Innovative Capex To Revenue from 2010 to 2024
| IIPR Stock | USD 111.80 4.68 4.37% |
Capex To Revenue | First Reported 2010-12-31 | Previous Quarter 1.56 | Current Value 1.48 | Quarterly Volatility 46.99394797 |
Check Innovative Industrial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Innovative Industrial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 38.1 M, Interest Expense of 8.3 M or Selling General Administrative of 45 M, as well as many indicators such as Price To Sales Ratio of 8.66, Dividend Yield of 0.076 or PTB Ratio of 1.35. Innovative financial statements analysis is a perfect complement when working with Innovative Industrial Valuation or Volatility modules.
Innovative | Capex To Revenue |
Latest Innovative Industrial's Capex To Revenue Growth Pattern
Below is the plot of the Capex To Revenue of Innovative Industrial Properties over the last few years. It is the ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets. Innovative Industrial's Capex To Revenue historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Innovative Industrial's overall financial position and show how it may be relating to other accounts over time.
| Capex To Revenue | 10 Years Trend |
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Capex To Revenue |
| Timeline |
Innovative Capex To Revenue Regression Statistics
| Arithmetic Mean | 45.05 | |
| Geometric Mean | 12.10 | |
| Coefficient Of Variation | 104.31 | |
| Mean Deviation | 45.27 | |
| Median | 7.70 | |
| Standard Deviation | 46.99 | |
| Sample Variance | 2,208 | |
| Range | 92.6369 | |
| R-Value | (0.87) | |
| Mean Square Error | 584.47 | |
| R-Squared | 0.75 | |
| Significance | 0.000027 | |
| Slope | (9.13) | |
| Total Sum of Squares | 30,918 |
Innovative Capex To Revenue History
About Innovative Industrial Financial Statements
Innovative Industrial shareholders use historical fundamental indicators, such as Capex To Revenue, to determine how well the company is positioned to perform in the future. Although Innovative Industrial investors may analyze each financial statement separately, they are all interrelated. The changes in Innovative Industrial's assets and liabilities, for example, are also reflected in the revenues and expenses on on Innovative Industrial's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Capex To Revenue | 1.56 | 1.48 |
Pair Trading with Innovative Industrial
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 Innovative Industrial 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 Innovative Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovative Stock
Moving against Innovative Stock
| 0.65 | ROIC | Retail Opportunity | PairCorr |
| 0.63 | IVT | Inventrust Properties | PairCorr |
| 0.61 | BRX | Brixmor Property | PairCorr |
| 0.58 | KRG | Kite Realty Group | PairCorr |
| 0.57 | KIM | Kimco Realty | PairCorr |
The ability to find closely correlated positions to Innovative Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovative Industrial 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 Innovative Industrial - 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 Innovative Industrial Properties to buy it.
The correlation of Innovative Industrial 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 Innovative Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovative Industrial 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 Innovative Industrial 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 Innovative Stock Analysis
When running Innovative Industrial's price analysis, check to measure Innovative Industrial'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 Innovative Industrial is operating at the current time. Most of Innovative Industrial's value examination focuses on studying past and present price action to predict the probability of Innovative Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Industrial's price. Additionally, you may evaluate how the addition of Innovative Industrial to your portfolios can decrease your overall portfolio volatility.