Ix Acquisition Corp Stock Performance
| IXAQ Stock | USD 11.50 0.05 0.43% |
The company owns a Beta (Systematic Risk) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IX Acquisition are expected to decrease at a much lower rate. During the bear market, IX Acquisition is likely to outperform the market. IX Acquisition Corp today owns a risk of 0.73%. Please check out IX Acquisition Corp maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if IX Acquisition Corp will be following its current price history.
Risk-Adjusted Performance
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Over the last 90 days IX Acquisition Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, IX Acquisition is not utilizing all of its potentials. The newest stock price agitation, may contribute to short-term losses for the retail investors. ...more
Actual Historical Performance (%)
Five Day Return 0.87 | Year To Date Return 5.18 | Ten Year Return 16.87 | All Time Return 16.87 |
1 | Short Interest in IX Acquisition Corp. Declines By 12.5 percent - MarketBeat | 09/18/2024 |
2 | IX Acquisition Corp. enters into revised merger agreement - Investing.com | 09/30/2024 |
3 | Sculptor Capital LPs Strategic Acquisition of Churchill Capital Corp IX Shares - GuruFocus.com | 11/15/2024 |
| Begin Period Cash Flow | 70.2 K |
IXAQ |
IX Acquisition Relative Risk vs. Return Landscape
If you would invest 1,146 in IX Acquisition Corp on August 26, 2024 and sell it today you would earn a total of 4.00 from holding IX Acquisition Corp or generate 0.35% return on investment over 90 days. IX Acquisition Corp is currently generating 0.0079% in daily expected returns and assumes 0.7288% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of stocks are less volatile than IXAQ, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
IX Acquisition Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IX Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as IX Acquisition Corp, and traders can use it to determine the average amount a IX Acquisition's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0109
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| Negative Returns | IXAQ |
Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IX Acquisition is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IX Acquisition by adding IX Acquisition to a well-diversified portfolio.
IX Acquisition Fundamentals Growth
IXAQ Stock prices reflect investors' perceptions of the future prospects and financial health of IX Acquisition, and IX Acquisition fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on IXAQ Stock performance.
| Return On Asset | -0.0328 | ||||
| Current Valuation | 88.55 M | ||||
| Shares Outstanding | 6.85 M | ||||
| Price To Earning | 11.68 X | ||||
| Price To Book | 4.34 X | ||||
| EBITDA | 5.06 M | ||||
| Net Income | 4.02 M | ||||
| Cash And Equivalents | 296.46 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 1.89 M | ||||
| Current Ratio | 0.83 X | ||||
| Book Value Per Share | (1.46) X | ||||
| Cash Flow From Operations | (605.73 K) | ||||
| Earnings Per Share | (1.02) X | ||||
| Market Capitalization | 99.46 M | ||||
| Total Asset | 31.49 M | ||||
| Retained Earnings | (11.28 M) | ||||
| Working Capital | (3.09 M) | ||||
About IX Acquisition Performance
Assessing IX Acquisition's fundamental ratios provides investors with valuable insights into IX Acquisition's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the IX Acquisition is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.13 | 0.07 | |
| Return On Capital Employed | (0.04) | (0.04) | |
| Return On Assets | 0.13 | 0.07 | |
| Return On Equity | 0.18 | 0.19 |
Things to note about IX Acquisition Corp performance evaluation
Checking the ongoing alerts about IX Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for IX Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| IX Acquisition Corp currently holds 1.89 M in liabilities. IX Acquisition Corp has a current ratio of 0.81, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about IX Acquisition's use of debt, we should always consider it together with its cash and equity. | |
| IX Acquisition Corp currently holds about 296.46 K in cash with (605.73 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| IX Acquisition Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 58.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Sculptor Capital LPs Strategic Acquisition of Churchill Capital Corp IX Shares - GuruFocus.com |
- Analyzing IX Acquisition's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether IX Acquisition's stock is overvalued or undervalued compared to its peers.
- Examining IX Acquisition's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating IX Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of IX Acquisition's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of IX Acquisition's stock. These opinions can provide insight into IX Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for IXAQ Stock Analysis
When running IX Acquisition's price analysis, check to measure IX Acquisition'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 IX Acquisition is operating at the current time. Most of IX Acquisition's value examination focuses on studying past and present price action to predict the probability of IX Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IX Acquisition's price. Additionally, you may evaluate how the addition of IX Acquisition to your portfolios can decrease your overall portfolio volatility.