In8bio Inc Stock Market Value
| INAB Stock | USD 0.31 0.01 3.33% |
| Symbol | In8bio |
In8bio Inc Price To Book Ratio
Is Biotechnology 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. If investors know In8bio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about In8bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.74) | Return On Assets (0.78) | Return On Equity (1.80) |
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. However, In8bio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
In8bio 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to In8bio's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of In8bio.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in In8bio on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding In8bio Inc or generate 0.0% return on investment in In8bio over 30 days. In8bio is related to or competes with Reviva Pharmaceuticals, Cue Biopharma, Lantern Pharma, Anixa Biosciences, INmune Bio, PolyPid, and Zura Bio. IN8bio, Inc., a clinical-stage biotechnology company, focuses on the discovery, development, and commercialization of ga... More
In8bio Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure In8bio's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess In8bio Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 109.03 | |||
| Value At Risk | (11.54) | |||
| Potential Upside | 6.67 |
In8bio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for In8bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as In8bio's standard deviation. In reality, there are many statistical measures that can use In8bio historical prices to predict the future In8bio's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (2.19) | |||
| Treynor Ratio | 0.195 |
In8bio Inc Backtested Returns
In8bio Inc retains Efficiency (Sharpe Ratio) of -0.0136, which attests that the entity had a -0.0136% return per unit of price deviation over the last 3 months. In8bio exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out In8bio's Market Risk Adjusted Performance of 0.205, coefficient of variation of (4,604), and Information Ratio of (0.03) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -1.42, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning In8bio are expected to decrease by larger amounts. On the other hand, during market turmoil, In8bio is expected to outperform it. At this point, In8bio Inc has a negative expected return of -0.17%. Please make sure to check out In8bio's mean deviation, jensen alpha, potential upside, as well as the relationship between the standard deviation and treynor ratio , to decide if In8bio Inc performance from the past will be repeated at future time.
Auto-correlation | -0.58 |
Good reverse predictability
In8bio Inc has good reverse predictability. Overlapping area represents the amount of predictability between In8bio time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of In8bio Inc price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current In8bio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
In8bio Inc lagged returns against current returns
Autocorrelation, which is In8bio stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting In8bio's stock expected returns. We can calculate the autocorrelation of In8bio returns to help us make a trade decision. For example, suppose you find that In8bio has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
In8bio regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If In8bio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if In8bio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in In8bio stock over time.
Current vs Lagged Prices |
| Timeline |
In8bio Lagged Returns
When evaluating In8bio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of In8bio stock have on its future price. In8bio autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, In8bio autocorrelation shows the relationship between In8bio stock current value and its past values and can show if there is a momentum factor associated with investing in In8bio Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether In8bio Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of In8bio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of In8bio Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on In8bio Inc Stock:Check out In8bio Correlation, In8bio Volatility and In8bio Alpha and Beta module to complement your research on In8bio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
In8bio technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.