Innelec Multimedia (France) Market Value
| ALINN Stock | EUR 3.09 0.05 1.59% |
| Symbol | Innelec |
Innelec Multimedia '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 Innelec Multimedia'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 Innelec Multimedia.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Innelec Multimedia on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Innelec Multimedia or generate 0.0% return on investment in Innelec Multimedia over 360 days. Innelec Multimedia is related to or competes with Stef SA, Bonduelle SCA, Manitou BF, Ossiam Minimum, Ekinops SA, Memscap Regpt, and SPDR Barclays. Millet Innovation SA provides skin care products for the prevention of bed sores and aesthetic improvement of scars More
Innelec Multimedia 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 Innelec Multimedia'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 Innelec Multimedia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.78 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 4.65 |
Innelec Multimedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innelec Multimedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innelec Multimedia's standard deviation. In reality, there are many statistical measures that can use Innelec Multimedia historical prices to predict the future Innelec Multimedia's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.4755 |
Innelec Multimedia Backtested Returns
Innelec Multimedia holds Efficiency (Sharpe) Ratio of -0.096, which attests that the entity had a -0.096% return per unit of risk over the last 3 months. Innelec Multimedia exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innelec Multimedia's Market Risk Adjusted Performance of 0.4855, standard deviation of 2.88, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Innelec Multimedia are expected to decrease at a much lower rate. During the bear market, Innelec Multimedia is likely to outperform the market. At this point, Innelec Multimedia has a negative expected return of -0.28%. Please make sure to check out Innelec Multimedia's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Innelec Multimedia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Innelec Multimedia has insignificant predictability. Overlapping area represents the amount of predictability between Innelec Multimedia time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Innelec Multimedia price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Innelec Multimedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Innelec Multimedia lagged returns against current returns
Autocorrelation, which is Innelec Multimedia 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 Innelec Multimedia's stock expected returns. We can calculate the autocorrelation of Innelec Multimedia returns to help us make a trade decision. For example, suppose you find that Innelec Multimedia 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 |
Innelec Multimedia 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 Innelec Multimedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innelec Multimedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innelec Multimedia stock over time.
Current vs Lagged Prices |
| Timeline |
Innelec Multimedia Lagged Returns
When evaluating Innelec Multimedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innelec Multimedia stock have on its future price. Innelec Multimedia 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, Innelec Multimedia autocorrelation shows the relationship between Innelec Multimedia stock current value and its past values and can show if there is a momentum factor associated with investing in Innelec Multimedia.
Regressed Prices |
| Timeline |
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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 Innelec Stock Analysis
When running Innelec Multimedia's price analysis, check to measure Innelec Multimedia'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 Innelec Multimedia is operating at the current time. Most of Innelec Multimedia's value examination focuses on studying past and present price action to predict the probability of Innelec Multimedia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innelec Multimedia's price. Additionally, you may evaluate how the addition of Innelec Multimedia to your portfolios can decrease your overall portfolio volatility.