Imunon Inc Stock Market Value
| IMNN Stock | USD 0.81 0.12 17.39% |
| Symbol | Imunon |
Imunon Inc Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Imunon. If investors know Imunon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Imunon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.91) | Revenue Per Share 0.014 | Return On Assets (0.67) | Return On Equity (1.48) |
The market value of Imunon Inc is measured differently than its book value, which is the value of Imunon that is recorded on the company's balance sheet. Investors also form their own opinion of Imunon's value that differs from its market value or its book value, called intrinsic value, which is Imunon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Imunon's market value can be influenced by many factors that don't directly affect Imunon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Imunon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imunon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imunon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Imunon '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 Imunon'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 Imunon.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Imunon on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Imunon Inc or generate 0.0% return on investment in Imunon over 330 days. Imunon is related to or competes with Exicure, Cyclacel Pharmaceuticals, DiaMedica Therapeutics, Senti Biosciences, SAB Biotherapeutics, Quoin Pharmaceuticals, and Cingulate. Imunon, Inc., a clinical stage biotechnology company, focuses on the development and commercialization of DNA-based immu... More
Imunon 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 Imunon'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 Imunon Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 19.7 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 5.5 |
Imunon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imunon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imunon's standard deviation. In reality, there are many statistical measures that can use Imunon historical prices to predict the future Imunon's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.22) | |||
| Treynor Ratio | (0.59) |
Imunon Inc Backtested Returns
Imunon Inc holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Imunon Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Imunon's Standard Deviation of 4.03, market risk adjusted performance of (0.58), and Risk Adjusted Performance of (0.10) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.0, which attests to possible diversification benefits within a given portfolio. Imunon returns are very sensitive to returns on the market. As the market goes up or down, Imunon is expected to follow. At this point, Imunon Inc has a negative expected return of -0.55%. Please make sure to check out Imunon's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Imunon Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Imunon Inc has good reverse predictability. Overlapping area represents the amount of predictability between Imunon time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Imunon Inc price movement. The serial correlation of -0.52 indicates that about 52.0% of current Imunon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Imunon Inc lagged returns against current returns
Autocorrelation, which is Imunon 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 Imunon's stock expected returns. We can calculate the autocorrelation of Imunon returns to help us make a trade decision. For example, suppose you find that Imunon 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 |
Imunon 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 Imunon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imunon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imunon stock over time.
Current vs Lagged Prices |
| Timeline |
Imunon Lagged Returns
When evaluating Imunon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imunon stock have on its future price. Imunon 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, Imunon autocorrelation shows the relationship between Imunon stock current value and its past values and can show if there is a momentum factor associated with investing in Imunon Inc.
Regressed Prices |
| Timeline |
Pair Trading with Imunon
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 Imunon 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 Imunon will appreciate offsetting losses from the drop in the long position's value.Moving together with Imunon Stock
| 0.64 | A | Agilent Technologies Earnings Call This Week | PairCorr |
| 0.82 | ME | 23Andme Holding | PairCorr |
| 0.85 | VALN | Valneva SE ADR | PairCorr |
| 0.81 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Imunon Stock
| 0.59 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.52 | RNXT | RenovoRx | PairCorr |
| 0.43 | KZR | Kezar Life Sciences | PairCorr |
| 0.39 | NXGLW | NexGel Warrant | PairCorr |
The ability to find closely correlated positions to Imunon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imunon 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 Imunon - 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 Imunon Inc to buy it.
The correlation of Imunon 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 Imunon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imunon Inc 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 Imunon 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.Check out Imunon Correlation, Imunon Volatility and Imunon Alpha and Beta module to complement your research on Imunon. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Imunon technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.