Inhibrx Stock Technical Analysis

INBX -  USA Stock  

USD 38.46  0.32  0.84%

As of the 23rd of October, Inhibrx retains the Downside Deviation of 3.6, market risk adjusted performance of 3.02, and Risk Adjusted Performance of 0.0804. Inhibrx technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have analyzed nineteen technical drivers for Inhibrx, which can be compared to its competitors. Please check out Inhibrx information ratio, as well as the relationship between the potential upside and kurtosis to decide if Inhibrx is priced fairly, providing market reflects its last-minute price of 38.46 per share. Given that Inhibrx has jensen alpha of 0.4496, we strongly advise you to confirm Inhibrx's regular market performance to make sure the company can sustain itself at a future point.

Inhibrx Technical Analysis 

 
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Inhibrx Analyst Consensus

Target PriceAdvice# of Analysts
44.67Strong Buy3Odds
Inhibrx current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Inhibrx analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Inhibrx stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Inhibrx, talking to its executives and customers, or listening to Inhibrx conference calls.
Inhibrx Analyst Advice Details
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...

Inhibrx Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Inhibrx volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Inhibrx Trend Analysis

Use this graph to draw trend lines for Inhibrx. You can use it to identify possible trend reversals for Inhibrx as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Inhibrx price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Inhibrx Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Inhibrx applied against its price change over selected period. The best fit line has a slop of   0.16  , which means Inhibrx will continue generating value for investors. It has 122 observation points and a regression sum of squares at 937.66, which is the sum of squared deviations for the predicted Inhibrx price change compared to its average price change.

About Inhibrx Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Inhibrx on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Inhibrx based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Inhibrx stock first instead of the macroeconomic environment surrounding Inhibrx. By analyzing Inhibrx's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Inhibrx's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Inhibrx specific price patterns or momentum indicators. Please read more on our technical analysis page.

Inhibrx October 23, 2021 Technical Indicators

Most technical analysis of Inhibrx 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 Inhibrx from various momentum indicators to cycle indicators. When you analyze Inhibrx charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Inhibrx October 23, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Inhibrx stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please see Risk vs Return Analysis. 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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Inhibrx Stock analysis

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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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.