10x Genomics Stock Volatility
| TXG Stock | USD 15.30 0.99 6.92% |
10X Genomics secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. 10X Genomics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 10X Genomics' mean deviation of 2.97, and Variance of 19.94 to double-check the risk estimate we provide. Key indicators related to 10X Genomics' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
10X Genomics Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of 10X daily returns, and it is calculated using variance and standard deviation. We also use 10X's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of 10X Genomics volatility.
10X |
ESG Sustainability
While most ESG disclosures are voluntary, 10X Genomics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 10X Genomics' managers and investors.Environmental | Governance | Social |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as 10X Genomics can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of 10X Genomics at lower prices to lower their average cost per share. Similarly, when the prices of 10X Genomics' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with 10X Stock
| 0.62 | A | Agilent Technologies | PairCorr |
| 0.85 | ME | 23Andme Holding | PairCorr |
| 0.79 | VALN | Valneva SE ADR | PairCorr |
| 0.65 | VCNX | Vaccinex | PairCorr |
Moving against 10X Stock
| 0.84 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
| 0.83 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.75 | EXEL | Exelixis | PairCorr |
| 0.51 | VRDN | Viridian Therapeutics | PairCorr |
| 0.47 | FLGC | Flora Growth Corp | PairCorr |
| 0.42 | KTTAW | Pasithea Therapeutics | PairCorr |
| 0.32 | HCM | HUTCHMED DRC | PairCorr |
10X Genomics Market Sensitivity And Downside Risk
10X Genomics' beta coefficient measures the volatility of 10X stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents 10X stock's returns against your selected market. In other words, 10X Genomics's beta of 1.51 provides an investor with an approximation of how much risk 10X Genomics stock can potentially add to one of your existing portfolios. 10X Genomics exhibits very low volatility with skewness of -2.39 and kurtosis of 12.13. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure 10X Genomics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact 10X Genomics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze 10X Genomics Demand TrendCheck current 90 days 10X Genomics correlation with market (Dow Jones Industrial)10X Beta |
10X standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 4.56 |
It is essential to understand the difference between upside risk (as represented by 10X Genomics's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of 10X Genomics' daily returns or price. Since the actual investment returns on holding a position in 10x stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in 10X Genomics.
10X Genomics Stock Volatility Analysis
Volatility refers to the frequency at which 10X Genomics stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with 10X Genomics' price changes. Investors will then calculate the volatility of 10X Genomics' stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of 10X Genomics' volatility:
Historical Volatility
This type of stock volatility measures 10X Genomics' fluctuations based on previous trends. It's commonly used to predict 10X Genomics' future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for 10X Genomics' current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on 10X Genomics' to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. 10X Genomics Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
10X Genomics Projected Return Density Against Market
Considering the 90-day investment horizon the stock has the beta coefficient of 1.5078 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 10X Genomics will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to 10X Genomics or Life Sciences Tools & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 10X Genomics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 10X stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
10X Genomics has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a 10X Genomics Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.10X Genomics Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of 10X Genomics is -922.2. The daily returns are distributed with a variance of 20.76 and standard deviation of 4.56. The mean deviation of 10X Genomics is currently at 3.03. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | -0.75 | |
β | Beta against Dow Jones | 1.51 | |
σ | Overall volatility | 4.56 | |
Ir | Information ratio | -0.15 |
10X Genomics Stock Return Volatility
10X Genomics historical daily return volatility represents how much of 10X Genomics stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company has volatility of 4.5566% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7762% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About 10X Genomics Volatility
Volatility is a rate at which the price of 10X Genomics or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of 10X Genomics may increase or decrease. In other words, similar to 10X's beta indicator, it measures the risk of 10X Genomics and helps estimate the fluctuations that may happen in a short period of time. So if prices of 10X Genomics fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 3.3 M | 3.3 M | |
| Market Cap | 6.6 B | 5.2 B |
10X Genomics' stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on 10X Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much 10X Genomics' price varies over time.
3 ways to utilize 10X Genomics' volatility to invest better
Higher 10X Genomics' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of 10X Genomics stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. 10X Genomics stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of 10X Genomics investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in 10X Genomics' stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of 10X Genomics' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
10X Genomics Investment Opportunity
10X Genomics has a volatility of 4.56 and is 5.85 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of 10X Genomics is lower than 40 percent of all global equities and portfolios over the last 90 days. You can use 10X Genomics to enhance the returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of 10X Genomics to be traded at $19.13 in 90 days.Modest diversification
The correlation between 10X Genomics and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 10X Genomics and DJI in the same portfolio, assuming nothing else is changed.
10X Genomics Additional Risk Indicators
The analysis of 10X Genomics' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in 10X Genomics' investment and either accepting that risk or mitigating it. Along with some common measures of 10X Genomics stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (0.37) | |||
| Mean Deviation | 2.97 | |||
| Coefficient Of Variation | (798.32) | |||
| Standard Deviation | 4.47 | |||
| Variance | 19.94 | |||
| Information Ratio | (0.15) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
10X Genomics Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against 10X Genomics as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. 10X Genomics' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, 10X Genomics' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to 10X Genomics.
Complementary Tools for 10X Stock analysis
When running 10X Genomics' price analysis, check to measure 10X Genomics' 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 10X Genomics is operating at the current time. Most of 10X Genomics' value examination focuses on studying past and present price action to predict the probability of 10X Genomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 10X Genomics' price. Additionally, you may evaluate how the addition of 10X Genomics to your portfolios can decrease your overall portfolio volatility.
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