In8bio Inc Stock Price on December 31, 2023
If you're considering investing in In8bio Stock, it is important to understand the factors that can impact its price. In8bio Inc retains Efficiency (Sharpe Ratio) of -0.008, which attests that the entity had a -0.008% return per unit of price deviation over the last 3 months. In8bio exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out In8bio's Coefficient Of Variation of (12,452), market risk adjusted performance of (0.08), and Information Ratio of (0.02) to validate the risk estimate we provide.
In8bio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
In8bio |
Sharpe Ratio = -0.008
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Estimated Market Risk
12.35 actual daily | 96 96% of assets are less volatile |
Expected Return
-0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average In8bio is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of In8bio by adding In8bio to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
In8bio Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
In8bio Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
In8bio November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how In8bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading In8bio shares will generate the highest return on investment. By undertsting and applying In8bio stock market strength indicators, traders can identify In8bio Inc entry and exit signals to maximize returns
In8bio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for In8bio's price direction in advance. Along with the technical and fundamental analysis of In8bio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of In8bio to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0032 | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (2.05) | |||
Treynor Ratio | (0.09) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Tools for In8bio Stock
When running In8bio's price analysis, check to measure In8bio'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 In8bio is operating at the current time. Most of In8bio's value examination focuses on studying past and present price action to predict the probability of In8bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move In8bio's price. Additionally, you may evaluate how the addition of In8bio to your portfolios can decrease your overall portfolio volatility.
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