Inhibrxinc Stock Momentum Indicators Rate of change ratio

INBX Stock  USD 34.32  0.13  0.38%   
InhibrxInc momentum indicators tool provides the execution environment for running the Rate of change ratio indicator and other technical functions against InhibrxInc. InhibrxInc value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Rate of change ratio indicator function is designed to identify and follow existing trends. Momentum indicators of InhibrxInc are pattern recognition functions that provide distinct formation on InhibrxInc potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Rate of change ratio: (price/prevPrice) indicator measures the change in InhibrxInc price from one period to the next.

InhibrxInc Technical Analysis Modules

Most technical analysis of InhibrxInc help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for InhibrxInc from various momentum indicators to cycle indicators. When you analyze InhibrxInc charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About InhibrxInc Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of InhibrxInc. We use our internally-developed statistical techniques to arrive at the intrinsic value of InhibrxInc based on widely used predictive technical indicators. In general, we focus on analyzing InhibrxInc Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build InhibrxInc's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of InhibrxInc's intrinsic value. In addition to deriving basic predictive indicators for InhibrxInc, we also check how macroeconomic factors affect InhibrxInc price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.0017050.002089
Price To Sales Ratio994.971.0K
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.
Hype
Prediction
LowEstimatedHigh
32.5734.3236.07
Details
Intrinsic
Valuation
LowRealHigh
30.8941.1942.94
Details
3 Analysts
Consensus
LowTargetHigh
42.5446.7551.89
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-1.07-1.04-1.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as InhibrxInc. Your research has to be compared to or analyzed against InhibrxInc's peers to derive any actionable benefits. When done correctly, InhibrxInc's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in InhibrxInc.

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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InhibrxInc pair trading

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

InhibrxInc Pair Trading

InhibrxInc Pair Trading Analysis

The ability to find closely correlated positions to InhibrxInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InhibrxInc 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 InhibrxInc - 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 InhibrxInc to buy it.
The correlation of InhibrxInc 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 InhibrxInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InhibrxInc 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 InhibrxInc 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.
Pair CorrelationCorrelation Matching
When determining whether InhibrxInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of InhibrxInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Inhibrxinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Inhibrxinc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InhibrxInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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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.