Icahn Enterprises Lp Stock Market Value
| IEP Stock | USD 11.18 0.16 1.41% |
| Symbol | Icahn |
Icahn Enterprises Price To Book Ratio
Is Industrial Conglomerates space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icahn Enterprises. If investors know Icahn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icahn Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.631 | Dividend Share 4 | Earnings Share (1.03) | Revenue Per Share 22.444 | Quarterly Revenue Growth (0.07) |
The market value of Icahn Enterprises is measured differently than its book value, which is the value of Icahn that is recorded on the company's balance sheet. Investors also form their own opinion of Icahn Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Icahn Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icahn Enterprises' market value can be influenced by many factors that don't directly affect Icahn Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icahn Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Icahn Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icahn Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Icahn Enterprises '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 Icahn Enterprises' 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 Icahn Enterprises.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Icahn Enterprises on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Icahn Enterprises LP or generate 0.0% return on investment in Icahn Enterprises over 30 days. Icahn Enterprises is related to or competes with Delek Energy, PBF Energy, HF Sinclair, Delek Logistics, Valero Energy, Marathon Petroleum, and Phillips. Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estat... More
Icahn Enterprises 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 Icahn Enterprises' 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 Icahn Enterprises LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 32.02 | |||
| Value At Risk | (6.61) | |||
| Potential Upside | 6.2 |
Icahn Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icahn Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icahn Enterprises' standard deviation. In reality, there are many statistical measures that can use Icahn Enterprises historical prices to predict the future Icahn Enterprises' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icahn Enterprises' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Icahn Enterprises Backtested Returns
Icahn Enterprises holds Efficiency (Sharpe) Ratio of -0.0293, which attests that the entity had a -0.0293% return per unit of risk over the last 3 months. Icahn Enterprises exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icahn Enterprises' Standard Deviation of 4.36, market risk adjusted performance of (0.20), and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.81, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Icahn Enterprises will likely underperform. At this point, Icahn Enterprises has a negative expected return of -0.12%. Please make sure to check out Icahn Enterprises' total risk alpha, as well as the relationship between the skewness and day median price , to decide if Icahn Enterprises performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Icahn Enterprises LP has below average predictability. Overlapping area represents the amount of predictability between Icahn Enterprises time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Icahn Enterprises price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Icahn Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Icahn Enterprises lagged returns against current returns
Autocorrelation, which is Icahn Enterprises 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 Icahn Enterprises' stock expected returns. We can calculate the autocorrelation of Icahn Enterprises returns to help us make a trade decision. For example, suppose you find that Icahn Enterprises 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 |
Icahn Enterprises 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 Icahn Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icahn Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icahn Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
Icahn Enterprises Lagged Returns
When evaluating Icahn Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icahn Enterprises stock have on its future price. Icahn Enterprises 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, Icahn Enterprises autocorrelation shows the relationship between Icahn Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Icahn Enterprises LP.
Regressed Prices |
| Timeline |
Pair Trading with Icahn Enterprises
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 Icahn Enterprises 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 Icahn Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving against Icahn Stock
The ability to find closely correlated positions to Icahn Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icahn Enterprises 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 Icahn Enterprises - 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 Icahn Enterprises LP to buy it.
The correlation of Icahn Enterprises 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 Icahn Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icahn Enterprises 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 Icahn Enterprises 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 Icahn Stock Analysis
When running Icahn Enterprises' price analysis, check to measure Icahn Enterprises' 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 Icahn Enterprises is operating at the current time. Most of Icahn Enterprises' value examination focuses on studying past and present price action to predict the probability of Icahn Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icahn Enterprises' price. Additionally, you may evaluate how the addition of Icahn Enterprises to your portfolios can decrease your overall portfolio volatility.