Exagen Inc Stock Statistic Functions Beta

XGN Stock  USD 3.97  0.13  3.39%   
Exagen statistic functions tool provides the execution environment for running the Beta function and other technical functions against Exagen. Exagen value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Exagen statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

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 Exagen Inc correlated with the market. If Beta is less than 0 Exagen generally moves in the opposite direction as compared to the market. If Exagen Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Exagen Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Exagen is generally in the same direction as the market. If Beta > 1 Exagen moves generally in the same direction as, but more than the movement of the benchmark.

Exagen Technical Analysis Modules

Most technical analysis of Exagen 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 Exagen from various momentum indicators to cycle indicators. When you analyze Exagen 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.

About Exagen 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 Exagen Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Exagen Inc based on widely used predictive technical indicators. In general, we focus on analyzing Exagen Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Exagen'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 Exagen's intrinsic value. In addition to deriving basic predictive indicators for Exagen, we also check how macroeconomic factors affect Exagen price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.0190.0169
Price To Sales Ratio0.670.64
Hype
Prediction
LowEstimatedHigh
0.193.869.11
Details
Intrinsic
Valuation
LowRealHigh
0.234.649.89
Details
Naive
Forecast
LowNextHigh
0.084.129.38
Details
6 Analysts
Consensus
LowTargetHigh
5.696.256.94
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Exagen. Your research has to be compared to or analyzed against Exagen's peers to derive any actionable benefits. When done correctly, Exagen's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Exagen Inc.

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Use basic forecasting models to generate price predictions and determine price momentum
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Exagen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Exagen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Exagen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Exagen Inc Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exagen 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 price.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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 Exagen. If investors know Exagen 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 Exagen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.94)
Revenue Per Share
3.163
Quarterly Revenue Growth
0.066
Return On Assets
(0.17)
Return On Equity
(0.70)
The market value of Exagen Inc is measured differently than its book value, which is the value of Exagen that is recorded on the company's balance sheet. Investors also form their own opinion of Exagen's value that differs from its market value or its book value, called intrinsic value, which is Exagen'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 Exagen's market value can be influenced by many factors that don't directly affect Exagen'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 Exagen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exagen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exagen'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.