Innovative Industrial Properties Preferred Stock Market Value
| IIPR-PA Preferred Stock | USD 26.27 0.19 0.72% |
| Symbol | Innovative |
Innovative Industrial '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 Innovative Industrial's preferred 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 Innovative Industrial.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Innovative Industrial on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Innovative Industrial Properties or generate 0.0% return on investment in Innovative Industrial over 30 days. Innovative Industrial is related to or competes with Public Storage, Public Storage, Public Storage, Public Storage, Public Storage, Public Storage, and Public Storage. Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and ... More
Innovative Industrial 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 Innovative Industrial's preferred 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 Innovative Industrial Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3033 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.51 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.501 |
Innovative Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovative Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovative Industrial's standard deviation. In reality, there are many statistical measures that can use Innovative Industrial historical prices to predict the future Innovative Industrial's volatility.| Risk Adjusted Performance | 0.1616 | |||
| Jensen Alpha | 0.0706 | |||
| Total Risk Alpha | 0.0109 | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (4.64) |
Innovative Industrial Backtested Returns
At this point, Innovative Industrial is very steady. Innovative Industrial holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Innovative Industrial, which you can use to evaluate the volatility of the firm. Please check out Innovative Industrial's Coefficient Of Variation of 440.21, market risk adjusted performance of (4.63), and Risk Adjusted Performance of 0.1616 to validate if the risk estimate we provide is consistent with the expected return of 0.0774%. Innovative Industrial has a performance score of 17 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0148, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Innovative Industrial are expected to decrease at a much lower rate. During the bear market, Innovative Industrial is likely to outperform the market. Innovative Industrial right now retains a risk of 0.35%. Please check out Innovative Industrial sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Innovative Industrial will be following its current trending patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Innovative Industrial Properties has modest reverse predictability. Overlapping area represents the amount of predictability between Innovative Industrial time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Innovative Industrial price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Innovative Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Innovative Industrial lagged returns against current returns
Autocorrelation, which is Innovative Industrial preferred 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 Innovative Industrial's preferred stock expected returns. We can calculate the autocorrelation of Innovative Industrial returns to help us make a trade decision. For example, suppose you find that Innovative Industrial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Innovative Industrial 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 Innovative Industrial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovative Industrial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovative Industrial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Innovative Industrial Lagged Returns
When evaluating Innovative Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovative Industrial preferred stock have on its future price. Innovative Industrial 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, Innovative Industrial autocorrelation shows the relationship between Innovative Industrial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Innovative Industrial Properties.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Innovative Preferred Stock
Innovative Industrial financial ratios help investors to determine whether Innovative Preferred 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 Innovative with respect to the benefits of owning Innovative Industrial security.