XOMA Price to Earnings Ratio from 2010 to 2024
| XOMAP Preferred Stock | USD 25.73 0.04 0.16% |
Check XOMA Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among XOMA Corp's main balance sheet or income statement drivers, such as , as well as many indicators such as . XOMA financial statements analysis is a perfect complement when working with XOMA Corp Valuation or Volatility modules.
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About XOMA Corp Financial Statements
XOMA Corp shareholders use historical fundamental indicators, such as Price to Earnings Ratio, to determine how well the company is positioned to perform in the future. Although XOMA Corp investors may analyze each financial statement separately, they are all interrelated. The changes in XOMA Corp's assets and liabilities, for example, are also reflected in the revenues and expenses on on XOMA Corp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
XOMA Corporation operates as a biotechnology royalty aggregator in Europe, the United States, and the Asia Pacific. XOMA Corporation was incorporated in 1981 and is headquartered in Emeryville, California. Xoma Corp operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.
Pair Trading with XOMA Corp
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 XOMA Corp 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 XOMA Corp will appreciate offsetting losses from the drop in the long position's value.Moving against XOMA Preferred Stock
| 0.82 | HRGN | Harvard Apparatus | PairCorr |
| 0.81 | FNCH | Finch Therapeutics | PairCorr |
| 0.71 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.64 | CYCCP | Cyclacel Pharmaceuticals | PairCorr |
| 0.62 | EMMA | Emmaus Life Sciences | PairCorr |
The ability to find closely correlated positions to XOMA Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XOMA Corp 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 XOMA Corp - 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 XOMA Corp to buy it.
The correlation of XOMA Corp 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 XOMA Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XOMA Corp 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 XOMA Corp 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 XOMA Preferred Stock Analysis
When running XOMA Corp's price analysis, check to measure XOMA Corp'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 XOMA Corp is operating at the current time. Most of XOMA Corp's value examination focuses on studying past and present price action to predict the probability of XOMA Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XOMA Corp's price. Additionally, you may evaluate how the addition of XOMA Corp to your portfolios can decrease your overall portfolio volatility.