeyra'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 Aldeyra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aldeyra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aldeyra'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.