Xencor Inc Stock Market Value
| XNCR Stock | USD 25.01 0.91 3.78% |
| Symbol | Xencor |
Xencor 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 Xencor. If investors know Xencor 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 Xencor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.18) | Revenue Per Share 1.375 | Quarterly Revenue Growth (0.82) | Return On Assets (0.15) | Return On Equity (0.29) |
The market value of Xencor Inc is measured differently than its book value, which is the value of Xencor that is recorded on the company's balance sheet. Investors also form their own opinion of Xencor's value that differs from its market value or its book value, called intrinsic value, which is Xencor'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 Xencor's market value can be influenced by many factors that don't directly affect Xencor'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 Xencor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xencor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xencor'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.
Xencor '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 Xencor'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 Xencor.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Xencor on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Xencor Inc or generate 0.0% return on investment in Xencor over 30 days. Xencor is related to or competes with Edgewise Therapeutics, Keros Therapeutics, Monte Rosa, Mineralys Therapeutics,, Erasca, Kura Oncology, and Protagonist Therapeutics. Xencor, Inc., a clinical stage biopharmaceutical company, focuses on the discovery and development of engineered monoclo... More
Xencor 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 Xencor'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 Xencor Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.1203 | |||
| Maximum Drawdown | 26.75 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 5.39 |
Xencor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xencor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xencor's standard deviation. In reality, there are many statistical measures that can use Xencor historical prices to predict the future Xencor's volatility.| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 0.3231 | |||
| Total Risk Alpha | 0.0619 | |||
| Sortino Ratio | 0.2322 | |||
| Treynor Ratio | 0.2428 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xencor's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Xencor Inc Backtested Returns
Xencor appears to be not too volatile, given 3 months investment horizon. Xencor Inc shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Xencor's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Xencor's Market Risk Adjusted Performance of 0.2528, downside deviation of 1.93, and Mean Deviation of 2.19 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xencor holds a performance score of 13. The firm maintains a market beta of 2.26, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Xencor will likely underperform. Please check Xencor's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Xencor's historical returns will revert.
Auto-correlation | 0.92 |
Excellent predictability
Xencor Inc has excellent predictability. Overlapping area represents the amount of predictability between Xencor time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Xencor Inc price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Xencor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Xencor Inc lagged returns against current returns
Autocorrelation, which is Xencor 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 Xencor's stock expected returns. We can calculate the autocorrelation of Xencor returns to help us make a trade decision. For example, suppose you find that Xencor 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 |
Xencor 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 Xencor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xencor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xencor stock over time.
Current vs Lagged Prices |
| Timeline |
Xencor Lagged Returns
When evaluating Xencor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xencor stock have on its future price. Xencor 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, Xencor autocorrelation shows the relationship between Xencor stock current value and its past values and can show if there is a momentum factor associated with investing in Xencor Inc.
Regressed Prices |
| Timeline |
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
| 0.87 | VALN | Valneva SE ADR | PairCorr |
| 0.85 | AGL | agilon health | PairCorr |
| 0.79 | MTEM | Molecular Templates | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.74 | BACK | IMAC Holdings | 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.