INNEOVA Interest Coverage from 2010 to 2026
| INEO Stock | 0.51 0 0.47% |
Interest Coverage | First Reported 2010-12-31 | Previous Quarter 0.72 | Current Value 0.68 | Quarterly Volatility 0.53002861 |
Check INNEOVA Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among INNEOVA Holdings' main balance sheet or income statement drivers, such as Tax Provision of 185.7 K, Interest Income of 12.1 K or Depreciation And Amortization of 453.4 K, as well as many indicators such as Price To Sales Ratio of 0.48, Dividend Yield of 0.0 or PTB Ratio of 3.12. INNEOVA financial statements analysis is a perfect complement when working with INNEOVA Holdings Valuation or Volatility modules.
INNEOVA | Interest Coverage | Build AI portfolio with INNEOVA Stock |
Evaluating INNEOVA Holdings's Interest Coverage across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into INNEOVA Holdings Limited's fundamental strength.
Latest INNEOVA Holdings' Interest Coverage Growth Pattern
Below is the plot of the Interest Coverage of INNEOVA Holdings Limited over the last few years. It is INNEOVA Holdings' Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in INNEOVA Holdings' overall financial position and show how it may be relating to other accounts over time.
| Interest Coverage | 10 Years Trend |
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Interest Coverage |
| Timeline |
INNEOVA Interest Coverage Regression Statistics
| Arithmetic Mean | 1.37 | |
| Geometric Mean | 1.28 | |
| Coefficient Of Variation | 38.62 | |
| Mean Deviation | 0.34 | |
| Median | 1.30 | |
| Standard Deviation | 0.53 | |
| Sample Variance | 0.28 | |
| Range | 1.9132 | |
| R-Value | (0) | |
| Mean Square Error | 0.30 | |
| R-Squared | 0.0000013 | |
| Significance | 1.00 | |
| Slope | (0.0001) | |
| Total Sum of Squares | 4.49 |
INNEOVA Interest Coverage History
About INNEOVA Holdings Financial Statements
INNEOVA Holdings investors utilize fundamental indicators, such as Interest Coverage, to predict how INNEOVA Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Interest Coverage | 0.72 | 0.68 |
Pair Trading with INNEOVA Holdings
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 INNEOVA Holdings 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 INNEOVA Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against INNEOVA Stock
| 0.73 | INCH | Inchcape PLC | PairCorr |
| 0.57 | LKQ | LKQ Corporation Earnings Call This Week | PairCorr |
| 0.56 | GCT | GigaCloud Technology | PairCorr |
| 0.5 | RAY | Raytech Holding | PairCorr |
| 0.45 | GPC | Genuine Parts | PairCorr |
The ability to find closely correlated positions to INNEOVA Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INNEOVA Holdings 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 INNEOVA Holdings - 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 INNEOVA Holdings Limited to buy it.
The correlation of INNEOVA Holdings 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 INNEOVA Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INNEOVA Holdings 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 INNEOVA Holdings 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 the analysis of INNEOVA Holdings Correlation against competitors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Will Distributors sector continue expanding? Could INNEOVA diversify its offerings? Factors like these will boost the valuation of INNEOVA Holdings. Market participants price INNEOVA higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every INNEOVA Holdings data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Investors evaluate INNEOVA Holdings using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating INNEOVA Holdings' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause INNEOVA Holdings' market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between INNEOVA Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if INNEOVA Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, INNEOVA Holdings' market price signifies the transaction level at which participants voluntarily complete trades.