Xencor Stock Forecast - Daily Balance Of Power
| XNCR Stock | USD 25.60 0.02 0.08% |
Xencor Stock Forecast is based on your current time horizon. Although Xencor's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Xencor's systematic risk associated with finding meaningful patterns of Xencor fundamentals over time.
Xencor |
Open Interest Against 2024-12-20 Xencor Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Xencor's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Xencor's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Xencor stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Xencor's open interest, investors have to compare it to Xencor's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Xencor is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Xencor. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.21) | 0.6034 |
| Check Xencor Volatility | Backtest Xencor | Trend Details |
Xencor Trading Date Momentum
| On March 11 2024 Xencor Inc was traded for 23.13 at the closing time. The top price for the day was 24.40 and the lowest listed price was 23.03 . The trading volume for the day was 719.6 K. The trading history from March 11, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 4.62% . The trading price change against the current closing price is 6.60% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Xencor
For every potential investor in Xencor, whether a beginner or expert, Xencor's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Xencor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Xencor. Basic forecasting techniques help filter out the noise by identifying Xencor's price trends.View Xencor Related Equities
| Risk & Return | Correlation |
Xencor Inc Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Xencor's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Xencor's current price.| Cycle Indicators | ||
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| Volume Indicators |
Xencor Market Strength Events
Market strength indicators help investors to evaluate how Xencor stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Xencor shares will generate the highest return on investment. By undertsting and applying Xencor stock market strength indicators, traders can identify Xencor Inc entry and exit signals to maximize returns.
Xencor Risk Indicators
The analysis of Xencor's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Xencor's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xencor stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.15 | |||
| Semi Deviation | 1.39 | |||
| Standard Deviation | 3.66 | |||
| Variance | 13.39 | |||
| Downside Variance | 3.39 | |||
| Semi Variance | 1.92 | |||
| Expected Short fall | (2.93) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Xencor
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 Xencor 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 Xencor will appreciate offsetting losses from the drop in the long position's value.Moving against Xencor Stock
| 0.89 | VALN | Valneva SE ADR | PairCorr |
| 0.74 | ME | 23Andme Holding Upward Rally | PairCorr |
| 0.72 | DRRX | Durect | PairCorr |
| 0.54 | DNTH | Dianthus Therapeutics | PairCorr |
| 0.53 | DRMA | Dermata Therapeutics | PairCorr |
The ability to find closely correlated positions to Xencor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xencor 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 Xencor - 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 Xencor Inc to buy it.
The correlation of Xencor 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 Xencor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xencor 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 Xencor 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 Xencor Stock Analysis
When running Xencor's price analysis, check to measure Xencor'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 Xencor is operating at the current time. Most of Xencor's value examination focuses on studying past and present price action to predict the probability of Xencor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xencor's price. Additionally, you may evaluate how the addition of Xencor to your portfolios can decrease your overall portfolio volatility.