Xencor Cash vs Retained Earnings Analysis

XNCR Stock

USD 25.01 0.91 3.78%

Xencor financial indicator trend analysis is more than just analyzing Xencor Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xencor Inc is a good investment. Please check the relationship between Xencor Cash and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xencor Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xencor Inc Cash account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Xencor's Cash and Retained Earnings is -0.41. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Xencor Inc, assuming nothing else is changed. The correlation between historical values of Xencor's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Xencor Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Xencor's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Xencor Inc, which is listed under current asset account on Xencor Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Xencor customers. The amounts must be unrestricted with restricted cash listed in a different Xencor account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Xencor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xencor Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xencor Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, Xencor's Selling General Administrative is relatively stable compared to the past year. As of 11/23/2024, Sales General And Administrative To Revenue is likely to grow to 0.41, though Tax Provision is likely to grow to (394.2 K).

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	7.5M	8.8M	10.4M	6.6M
Net Interest Income	849K	4.8M	13.7M	7.6M

Reconciled Depreciation Net Interest Income

Xencor fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.52	0.7	0.7	0.99	0.75	0.49	-0.18	-0.79	0.91	0.52	0.73	0.82	0.92	0.72	0.9	0.95	0.47	0.86	0.98	0.65	0.67	0.94	0.0	0.97	0.88
Short Long Term Debt Total	0.52		0.81	0.21	0.46	0.93	-0.06	0.48	-0.71	0.54	0.1	0.59	0.83	0.48	0.28	0.31	0.38	0.94	0.74	0.46	0.86	0.97	0.49	0.23	0.61	0.3
Other Current Liab	0.7	0.81		0.4	0.66	0.89	0.14	-0.04	-0.8	0.79	0.58	0.65	0.84	0.65	0.6	0.55	0.62	0.83	0.8	0.66	0.84	0.89	0.67	0.22	0.77	0.54
Total Current Liabilities	0.7	0.21	0.4		0.66	0.37	0.93	-0.21	-0.57	0.61	0.34	0.56	0.4	0.65	0.38	0.67	0.69	0.23	0.45	0.67	0.59	0.32	0.64	-0.15	0.61	0.67
Total Stockholder Equity	0.99	0.46	0.66	0.66		0.72	0.47	-0.24	-0.76	0.89	0.56	0.72	0.8	0.92	0.77	0.9	0.96	0.39	0.87	0.98	0.58	0.63	0.94	0.01	0.95	0.9
Property Plant And Equipment Net	0.75	0.93	0.89	0.37	0.72		0.11	0.2	-0.83	0.75	0.37	0.67	0.94	0.72	0.53	0.57	0.65	0.86	0.9	0.71	0.86	0.98	0.74	0.14	0.83	0.57
Current Deferred Revenue	0.49	-0.06	0.14	0.93	0.47	0.11		-0.29	-0.41	0.37	0.25	0.43	0.16	0.44	0.23	0.59	0.57	0.01	0.22	0.5	0.39	0.06	0.43	-0.32	0.38	0.6
