Ion Beam (Belgium) Market Value
| IBAB Stock | EUR 13.74 0.54 4.09% |
| Symbol | Ion |
Ion Beam '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 Ion Beam'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 Ion Beam.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Ion Beam on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Ion Beam Applications or generate 0.0% return on investment in Ion Beam over 360 days. Ion Beam is related to or competes with EVS Broadcast, NV Bekaert, Melexis NV, and Barco NV. Ion Beam Applications SA develops, manufactures, and supports medical devices and software solutions for cancer treatmen... More
Ion Beam 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 Ion Beam'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 Ion Beam Applications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.0395 | |||
| Maximum Drawdown | 16.72 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 5.46 |
Ion Beam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ion Beam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ion Beam's standard deviation. In reality, there are many statistical measures that can use Ion Beam historical prices to predict the future Ion Beam's volatility.| Risk Adjusted Performance | 0.0652 | |||
| Jensen Alpha | 0.1491 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0585 | |||
| Treynor Ratio | 0.313 |
Ion Beam Applications Backtested Returns
Ion Beam appears to be not too volatile, given 3 months investment horizon. Ion Beam Applications holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ion Beam Applications, which you can use to evaluate the volatility of the firm. Please utilize Ion Beam's Risk Adjusted Performance of 0.0652, downside deviation of 2.04, and Market Risk Adjusted Performance of 0.323 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ion Beam holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ion Beam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ion Beam is expected to be smaller as well. Please check Ion Beam's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Ion Beam's current trending patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Ion Beam Applications has modest predictability. Overlapping area represents the amount of predictability between Ion Beam time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Ion Beam Applications price movement. The serial correlation of 0.52 indicates that about 52.0% of current Ion Beam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Ion Beam Applications lagged returns against current returns
Autocorrelation, which is Ion Beam 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 Ion Beam's stock expected returns. We can calculate the autocorrelation of Ion Beam returns to help us make a trade decision. For example, suppose you find that Ion Beam 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 |
Ion Beam 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 Ion Beam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ion Beam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ion Beam stock over time.
Current vs Lagged Prices |
| Timeline |
Ion Beam Lagged Returns
When evaluating Ion Beam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ion Beam stock have on its future price. Ion Beam 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, Ion Beam autocorrelation shows the relationship between Ion Beam stock current value and its past values and can show if there is a momentum factor associated with investing in Ion Beam Applications.
Regressed Prices |
| Timeline |
Pair Trading with Ion Beam
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 Ion Beam 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 Ion Beam will appreciate offsetting losses from the drop in the long position's value.Moving together with Ion Stock
Moving against Ion Stock
The ability to find closely correlated positions to Ion Beam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ion Beam 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 Ion Beam - 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 Ion Beam Applications to buy it.
The correlation of Ion Beam 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 Ion Beam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ion Beam Applications 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 Ion Beam 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.Additional Tools for Ion Stock Analysis
When running Ion Beam's price analysis, check to measure Ion Beam'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 Ion Beam is operating at the current time. Most of Ion Beam's value examination focuses on studying past and present price action to predict the probability of Ion Beam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ion Beam's price. Additionally, you may evaluate how the addition of Ion Beam to your portfolios can decrease your overall portfolio volatility.