Xenetic Biosciences Stock Market Value
| XBIO Stock | USD 4.26 0.06 1.43% |
| Symbol | Xenetic |
Xenetic Biosciences 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 Xenetic Biosciences. If investors know Xenetic 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 Xenetic Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.66) | Revenue Per Share 1.638 | Quarterly Revenue Growth 0.116 | Return On Assets (0.29) | Return On Equity (0.49) |
The market value of Xenetic Biosciences is measured differently than its book value, which is the value of Xenetic that is recorded on the company's balance sheet. Investors also form their own opinion of Xenetic Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Xenetic Biosciences' 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 Xenetic Biosciences' market value can be influenced by many factors that don't directly affect Xenetic Biosciences' 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 Xenetic Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Xenetic Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xenetic Biosciences' 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.
Xenetic Biosciences '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 Xenetic Biosciences' 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 Xenetic Biosciences.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Xenetic Biosciences on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Xenetic Biosciences or generate 0.0% return on investment in Xenetic Biosciences over 30 days. Xenetic Biosciences is related to or competes with Cue Biopharma, Eliem Therapeutics, Inhibrx, and Molecular Partners. Xenetic Biosciences, Inc., a biopharmaceutical company, focuses on advancing XCART, a personalized chimeric antigen rece... More
Xenetic Biosciences 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 Xenetic Biosciences' 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 Xenetic Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.75 | |||
| Information Ratio | 0.0051 | |||
| Maximum Drawdown | 26.99 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 7.65 |
Xenetic Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xenetic Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xenetic Biosciences' standard deviation. In reality, there are many statistical measures that can use Xenetic Biosciences historical prices to predict the future Xenetic Biosciences' volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.0054 | |||
| Treynor Ratio | 0.4554 |
Xenetic Biosciences Backtested Returns
Xenetic Biosciences appears to be somewhat reliable, given 3 months investment horizon. Xenetic Biosciences shows Sharpe Ratio of 0.0504, which attests that the company had a 0.0504% return per unit of risk over the last 3 months. We have found thirty technical indicators for Xenetic Biosciences, which you can use to evaluate the volatility of the company. Please utilize Xenetic Biosciences' Mean Deviation of 3.84, downside deviation of 4.75, and Market Risk Adjusted Performance of 0.4654 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xenetic Biosciences holds a performance score of 3. The firm maintains a market beta of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xenetic Biosciences' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xenetic Biosciences is expected to be smaller as well. Please check Xenetic Biosciences' skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Xenetic Biosciences' historical returns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Xenetic Biosciences has good reverse predictability. Overlapping area represents the amount of predictability between Xenetic Biosciences time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Xenetic Biosciences price movement. The serial correlation of -0.51 indicates that about 51.0% of current Xenetic Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Xenetic Biosciences lagged returns against current returns
Autocorrelation, which is Xenetic Biosciences 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 Xenetic Biosciences' stock expected returns. We can calculate the autocorrelation of Xenetic Biosciences returns to help us make a trade decision. For example, suppose you find that Xenetic Biosciences 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 |
Xenetic Biosciences 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 Xenetic Biosciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xenetic Biosciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xenetic Biosciences stock over time.
Current vs Lagged Prices |
| Timeline |
Xenetic Biosciences Lagged Returns
When evaluating Xenetic Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xenetic Biosciences stock have on its future price. Xenetic Biosciences 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, Xenetic Biosciences autocorrelation shows the relationship between Xenetic Biosciences stock current value and its past values and can show if there is a momentum factor associated with investing in Xenetic Biosciences.
Regressed Prices |
| Timeline |
Pair Trading with Xenetic Biosciences
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 Xenetic Biosciences 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 Xenetic Biosciences will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Xenetic Biosciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xenetic Biosciences 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 Xenetic Biosciences - 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 Xenetic Biosciences to buy it.
The correlation of Xenetic Biosciences 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 Xenetic Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xenetic Biosciences 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 Xenetic Biosciences 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.Check out Xenetic Biosciences Correlation, Xenetic Biosciences Volatility and Xenetic Biosciences Alpha and Beta module to complement your research on Xenetic Biosciences. To learn how to invest in Xenetic Stock, please use our How to Invest in Xenetic Biosciences guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Xenetic Biosciences 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.