Inhibrxinc Stock Market Value
| INBX Stock | USD 34.45 0.16 0.46% |
| Symbol | InhibrxInc |
InhibrxInc Price To Book Ratio
Is InhibrxInc'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 InhibrxInc. If investors know InhibrxInc 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 InhibrxInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.12) | Revenue Per Share 0.038 | Quarterly Revenue Growth 4.964 | Return On Assets (0.46) | Return On Equity (4.75) |
The market value of InhibrxInc is measured differently than its book value, which is the value of InhibrxInc that is recorded on the company's balance sheet. Investors also form their own opinion of InhibrxInc's value that differs from its market value or its book value, called intrinsic value, which is InhibrxInc'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 InhibrxInc's market value can be influenced by many factors that don't directly affect InhibrxInc'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 InhibrxInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if InhibrxInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InhibrxInc'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.
InhibrxInc '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 InhibrxInc'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 InhibrxInc.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in InhibrxInc on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding InhibrxInc or generate 0.0% return on investment in InhibrxInc over 30 days. InhibrxInc is related to or competes with Home Federal, Betterware, Provident Bancorp, Heartland Financial, Nordea Bank, Conflux Network, and Citigroup Capital. Inhibrx, Inc., a clinical-stage biotechnology company, focuses on developing a pipeline of novel biologic therapeutic ca... More
InhibrxInc 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 InhibrxInc'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 InhibrxInc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.38 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 3.01 |
InhibrxInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InhibrxInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InhibrxInc's standard deviation. In reality, there are many statistical measures that can use InhibrxInc historical prices to predict the future InhibrxInc's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 1.75 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of InhibrxInc'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.
InhibrxInc Backtested Returns
We consider InhibrxInc very steady. InhibrxInc holds Efficiency (Sharpe) Ratio of 0.0268, which attests that the entity had a 0.0268% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for InhibrxInc, which you can use to evaluate the volatility of the firm. Please check out InhibrxInc's Risk Adjusted Performance of (0.02), market risk adjusted performance of 1.76, and Standard Deviation of 1.99 to validate if the risk estimate we provide is consistent with the expected return of 0.047%. InhibrxInc has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0525, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning InhibrxInc are expected to decrease at a much lower rate. During the bear market, InhibrxInc is likely to outperform the market. InhibrxInc right now retains a risk of 1.75%. Please check out InhibrxInc maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if InhibrxInc will be following its current trending patterns.
Auto-correlation | 0.38 |
Below average predictability
InhibrxInc has below average predictability. Overlapping area represents the amount of predictability between InhibrxInc time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 InhibrxInc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current InhibrxInc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
InhibrxInc lagged returns against current returns
Autocorrelation, which is InhibrxInc 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 InhibrxInc's stock expected returns. We can calculate the autocorrelation of InhibrxInc returns to help us make a trade decision. For example, suppose you find that InhibrxInc 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 |
InhibrxInc 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 InhibrxInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InhibrxInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InhibrxInc stock over time.
Current vs Lagged Prices |
| Timeline |
InhibrxInc Lagged Returns
When evaluating InhibrxInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InhibrxInc stock have on its future price. InhibrxInc 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, InhibrxInc autocorrelation shows the relationship between InhibrxInc stock current value and its past values and can show if there is a momentum factor associated with investing in InhibrxInc.
Regressed Prices |
| 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 InhibrxInc 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, InhibrxInc's short interest history, or implied volatility extrapolated from InhibrxInc options trading.
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Try AI Portfolio ArchitectCheck out InhibrxInc Correlation, InhibrxInc Volatility and InhibrxInc Alpha and Beta module to complement your research on InhibrxInc. For more information on how to buy InhibrxInc Stock please use our How to Invest in InhibrxInc guide.Note that the InhibrxInc information on this page should be used as a complementary analysis to other InhibrxInc'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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for InhibrxInc Stock analysis
When running InhibrxInc's price analysis, check to measure InhibrxInc'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 InhibrxInc is operating at the current time. Most of InhibrxInc's value examination focuses on studying past and present price action to predict the probability of InhibrxInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InhibrxInc's price. Additionally, you may evaluate how the addition of InhibrxInc to your portfolios can decrease your overall portfolio volatility.
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InhibrxInc 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.