ImExHS (Australia) Market Value
| IME Stock | 0.36 0.01 2.70% |
| Symbol | ImExHS |
ImExHS '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 ImExHS'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 ImExHS.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in ImExHS on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding ImExHS or generate 0.0% return on investment in ImExHS over 300 days. ImExHS is related to or competes with Aneka Tambang, Commonwealth Bank, Commonwealth Bank, Australia, ANZ Group, Commonwealth Bank, and Commonwealth Bank. ImExHS is entity of Australia. It is traded as Stock on AU exchange. More
ImExHS 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 ImExHS'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 ImExHS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.67 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 4.65 |
ImExHS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ImExHS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ImExHS's standard deviation. In reality, there are many statistical measures that can use ImExHS historical prices to predict the future ImExHS's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 1.34 |
ImExHS Backtested Returns
ImExHS holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of return volatility over the last 3 months. ImExHS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ImExHS's Market Risk Adjusted Performance of 1.35, coefficient of variation of (860.75), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ImExHS are expected to decrease at a much lower rate. During the bear market, ImExHS is likely to outperform the market. At this point, ImExHS has a negative expected return of -0.43%. Please make sure to check out ImExHS's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if ImExHS performance from the past will be repeated at some future point.
Auto-correlation | 0.69 |
Good predictability
ImExHS has good predictability. Overlapping area represents the amount of predictability between ImExHS time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 ImExHS price movement. The serial correlation of 0.69 indicates that around 69.0% of current ImExHS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ImExHS lagged returns against current returns
Autocorrelation, which is ImExHS 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 ImExHS's stock expected returns. We can calculate the autocorrelation of ImExHS returns to help us make a trade decision. For example, suppose you find that ImExHS 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 |
ImExHS 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 ImExHS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ImExHS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ImExHS stock over time.
Current vs Lagged Prices |
| Timeline |
ImExHS Lagged Returns
When evaluating ImExHS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ImExHS stock have on its future price. ImExHS 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, ImExHS autocorrelation shows the relationship between ImExHS stock current value and its past values and can show if there is a momentum factor associated with investing in ImExHS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ImExHS Stock Analysis
When running ImExHS's price analysis, check to measure ImExHS'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 ImExHS is operating at the current time. Most of ImExHS's value examination focuses on studying past and present price action to predict the probability of ImExHS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ImExHS's price. Additionally, you may evaluate how the addition of ImExHS to your portfolios can decrease your overall portfolio volatility.