Xoma Corp Preferred Stock Market Value
| XOMAP Preferred Stock | USD 25.69 0.24 0.93% |
| Symbol | XOMA |
XOMA Corp '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 XOMA Corp's preferred 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 XOMA Corp.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in XOMA Corp on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding XOMA Corp or generate 0.0% return on investment in XOMA Corp over 90 days. XOMA Corp is related to or competes with XOMA, Fortress Biotech, and B Riley. XOMA Corporation operates as a biotechnology royalty aggregator in Europe, the United States, and the Asia Pacific More
XOMA Corp 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 XOMA Corp's preferred 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 XOMA Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7494 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.61 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.28 |
XOMA Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XOMA Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XOMA Corp's standard deviation. In reality, there are many statistical measures that can use XOMA Corp historical prices to predict the future XOMA Corp's volatility.| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 0.0183 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.2194 |
XOMA Corp Backtested Returns
Currently, XOMA Corp is very steady. XOMA Corp shows Sharpe Ratio of 0.0752, which attests that the company had a 0.0752% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for XOMA Corp, which you can use to evaluate the volatility of the company. Please check out XOMA Corp's Risk Adjusted Performance of 0.0545, downside deviation of 0.7494, and Mean Deviation of 0.5273 to validate if the risk estimate we provide is consistent with the expected return of 0.0573%. XOMA Corp has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XOMA Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding XOMA Corp is expected to be smaller as well. XOMA Corp presently maintains a risk of 0.76%. Please check out XOMA Corp value at risk, as well as the relationship between the skewness and day median price , to decide if XOMA Corp will be following its historical returns.
Auto-correlation | -0.64 |
Very good reverse predictability
XOMA Corp has very good reverse predictability. Overlapping area represents the amount of predictability between XOMA Corp time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 XOMA Corp price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current XOMA Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
XOMA Corp lagged returns against current returns
Autocorrelation, which is XOMA Corp preferred 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 XOMA Corp's preferred stock expected returns. We can calculate the autocorrelation of XOMA Corp returns to help us make a trade decision. For example, suppose you find that XOMA Corp has exhibited high autocorrelation historically, and you observe that the preferred 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 |
XOMA Corp 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 XOMA Corp preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XOMA Corp preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XOMA Corp preferred stock over time.
Current vs Lagged Prices |
| Timeline |
XOMA Corp Lagged Returns
When evaluating XOMA Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XOMA Corp preferred stock have on its future price. XOMA Corp 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, XOMA Corp autocorrelation shows the relationship between XOMA Corp preferred stock current value and its past values and can show if there is a momentum factor associated with investing in XOMA Corp.
Regressed Prices |
| Timeline |
Pair Trading with XOMA Corp
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 XOMA Corp 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 XOMA Corp will appreciate offsetting losses from the drop in the long position's value.Moving against XOMA Preferred Stock
| 0.81 | FNCH | Finch Therapeutics | PairCorr |
| 0.7 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.67 | BAYRY | Bayer AG PK | PairCorr |
| 0.66 | PZRXQ | PhaseRx | PairCorr |
| 0.58 | ENSCW | Ensysce Biosciences | PairCorr |
The ability to find closely correlated positions to XOMA Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XOMA Corp 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 XOMA Corp - 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 XOMA Corp to buy it.
The correlation of XOMA Corp 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 XOMA Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XOMA Corp 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 XOMA Corp 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 XOMA Preferred Stock Analysis
When running XOMA Corp's price analysis, check to measure XOMA Corp'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 XOMA Corp is operating at the current time. Most of XOMA Corp's value examination focuses on studying past and present price action to predict the probability of XOMA Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XOMA Corp's price. Additionally, you may evaluate how the addition of XOMA Corp to your portfolios can decrease your overall portfolio volatility.