Imaflex Stock Market Value
| IFX Stock | CAD 1.49 0.02 1.36% |
| Symbol | Imaflex |
Imaflex Price To Book Ratio
Imaflex '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 Imaflex'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 Imaflex.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Imaflex on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Imaflex or generate 0.0% return on investment in Imaflex over 720 days. Imaflex is related to or competes with AirIQ, NamSys, Supremex, Atlas Engineered, and Fab Form. Imaflex Inc., together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer,... More
Imaflex 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 Imaflex'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 Imaflex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0885 | |||
| Maximum Drawdown | 29.74 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.71 |
Imaflex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imaflex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imaflex's standard deviation. In reality, there are many statistical measures that can use Imaflex historical prices to predict the future Imaflex's volatility.| Risk Adjusted Performance | 0.1007 | |||
| Jensen Alpha | 0.372 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.123 | |||
| Treynor Ratio | 0.6196 |
Imaflex Backtested Returns
At this stage we consider Imaflex Stock to be very risky. Imaflex holds Efficiency (Sharpe) Ratio of 0.0165, which attests that the entity had a 0.0165% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Imaflex, which you can use to evaluate the volatility of the firm. Please check out Imaflex's Risk Adjusted Performance of 0.1007, market risk adjusted performance of 0.6296, and Downside Deviation of 2.78 to validate if the risk estimate we provide is consistent with the expected return of 0.0408%. Imaflex has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Imaflex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Imaflex is expected to be smaller as well. Imaflex right now retains a risk of 2.47%. Please check out Imaflex potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Imaflex will be following its current trending patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
Imaflex has excellent reverse predictability. Overlapping area represents the amount of predictability between Imaflex time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Imaflex price movement. The serial correlation of -0.82 indicates that around 82.0% of current Imaflex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Imaflex lagged returns against current returns
Autocorrelation, which is Imaflex 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 Imaflex's stock expected returns. We can calculate the autocorrelation of Imaflex returns to help us make a trade decision. For example, suppose you find that Imaflex 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 |
Imaflex 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 Imaflex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imaflex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imaflex stock over time.
Current vs Lagged Prices |
| Timeline |
Imaflex Lagged Returns
When evaluating Imaflex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imaflex stock have on its future price. Imaflex 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, Imaflex autocorrelation shows the relationship between Imaflex stock current value and its past values and can show if there is a momentum factor associated with investing in Imaflex.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Imaflex Stock Analysis
When running Imaflex's price analysis, check to measure Imaflex'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 Imaflex is operating at the current time. Most of Imaflex's value examination focuses on studying past and present price action to predict the probability of Imaflex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Imaflex's price. Additionally, you may evaluate how the addition of Imaflex to your portfolios can decrease your overall portfolio volatility.