Innovative Industrial (UK) Market Value
| 0JBD Stock | 109.76 0.09 0.08% |
| Symbol | Innovative |
Innovative Industrial '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 Innovative Industrial'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 Innovative Industrial.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Innovative Industrial on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Innovative Industrial Properties or generate 0.0% return on investment in Innovative Industrial over 660 days. Innovative Industrial is related to or competes with Uniper SE, Mulberry Group, London Security, Triad Group, World Chess, SURETRACK MON, and Heavitree Brewery. Innovative Industrial is entity of United Kingdom More
Innovative Industrial 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 Innovative Industrial'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 Innovative Industrial Properties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 3.0 |
Innovative Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovative Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovative Industrial's standard deviation. In reality, there are many statistical measures that can use Innovative Industrial historical prices to predict the future Innovative Industrial's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.1106 |
Innovative Industrial Backtested Returns
Innovative Industrial holds Efficiency (Sharpe) Ratio of -0.0534, which attests that the entity had a -0.0534% return per unit of risk over the last 3 months. Innovative Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innovative Industrial's Standard Deviation of 2.44, market risk adjusted performance of 0.1206, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.07, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Innovative Industrial are expected to decrease slowly. On the other hand, during market turmoil, Innovative Industrial is expected to outperform it slightly. At this point, Innovative Industrial has a negative expected return of -0.13%. Please make sure to check out Innovative Industrial's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Innovative Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Innovative Industrial Properties has below average predictability. Overlapping area represents the amount of predictability between Innovative Industrial time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Innovative Industrial price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Innovative Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 263.88 |
Innovative Industrial lagged returns against current returns
Autocorrelation, which is Innovative Industrial 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 Innovative Industrial's stock expected returns. We can calculate the autocorrelation of Innovative Industrial returns to help us make a trade decision. For example, suppose you find that Innovative Industrial 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Innovative Industrial 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 Innovative Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovative Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovative Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Innovative Industrial Lagged Returns
When evaluating Innovative Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovative Industrial stock have on its future price. Innovative Industrial 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, Innovative Industrial autocorrelation shows the relationship between Innovative Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Innovative Industrial Properties.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.