Net Debt	-0.18	0.48	-0.04	-0.21	-0.24	0.2	-0.29		-0.01	-0.19	-0.82	0.08	0.12	-0.21	-0.48	-0.3	-0.29	0.43	-0.06	-0.26	0.27	0.31	-0.23	0.07	-0.17	-0.32
Retained Earnings	-0.79	-0.71	-0.8	-0.57	-0.76	-0.83	-0.41	-0.01		-0.72	-0.41	-0.66	-0.78	-0.79	-0.35	-0.8	-0.82	-0.77	-0.75	-0.83	-0.87	-0.83	-0.78	0.25	-0.82	-0.8
Accounts Payable	0.91	0.54	0.79	0.61	0.89	0.75	0.37	-0.19	-0.72		0.56	0.67	0.81	0.83	0.74	0.8	0.86	0.5	0.81	0.88	0.64	0.68	0.86	0.12	0.92	0.78
Cash	0.52	0.1	0.58	0.34	0.56	0.37	0.25	-0.82	-0.41	0.56		0.25	0.4	0.54	0.72	0.5	0.54	0.12	0.54	0.55	0.23	0.27	0.58	0.09	0.58	0.51
Non Current Assets Total	0.73	0.59	0.65	0.56	0.72	0.67	0.43	0.08	-0.66	0.67	0.25		0.79	0.46	0.61	0.68	0.7	0.59	0.76	0.71	0.71	0.67	0.49	0.28	0.64	0.68
Non Currrent Assets Other	0.82	0.83	0.84	0.4	0.8	0.94	0.16	0.12	-0.78	0.81	0.4	0.79		0.71	0.67	0.64	0.73	0.76	0.96	0.78	0.78	0.91	0.74	0.27	0.84	0.64
Cash And Short Term Investments	0.92	0.48	0.65	0.65	0.92	0.72	0.44	-0.21	-0.79	0.83	0.54	0.46	0.71		0.57	0.82	0.89	0.43	0.75	0.92	0.6	0.63	1.0	-0.21	0.95	0.81
Net Receivables	0.72	0.28	0.6	0.38	0.77	0.53	0.23	-0.48	-0.35	0.74	0.72	0.61	0.67	0.57		0.57	0.67	0.15	0.78	0.68	0.27	0.41	0.63	0.48	0.7	0.58
Common Stock Total Equity	0.9	0.31	0.55	0.67	0.9	0.57	0.59	-0.3	-0.8	0.8	0.5	0.68	0.64	0.82	0.57		0.98	0.34	0.7	0.96	0.54	0.51	0.83	-0.3	0.85	1.0
Common Stock Shares Outstanding	0.95	0.38	0.62	0.69	0.96	0.65	0.57	-0.29	-0.82	0.86	0.54	0.7	0.73	0.89	0.67	0.98		0.38	0.79	0.99	0.58	0.58	0.9	-0.18	0.91	0.98
Non Current Liabilities Total	0.47	0.94	0.83	0.23	0.39	0.86	0.01	0.43	-0.77	0.5	0.12	0.59	0.76	0.43	0.15	0.34	0.38		0.62	0.43	0.92	0.94	0.43	0.06	0.54	0.32
Other Current Assets	0.86	0.74	0.8	0.45	0.87	0.9	0.22	-0.06	-0.75	0.81	0.54	0.76	0.96	0.75	0.78	0.7	0.79	0.62		0.84	0.69	0.83	0.79	0.28	0.89	0.71
Other Stockholder Equity	0.98	0.46	0.66	0.67	0.98	0.71	0.5	-0.26	-0.83	0.88	0.55	0.71	0.78	0.92	0.68	0.96	0.99	0.43	0.84		0.61	0.63	0.93	-0.13	0.95	0.95
Total Liab	0.65	0.86	0.84	0.59	0.58	0.86	0.39	0.27	-0.87	0.64	0.23	0.71	0.78	0.6	0.27	0.54	0.58	0.92	0.69	0.61		0.9	0.6	-0.01	0.67	0.53
Property Plant And Equipment Gross	0.67	0.97	0.89	0.32	0.63	0.98	0.06	0.31	-0.83	0.68	0.27	0.67	0.91	0.63	0.41	0.51	0.58	0.94	0.83	0.63	0.9		0.64	0.13	0.75	0.5
Total Current Assets	0.94	0.49	0.67	0.64	0.94	0.74	0.43	-0.23	-0.78	0.86	0.58	0.49	0.74	1.0	0.63	0.83	0.9	0.43	0.79	0.93	0.6	0.64		-0.15	0.96	0.82
Short Term Debt	0.0	0.23	0.22	-0.15	0.01	0.14	-0.32	0.07	0.25	0.12	0.09	0.28	0.27	-0.21	0.48	-0.3	-0.18	0.06	0.28	-0.13	-0.01	0.13	-0.15		0.0	-0.3
Intangible Assets	0.97	0.61	0.77	0.61	0.95	0.83	0.38	-0.17	-0.82	0.92	0.58	0.64	0.84	0.95	0.7	0.85	0.91	0.54	0.89	0.95	0.67	0.75	0.96	0.0		0.84
Common Stock	0.88	0.3	0.54	0.67	0.9	0.57	0.6	-0.32	-0.8	0.78	0.51	0.68	0.64	0.81	0.58	1.0	0.98	0.32	0.71	0.95	0.53	0.5	0.82	-0.3	0.84

