In8bio Competitors
| INAB Stock | USD 1.99 0.03 1.53% |
In8bio vs Phio Pharmaceuticals Correlation
Very good diversification
The correlation between In8bio Inc and PHIO is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding In8bio Inc and PHIO in the same portfolio, assuming nothing else is changed.
Moving against In8bio Stock
In8bio Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between In8bio and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of In8bio and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of In8bio Inc does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between In8bio Stock performing well and In8bio Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze In8bio's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNAZ | 4.22 | (0.42) | 0.00 | (0.24) | 0.00 | 8.35 | 34.47 | |||
| APVO | 4.71 | (1.97) | 0.00 | (1.95) | 0.00 | 6.67 | 43.37 | |||
| HCWB | 5.17 | (1.59) | 0.00 | (0.84) | 0.00 | 13.02 | 41.72 | |||
| LYRA | 5.54 | (1.23) | 0.00 | (1.31) | 0.00 | 13.48 | 66.89 | |||
| KPRX | 2.47 | (0.07) | 0.00 | (0.01) | 0.00 | 4.44 | 16.69 | |||
| GLTO | 11.56 | 4.50 | 0.54 | 0.61 | 6.83 | 17.97 | 273.14 | |||
| APRE | 3.97 | (0.98) | 0.00 | (0.42) | 0.00 | 4.40 | 41.84 | |||
| ACXP | 4.46 | (1.24) | 0.00 | (0.61) | 0.00 | 10.84 | 49.19 | |||
| BCDA | 2.43 | (0.23) | 0.00 | (0.12) | 0.00 | 5.74 | 17.38 | |||
| PHIO | 2.99 | (0.79) | 0.00 | (0.40) | 0.00 | 4.88 | 19.15 |
In8bio Competitive Analysis
The better you understand In8bio competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, In8bio's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across In8bio's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
In8bio Competition Performance Charts
Five steps to successful analysis of In8bio Competition
In8bio's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by In8bio Inc in relation to its competition. In8bio's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of In8bio in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact In8bio's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to In8bio Inc, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out In8bio Correlation with its peers.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Stock 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 In8bio. Market participants price In8bio higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive In8bio assessment requires weighing all these inputs, though not all factors influence outcomes equally.
The market value of In8bio Inc is measured differently than its book value, which is the value of In8bio that is recorded on the company's balance sheet. Investors also form their own opinion of In8bio's value that differs from its market value or its book value, called intrinsic value, which is In8bio'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 In8bio's market value can be influenced by many factors that don't directly affect In8bio'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 In8bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if In8bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, In8bio's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.