Illumin Holdings Stock Market Value
| ILLM Stock | 1.81 0.06 3.43% |
| Symbol | Illumin |
illumin Holdings Price To Book Ratio
Illumin Holdings '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 Illumin Holdings' 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 Illumin Holdings.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Illumin Holdings on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding illumin Holdings or generate 0.0% return on investment in Illumin Holdings over 30 days. Illumin Holdings is related to or competes with Boardwalktech Software, AirIQ, Gatekeeper Systems, and Zoomd Technologies. Illumin Holdings is entity of Canada. It is traded as Stock on TO exchange. More
Illumin Holdings 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 Illumin Holdings' 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 illumin Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0599 | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 4.6 |
Illumin Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Illumin Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Illumin Holdings' standard deviation. In reality, there are many statistical measures that can use Illumin Holdings historical prices to predict the future Illumin Holdings' volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.2028 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0631 | |||
| Treynor Ratio | 0.4489 |
illumin Holdings Backtested Returns
Illumin Holdings appears to be very risky, given 3 months investment horizon. illumin Holdings holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for illumin Holdings, which you can use to evaluate the volatility of the firm. Please utilize Illumin Holdings' Risk Adjusted Performance of 0.0913, market risk adjusted performance of 0.4589, and Downside Deviation of 2.49 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Illumin Holdings holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Illumin Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Illumin Holdings is expected to be smaller as well. Please check Illumin Holdings' 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 Illumin Holdings' current trending patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
illumin Holdings has very weak predictability. Overlapping area represents the amount of predictability between Illumin Holdings 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 illumin Holdings price movement. The serial correlation of 0.16 indicates that over 16.0% of current Illumin Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
illumin Holdings lagged returns against current returns
Autocorrelation, which is Illumin Holdings 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 Illumin Holdings' stock expected returns. We can calculate the autocorrelation of Illumin Holdings returns to help us make a trade decision. For example, suppose you find that Illumin Holdings 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 |
Illumin Holdings 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 Illumin Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Illumin Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Illumin Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Illumin Holdings Lagged Returns
When evaluating Illumin Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Illumin Holdings stock have on its future price. Illumin Holdings 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, Illumin Holdings autocorrelation shows the relationship between Illumin Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in illumin Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Illumin Holdings
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 Illumin Holdings 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 Illumin Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Illumin Stock
| 0.69 | MNT | Royal Canadian Mint | PairCorr |
| 0.66 | CYB | Cymbria | PairCorr |
| 0.64 | FTN-PA | Financial 15 Split | PairCorr |
| 0.66 | NVDA | NVIDIA CDR | PairCorr |
The ability to find closely correlated positions to Illumin Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Illumin Holdings 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 Illumin Holdings - 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 illumin Holdings to buy it.
The correlation of Illumin Holdings 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 Illumin Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if illumin Holdings 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 Illumin Holdings 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.Other Information on Investing in Illumin Stock
Illumin Holdings financial ratios help investors to determine whether Illumin 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 Illumin with respect to the benefits of owning Illumin Holdings security.