Inhibrx Stock Market Value

INBX -  USA Stock  

USD 39.71  0.29  0.72%

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


The market value of Inhibrx is measured differently than its book value, which is the value of Inhibrx that is recorded on the company's balance sheet. Investors also form their own opinion of Inhibrx's value that differs from its market value or its book value, called intrinsic value, which is Inhibrx'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 Inhibrx's market value can be influenced by many factors that don't directly affect Inhibrx 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 Inhibrx's value and its price as these two are different measures arrived at by different means. Investors typically determine Inhibrx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inhibrx'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.

Inhibrx '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 Inhibrx'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 Inhibrx.
0.00
09/18/2021
No Change 0.00  0.0 
In 30 days
10/18/2021
0.00
If you would invest  0.00  in Inhibrx on September 18, 2021 and sell it all today you would earn a total of 0.00 from holding Inhibrx or generate 0.0% return on investment in Inhibrx over 30 days. Inhibrx is related to or competes with Brickell Biotech. Inhibrx, Inc., a clinical-stage biotechnology company, focuses on developing a pipeline of novel biologic therapeutic ca...

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

Inhibrx Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Inhibrx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inhibrx's standard deviation. In reality, there are many statistical measures that can use Inhibrx historical prices to predict the future Inhibrx's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Inhibrx'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 Inhibrx in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
34.9739.5344.09
Details
Intrinsic
Valuation
LowReal ValueHigh
36.0240.5845.14
Details
Naive
Forecast
LowNext ValueHigh
42.5347.0951.65
Details
3 Analysts
Consensus
LowTarget PriceHigh
38.0044.6750.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Inhibrx. Your research has to be compared to or analyzed against Inhibrx's peers to derive any actionable benefits. When done correctly, Inhibrx'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 Inhibrx.

Inhibrx Backtested Returns

Inhibrx appears to be not too volatile, given 3 months investment horizon. Inhibrx holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had 0.14% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By evaluating Inhibrx technical indicators you can presently evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Inhibrx's Risk Adjusted Performance of 0.1447, downside deviation of 3.54, and Market Risk Adjusted Performance of 3.31 to validate if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Inhibrx holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.2364, which attests to not very significant fluctuations relative to the market. Let's try to break down what Inhibrx's beta means in this case. As returns on the market increase, Inhibrx returns are expected to increase less than the market. However, during the bear market, the loss on holding Inhibrx will be expected to be smaller as well. Although it is vital to follow Inhibrx current price history, it is good to be conservative about what you can do with the information regarding equity current price movements. The philosophy towards determining 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. We have found twenty-one technical indicators for Inhibrx, which you can use to evaluate the performance of the firm. Please utilizes Inhibrx information ratio, as well as the relationship between the potential upside and kurtosis to make a quick decision on whether Inhibrx current trending patterns will revert.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.93)   

Near perfect reversele predictability

Inhibrx has near perfect reversele predictability. Overlapping area represents the amount of predictability between Inhibrx time series from 18th of September 2021 to 3rd of October 2021 and 3rd of October 2021 to 18th of October 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 Inhibrx price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Inhibrx price fluctuation can be explain by its past prices. Given that Inhibrx has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Inhibrx for similar time interval.
Correlation Coefficient-0.93
Spearman Rank Test-0.29
Residual Average0.0
Price Variance27.11

Inhibrx lagged returns against current returns

Autocorrelation, which is Inhibrx 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 Inhibrx's stock expected returns. We can calculate the autocorrelation of Inhibrx returns to help us make a trade decision. For example, suppose you find that Inhibrx 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 
Share
      Timeline 

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

Inhibrx Lagged Returns

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

Inhibrx Investors Sentiment

The influence of Inhibrx'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 Inhibrx. 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 - INBX

Inhibrx Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Inhibrx. What is your judgment towards investing in Inhibrx? Are you bullish or bearish?
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Bearish
50% Bullish
50% Bearish
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Please see Inhibrx Hype Analysis, Inhibrx Correlation, Inhibrx Valuation, Inhibrx Volatility, as well as analyze Inhibrx Alpha and Beta and Inhibrx Performance. Note that the Inhibrx information on this page should be used as a complementary analysis to other Inhibrx'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 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 Inhibrx price analysis, check to measure Inhibrx'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 Inhibrx is operating at the current time. Most of Inhibrx's value examination focuses on studying past and present price action to predict the probability of Inhibrx's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Inhibrx's price. Additionally, you may evaluate how the addition of Inhibrx to your portfolios can decrease your overall portfolio volatility.
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Inhibrx 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 Inhibrx technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Inhibrx 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...