Chemocentryx Stock Market Value

CCXI
 Stock
  

USD 51.66  0.02  0.0387%   

Chemocentryx's market value is the price at which a share of Chemocentryx stock trades on a public exchange. It measures the collective expectations of Chemocentryx investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Chemocentryx and determine expected loss or profit from investing in Chemocentryx over a given investment horizon. Continue to Chemocentryx Correlation, Chemocentryx Volatility and Chemocentryx Alpha and Beta module to complement your research on Chemocentryx.
Symbol


Is Chemocentryx's industry 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 Chemocentryx. If investors know Chemocentryx 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 Chemocentryx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Chemocentryx is measured differently than its book value, which is the value of Chemocentryx that is recorded on the company's balance sheet. Investors also form their own opinion of Chemocentryx's value that differs from its market value or its book value, called intrinsic value, which is Chemocentryx'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 Chemocentryx's market value can be influenced by many factors that don't directly affect Chemocentryx'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 Chemocentryx's value and its price as these two are different measures arrived at by different means. Investors typically determine Chemocentryx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemocentryx'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.

Chemocentryx '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 Chemocentryx's 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 Chemocentryx.
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09/02/2022
No Change 0.00  0.0 
In 31 days
10/02/2022
0.00
If you would invest  0.00  in Chemocentryx on September 2, 2022 and sell it all today you would earn a total of 0.00 from holding Chemocentryx or generate 0.0% return on investment in Chemocentryx over 30 days. Chemocentryx is related to or competes with Capcom, Roblox Corp, Activision Blizzard, Keywords Studios, Square Enix, PARADOX INTERACTIVE, and Take-Two Interactive. ChemoCentryx, Inc., a biopharmaceutical company, focuses on the development and commercialization of new medications for... More

Chemocentryx 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 Chemocentryx's 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 Chemocentryx upside and downside potential and time the market with a certain degree of confidence.

Chemocentryx Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemocentryx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemocentryx's standard deviation. In reality, there are many statistical measures that can use Chemocentryx historical prices to predict the future Chemocentryx's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chemocentryx'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. Please use the tools below to analyze the current value of Chemocentryx in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
38.0251.8265.62
Details
Intrinsic
Valuation
LowReal ValueHigh
46.2360.0373.83
Details
Naive
Forecast
LowNext ValueHigh
38.0051.8065.61
Details
6 Analysts
Consensus
LowTarget PriceHigh
40.0075.33110.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chemocentryx. Your research has to be compared to or analyzed against Chemocentryx's peers to derive any actionable benefits. When done correctly, Chemocentryx's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chemocentryx.

Chemocentryx Backtested Returns

Chemocentryx is not too volatile given 3 months investment horizon. Chemocentryx secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had 0.12% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the risk of a stock is to use both market data as well as company specific technical data. We have analyzed and interpolated twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.6% are justified by taking the suggested risk. Use Chemocentryx mean deviation of 3.81, and Risk Adjusted Performance of 0.1456 to evaluate company specific risk that cannot be diversified away.
Chemocentryx holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.2793, which signifies not very significant fluctuations relative to the market. Let's try to break down what Chemocentryx's beta means in this case. As returns on the market increase, Chemocentryx returns are expected to increase less than the market. However, during the bear market, the loss on holding Chemocentryx will be expected to be smaller as well. Although it is essential to pay attention to Chemocentryx historical returns, it is also good to be reasonable about what you can do with equity current trending patterns. Our philosophy in foreseeing future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Chemocentryx expected return of 1.6 will be sustainable into the future, we have found twenty-seven different technical indicators, which can help you to check if the expected returns are sustainable. Use Chemocentryx maximum drawdown, and the relationship between the information ratio and expected short fall to analyze future returns on Chemocentryx.

Auto-correlation

    
  0.33  

Below average predictability

Chemocentryx has below average predictability. Overlapping area represents the amount of predictability between Chemocentryx time series from 2nd of September 2022 to 17th of September 2022 and 17th of September 2022 to 2nd of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chemocentryx price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Chemocentryx price fluctuation can be explain by its past prices.
Correlation Coefficient0.33
Spearman Rank Test-0.04
Residual Average0.0
Price Variance0.01

Chemocentryx lagged returns against current returns

Autocorrelation, which is Chemocentryx 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 Chemocentryx's stock expected returns. We can calculate the autocorrelation of Chemocentryx returns to help us make a trade decision. For example, suppose you find that Chemocentryx stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Chemocentryx 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 Chemocentryx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemocentryx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemocentryx stock over time.
   Current vs Lagged Prices   
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       Timeline  

Chemocentryx Lagged Returns

When evaluating Chemocentryx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemocentryx stock have on its future price. Chemocentryx 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, Chemocentryx autocorrelation shows the relationship between Chemocentryx stock current value and its past values and can show if there is a momentum factor associated with investing in Chemocentryx.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chemocentryx without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Chemocentryx

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 Chemocentryx 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 Chemocentryx will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Chemocentryx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemocentryx 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 Chemocentryx - 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 Chemocentryx to buy it.
The correlation of Chemocentryx is a statistical measure of how it moves in relation to other equities. 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 Chemocentryx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemocentryx 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 Chemocentryx 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.
Pair CorrelationCorrelation Matching
Continue to Chemocentryx Correlation, Chemocentryx Volatility and Chemocentryx Alpha and Beta module to complement your research on Chemocentryx. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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Chemocentryx 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.
A focus of Chemocentryx technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chemocentryx trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...