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Xencor Account Relationship Matchups

Xencor fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	670.3M	703.2M	838.2M	846.3M	952.7M	491.0M
Other Current Liab	9.0M	13.8M	19.4M	9.3M	23.6M	24.7M
Total Current Liabilities	66.6M	121.1M	70.7M	63.8M	84.7M	65.8M
Total Stockholder Equity	593.2M	572.4M	733.5M	727.5M	668.8M	395.8M
Property Plant And Equipment Net	25.2M	32.3M	60.0M	93.6M	100.1M	105.1M
Current Deferred Revenue	45.2M	92.6M	37.3M	30.3M	31.7M	42.9M
Net Debt	(39.6M)	(151.9M)	(109.5M)	5.7M	29.6M	31.1M
Retained Earnings	(296.4M)	(365.7M)	(283.1M)	(338.3M)	(464.4M)	(441.2M)
Accounts Payable	10.2M	9.0M	14.0M	10.1M	13.9M	7.2M
Cash	50.3M	163.5M	143.5M	53.9M	53.8M	57.9M
Non Current Assets Total	111.8M	65.6M	413.8M	170.9M	329.5M	346.0M
Cash And Short Term Investments	529.8M	603.0M	334.1M	623.1M	593.7M	302.8M
Net Receivables	22.1M	23.9M	66.4M	29.0M	11.3M	15.0M
Common Stock Total Equity	563K	569K	580K	595K	684.3K	427.8K
Common Stock Shares Outstanding	58.5M	57.2M	60.5M	59.7M	60.5M	48.6M
Liabilities And Stockholders Equity	670.3M	703.2M	838.2M	846.3M	952.7M	491.0M
Non Current Liabilities Total	10.5M	9.7M	34.0M	54.9M	198.9M	208.8M
Other Current Assets	6.5M	10.7M	23.9M	23.3M	18.1M	19.1M
Other Stockholder Equity	887.9M	937.5M	1.0B	1.1B	1.1B	683.0M
Total Liab	77.0M	130.8M	104.7M	118.8M	283.6M	297.7M
Property Plant And Equipment Gross	25.2M	21.7M	60.0M	93.6M	136.3M	143.2M
Total Current Assets	558.4M	637.7M	424.4M	675.3M	623.2M	326.5M
Accumulated Other Comprehensive Income	1.2M	74K	(1.5M)	(7.0M)	1.3M	1.4M
Short Term Debt	2.2M	3.8M	34.0M	9.4M	9.8M	12.0M
Intangible Assets	14.4M	16.0M	16.5M	18.5M	18.7M	13.6M
Common Stock	569K	580K	595K	601K	611K	464.5K
Other Assets	713K	212K	5.7M	613K	705.0K	1.1M
Property Plant Equipment	15.8M	21.7M	60.0M	93.6M	107.6M	113.0M
Net Tangible Assets	578.8M	556.5M	717.0M	709.0M	815.3M	471.4M
Retained Earnings Total Equity	(323.3M)	(296.4M)	(365.7M)	(283.1M)	(254.8M)	(267.5M)
Short Term Investments	479.5M	439.5M	190.6M	569.1M	539.9M	318.3M
Capital Surpluse	845.4M	887.9M	937.5M	1.0B	1.2B	761.6M
Long Term Investments	71.9M	17.1M	331.7M	58.2M	209.7M	127.7M
Net Invested Capital	593.2M	572.4M	733.5M	727.5M	689.8M	647.5M

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

0.86	VALN	Valneva SE ADR	Pair Corr
0.86	AGL	agilon health	Pair Corr
0.79	MTEM	Molecular Templates	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.73	BACK	IMAC Holdings	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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