Immuron (Australia) Market Value
IMC Stock | 0.08 0 1.32% |
Symbol | Immuron |
Immuron '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 Immuron'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 Immuron.
03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Immuron on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Immuron or generate 0.0% return on investment in Immuron over 270 days. Immuron is related to or competes with Alternative Investment, Red Hill, Computershare, British Amer, BKI Investment, Ainsworth Game, and Environmental. Immuron is entity of Australia. It is traded as Stock on AU exchange. More
Immuron 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 Immuron'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 Immuron upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.11) | |||
Maximum Drawdown | 29.58 | |||
Value At Risk | (7.32) | |||
Potential Upside | 4.71 |
Immuron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immuron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immuron's standard deviation. In reality, there are many statistical measures that can use Immuron historical prices to predict the future Immuron's volatility.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.35) | |||
Total Risk Alpha | (1.01) | |||
Treynor Ratio | (1.23) |
Immuron Backtested Returns
Immuron holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Immuron exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Immuron's Standard Deviation of 4.13, market risk adjusted performance of (1.22), and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Immuron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Immuron is expected to be smaller as well. At this point, Immuron has a negative expected return of -0.47%. Please make sure to check out Immuron's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Immuron performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Immuron has average predictability. Overlapping area represents the amount of predictability between Immuron time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Immuron price movement. The serial correlation of 0.47 indicates that about 47.0% of current Immuron price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.47 | |
Spearman Rank Test | 0.43 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Immuron lagged returns against current returns
Autocorrelation, which is Immuron 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 Immuron's stock expected returns. We can calculate the autocorrelation of Immuron returns to help us make a trade decision. For example, suppose you find that Immuron 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 |
Immuron 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 Immuron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immuron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immuron stock over time.
Current vs Lagged Prices |
Timeline |
Immuron Lagged Returns
When evaluating Immuron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immuron stock have on its future price. Immuron 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, Immuron autocorrelation shows the relationship between Immuron stock current value and its past values and can show if there is a momentum factor associated with investing in Immuron.
Regressed Prices |
Timeline |
Thematic Opportunities
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Additional Tools for Immuron Stock Analysis
When running Immuron's price analysis, check to measure Immuron'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 Immuron is operating at the current time. Most of Immuron's value examination focuses on studying past and present price action to predict the probability of Immuron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Immuron's price. Additionally, you may evaluate how the addition of Immuron to your portfolios can decrease your overall portfolio volatility.