INNOVATEC SPA (Germany) Market Value
| 5JT Stock | EUR 0.83 0.03 3.49% |
| Symbol | INNOVATEC |
INNOVATEC SPA '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 INNOVATEC SPA'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 INNOVATEC SPA.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in INNOVATEC SPA on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding INNOVATEC SPA or generate 0.0% return on investment in INNOVATEC SPA over 720 days. INNOVATEC SPA is related to or competes with WEC Energy, and CK Infrastructure. Innovatec S.p.A. provides technologies, products, and services in the areas of energy efficiency and energy storage in I... More
INNOVATEC SPA 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 INNOVATEC SPA'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 INNOVATEC SPA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 31.64 | |||
| Value At Risk | (7.00) | |||
| Potential Upside | 8.05 |
INNOVATEC SPA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INNOVATEC SPA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INNOVATEC SPA's standard deviation. In reality, there are many statistical measures that can use INNOVATEC SPA historical prices to predict the future INNOVATEC SPA's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.20) |
INNOVATEC SPA Backtested Returns
INNOVATEC SPA holds Efficiency (Sharpe) Ratio of -0.0093, which attests that the entity had a -0.0093% return per unit of volatility over the last 3 months. INNOVATEC SPA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INNOVATEC SPA's risk adjusted performance of (0), and Market Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, INNOVATEC SPA's returns are expected to increase less than the market. However, during the bear market, the loss of holding INNOVATEC SPA is expected to be smaller as well. At this point, INNOVATEC SPA has a negative expected return of -0.0494%. Please make sure to check out INNOVATEC SPA's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if INNOVATEC SPA performance from the past will be repeated at future time.
Auto-correlation | 0.83 |
Very good predictability
INNOVATEC SPA has very good predictability. Overlapping area represents the amount of predictability between INNOVATEC SPA time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 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 INNOVATEC SPA price movement. The serial correlation of 0.83 indicates that around 83.0% of current INNOVATEC SPA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
INNOVATEC SPA lagged returns against current returns
Autocorrelation, which is INNOVATEC SPA 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 INNOVATEC SPA's stock expected returns. We can calculate the autocorrelation of INNOVATEC SPA returns to help us make a trade decision. For example, suppose you find that INNOVATEC SPA 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 |
INNOVATEC SPA 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 INNOVATEC SPA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INNOVATEC SPA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INNOVATEC SPA stock over time.
Current vs Lagged Prices |
| Timeline |
INNOVATEC SPA Lagged Returns
When evaluating INNOVATEC SPA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INNOVATEC SPA stock have on its future price. INNOVATEC SPA 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, INNOVATEC SPA autocorrelation shows the relationship between INNOVATEC SPA stock current value and its past values and can show if there is a momentum factor associated with investing in INNOVATEC SPA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in INNOVATEC Stock
INNOVATEC SPA financial ratios help investors to determine whether INNOVATEC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in INNOVATEC with respect to the benefits of owning INNOVATEC SPA security.