Xoma Corporation Preferred Stock Market Value
| XOMAO Preferred Stock | USD 25.36 0.09 0.36% |
| Symbol | XOMA |
XOMA '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'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.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in XOMA on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding XOMA Corporation or generate 0.0% return on investment in XOMA over 180 days. XOMA is related to or competes with XOMA Corp, Harrow Health, SiriusPoint, New York, and Sachem Capital. XOMA Corporation operates as a biotechnology royalty aggregator in Europe, the United States, and the Asia Pacific More
XOMA 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'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 Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3253 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.512 |
XOMA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XOMA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XOMA's standard deviation. In reality, there are many statistical measures that can use XOMA historical prices to predict the future XOMA's volatility.| Risk Adjusted Performance | 0.0474 | |||
| Jensen Alpha | 0.0182 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | 8.02 |
XOMA Backtested Returns
As of now, XOMA Preferred Stock is very steady. XOMA shows Sharpe Ratio of 0.065, which attests that the company had a 0.065% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for XOMA, which you can use to evaluate the volatility of the company. Please check out XOMA's Mean Deviation of 0.2391, downside deviation of 0.3253, and Risk Adjusted Performance of 0.0474 to validate if the risk estimate we provide is consistent with the expected return of 0.0249%. XOMA has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.0023, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XOMA's returns are expected to increase less than the market. However, during the bear market, the loss of holding XOMA is expected to be smaller as well. XOMA presently maintains a risk of 0.38%. Please check out XOMA value at risk, as well as the relationship between the skewness and day median price , to decide if XOMA will be following its historical returns.
Auto-correlation | 0.78 |
Good predictability
XOMA Corporation has good predictability. Overlapping area represents the amount of predictability between XOMA time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 XOMA price movement. The serial correlation of 0.78 indicates that around 78.0% of current XOMA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
XOMA lagged returns against current returns
Autocorrelation, which is XOMA 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's preferred stock expected returns. We can calculate the autocorrelation of XOMA returns to help us make a trade decision. For example, suppose you find that XOMA 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 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XOMA 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 preferred stock over time.
Current vs Lagged Prices |
| Timeline |
XOMA Lagged Returns
When evaluating XOMA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XOMA preferred stock have on its future price. XOMA 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 autocorrelation shows the relationship between XOMA preferred stock current value and its past values and can show if there is a momentum factor associated with investing in XOMA Corporation.
Regressed Prices |
| Timeline |
Pair Trading with XOMA
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving against XOMA Preferred Stock
| 0.81 | FNCH | Finch Therapeutics | PairCorr |
| 0.78 | HRGN | Harvard Apparatus | PairCorr |
| 0.73 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.69 | ENSCW | Ensysce Biosciences | PairCorr |
| 0.62 | EMMA | Emmaus Life Sciences | PairCorr |
The ability to find closely correlated positions to XOMA 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 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 - 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 Corporation to buy it.
The correlation of XOMA 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XOMA 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 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.Other Information on Investing in XOMA Preferred Stock
XOMA financial ratios help investors to determine whether XOMA Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in XOMA with respect to the benefits of owning XOMA security.