Xwell Inc Stock Statistic Functions Beta
| XWEL Stock | USD 1.37 0.08 5.52% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on XWELL Inc correlated with the market. If Beta is less than 0 XWELL generally moves in the opposite direction as compared to the market. If XWELL Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one XWELL Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of XWELL is generally in the same direction as the market. If Beta > 1 XWELL moves generally in the same direction as, but more than the movement of the benchmark.
XWELL Technical Analysis Modules
Most technical analysis of XWELL help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for XWELL from various momentum indicators to cycle indicators. When you analyze XWELL charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About XWELL Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of XWELL Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of XWELL Inc based on widely used predictive technical indicators. In general, we focus on analyzing XWELL Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build XWELL's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of XWELL's intrinsic value. In addition to deriving basic predictive indicators for XWELL, we also check how macroeconomic factors affect XWELL price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2022 | 2023 | 2024 (projected) | Graham Number | 36.56 | 21.58 | 20.5 | Receivables Turnover | 19.57 | 18.06 | 36.1 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of XWELL'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.
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XWELL Inc pair trading
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 XWELL 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 XWELL will appreciate offsetting losses from the drop in the long position's value.XWELL Pair Trading
XWELL Inc Pair Trading Analysis
The ability to find closely correlated positions to XWELL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XWELL 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 XWELL - 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 XWELL Inc to buy it.
The correlation of XWELL 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 XWELL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XWELL 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 XWELL 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XWELL Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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 XWELL. If investors know XWELL 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 XWELL listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.29) | Revenue Per Share 7.862 | Quarterly Revenue Growth 0.135 | Return On Assets (0.16) | Return On Equity (0.76) |
The market value of XWELL Inc is measured differently than its book value, which is the value of XWELL that is recorded on the company's balance sheet. Investors also form their own opinion of XWELL's value that differs from its market value or its book value, called intrinsic value, which is XWELL'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 XWELL's market value can be influenced by many factors that don't directly affect XWELL'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 XWELL's value and its price as these two are different measures arrived at by different means. Investors typically determine if XWELL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, XWELL'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.