Chemocentryx Stock Market Value

CCXI -  USA Stock  

USD 17.19  0.11  0.64%

Chemocentryx's market value is the price at which a share of Chemocentryx stock trades on a public exchange. It measures the collective expectations of Chemocentryx investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Chemocentryx and determine expected loss or profit from investing in Chemocentryx over a given investment horizon. Continue to Chemocentryx Hype Analysis, Chemocentryx Correlation, Chemocentryx Valuation, Chemocentryx Volatility, as well as analyze Chemocentryx Alpha and Beta and Chemocentryx Performance.
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Backtest


The market value of Chemocentryx is measured differently than its book value, which is the value of Chemocentryx that is recorded on the company's balance sheet. Investors also form their own opinion of Chemocentryx's value that differs from its market value or its book value, called intrinsic value, which is Chemocentryx'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 Chemocentryx's market value can be influenced by many factors that don't directly affect Chemocentryx underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chemocentryx's value and its price as these two are different measures arrived at by different means. Investors typically determine Chemocentryx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemocentryx'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.

Chemocentryx '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 Chemocentryx'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 Chemocentryx.
0.00
10/08/2019
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/27/2021
0.00
If you would invest  0.00  in Chemocentryx on October 8, 2019 and sell it all today you would earn a total of 0.00 from holding Chemocentryx or generate 0.0% return on investment in Chemocentryx over 720 days. Chemocentryx is related to or competes with Equillium, Diamedica Therapeutics, Denali Therapeutics, Dicerna Pharmaceutic, Design Therapeutics, Precision Biosciences, and Dynavax Technologies. ChemoCentryx, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of new ...

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

Chemocentryx Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemocentryx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemocentryx's standard deviation. In reality, there are many statistical measures that can use Chemocentryx historical prices to predict the future Chemocentryx's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chemocentryx'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. Please use the tools below to analyze the current value of Chemocentryx in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
13.8916.9720.05
Details
Intrinsic
Valuation
LowReal ValueHigh
15.4721.9225.00
Details
Naive
Forecast
LowNext ValueHigh
14.0417.1120.19
Details
6 Analysts
Consensus
LowTarget PriceHigh
14.0027.6751.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chemocentryx. Your research has to be compared to or analyzed against Chemocentryx's peers to derive any actionable benefits. When done correctly, Chemocentryx's 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 Chemocentryx.

Chemocentryx Backtested Returns

Chemocentryx appears to be not too volatile, given 3 months investment horizon. Chemocentryx secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had 0.12% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Chemocentryx, which you can use to evaluate the future volatility of the firm. Please makes use of Chemocentryx's mean deviation of 2.42, and Risk Adjusted Performance of 0.1121 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Chemocentryx holds a performance score of 8. The firm shows a Beta (market volatility) of 0.3136, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Chemocentryx's beta means in this case. As returns on the market increase, Chemocentryx returns are expected to increase less than the market. However, during the bear market, the loss on holding Chemocentryx will be expected to be smaller as well. Although it is vital to follow Chemocentryx historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Chemocentryx technical indicators, you can presently evaluate if the expected return of 0.37% will be sustainable into the future. Please makes use of Chemocentryx standard deviation, as well as the relationship between the maximum drawdown and expected short fall to make a quick decision on whether Chemocentryx price patterns will revert.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.65)   

Very good reverse predictability

Chemocentryx has very good reverse predictability. Overlapping area represents the amount of predictability between Chemocentryx time series from 8th of October 2019 to 2nd of October 2020 and 2nd of October 2020 to 27th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chemocentryx price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Chemocentryx price fluctuation can be explain by its past prices. Given that Chemocentryx has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Chemocentryx for similar time interval.
Correlation Coefficient-0.65
Spearman Rank Test-0.68
Residual Average0.0
Price Variance467.23

Chemocentryx lagged returns against current returns

Autocorrelation, which is Chemocentryx 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 Chemocentryx's stock expected returns. We can calculate the autocorrelation of Chemocentryx returns to help us make a trade decision. For example, suppose you find that Chemocentryx 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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Chemocentryx 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 Chemocentryx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemocentryx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemocentryx stock over time.
 Current vs Lagged Prices 
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      Timeline 

Chemocentryx Lagged Returns

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

Chemocentryx Investors Sentiment

The influence of Chemocentryx's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Chemocentryx. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - CCXI

Chemocentryx Investor Sentiment

Most of Macroaxis users are currently bullish on Chemocentryx. What is your opinion about investing in Chemocentryx? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Chemocentryx

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 Chemocentryx 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 Chemocentryx will appreciate offsetting losses from the drop in the long position's value.

Chemocentryx Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Chemocentryx and Equillium. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Chemocentryx Hype Analysis, Chemocentryx Correlation, Chemocentryx Valuation, Chemocentryx Volatility, as well as analyze Chemocentryx Alpha and Beta and Chemocentryx Performance. Note that the Chemocentryx information on this page should be used as a complementary analysis to other Chemocentryx'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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