Xos Inc Stock Market Value
| XOS Stock | USD 7.45 0.15 2.05% |
| Symbol | Xos |
Is Industrial Machinery & Supplies & Components space 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 Xos. If investors know Xos 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 Xos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Xos Inc is measured differently than its book value, which is the value of Xos that is recorded on the company's balance sheet. Investors also form their own opinion of Xos' value that differs from its market value or its book value, called intrinsic value, which is Xos' 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 Xos' market value can be influenced by many factors that don't directly affect Xos' 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 Xos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Xos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xos' 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.
Xos '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 Xos' 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 Xos.
| 05/13/2024 |
| 06/12/2024 |
If you would invest 0.00 in Xos on May 13, 2024 and sell it all today you would earn a total of 0.00 from holding Xos Inc or generate 0.0% return on investment in Xos over 30 days. Xos is related to or competes with Lion Electric, Ideanomics, Nikola Corp, Wabash National, Hydrofarm Holdings, Austin Engineering, and Buhler Industries. Xos, Inc., a mobility solutions company, manufactures and sells battery-electric commercial vehicles More
Xos 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 Xos' 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 Xos Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 19.76 | |||
| Value At Risk | (5.09) | |||
| Potential Upside | 3.75 |
Xos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xos' standard deviation. In reality, there are many statistical measures that can use Xos historical prices to predict the future Xos' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 6.92 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xos' 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.
Xos Inc Backtested Returns
Xos Inc shows Sharpe Ratio of -0.21, which attests that the company had a -0.21% return per unit of risk over the last 3 months. Xos Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xos' Mean Deviation of 2.4, standard deviation of 3.71, and Market Risk Adjusted Performance of 6.93 to validate the risk estimate we provide. The firm maintains a market beta of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xos are expected to decrease at a much lower rate. During the bear market, Xos is likely to outperform the market. At this point, Xos Inc has a negative expected return of -0.76%. Please make sure to check out Xos' maximum drawdown and rate of daily change , to decide if Xos Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Xos Inc has modest predictability. Overlapping area represents the amount of predictability between Xos time series from 13th of May 2024 to 28th of May 2024 and 28th of May 2024 to 12th of June 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 Xos Inc price movement. The serial correlation of 0.55 indicates that about 55.0% of current Xos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Xos Inc lagged returns against current returns
Autocorrelation, which is Xos 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 Xos' stock expected returns. We can calculate the autocorrelation of Xos returns to help us make a trade decision. For example, suppose you find that Xos 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 |
Xos 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 Xos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xos stock over time.
Current vs Lagged Prices |
| Timeline |
Xos Lagged Returns
When evaluating Xos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xos stock have on its future price. Xos 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, Xos autocorrelation shows the relationship between Xos stock current value and its past values and can show if there is a momentum factor associated with investing in Xos Inc.
Regressed Prices |
| Timeline |
Pair Trading with Xos
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 Xos 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 Xos will appreciate offsetting losses from the drop in the long position's value.Moving together with Xos Stock
| 0.63 | GP | GreenPower Motor Financial Report 12th of July 2024 | PairCorr |
Moving against Xos Stock
| 0.59 | GENC | Gencor Industries | PairCorr |
| 0.42 | HY | Hyster Yale Materials | PairCorr |
| 0.36 | LNN | Lindsay Financial Report 4th of July 2024 | PairCorr |
The ability to find closely correlated positions to Xos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xos 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 Xos - 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 Xos Inc to buy it.
The correlation of Xos 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 Xos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xos Inc 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 Xos 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.Additional Tools for Xos Stock Analysis
When running Xos' price analysis, check to measure Xos' 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 Xos is operating at the current time. Most of Xos' value examination focuses on studying past and present price action to predict the probability of Xos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xos' price. Additionally, you may evaluate how the addition of Xos to your portfolios can decrease your overall portfolio volatility.