Immuron Ltd Adr Stock Market Value
| IMRN Stock | USD 1.91 0.02 1.06% |
| Symbol | Immuron |
Immuron Ltd ADR 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 Immuron. If investors know Immuron 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 Immuron listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.79) | Revenue Per Share 0.88 | Quarterly Revenue Growth 1.086 | Return On Assets (0.17) | Return On Equity (0.43) |
The market value of Immuron Ltd ADR is measured differently than its book value, which is the value of Immuron that is recorded on the company's balance sheet. Investors also form their own opinion of Immuron's value that differs from its market value or its book value, called intrinsic value, which is Immuron'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 Immuron's market value can be influenced by many factors that don't directly affect Immuron'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 Immuron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Immuron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immuron'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.
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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Immuron on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Immuron Ltd ADR or generate 0.0% return on investment in Immuron over 540 days. Immuron is related to or competes with Tscan Therapeutics, In8bio, Phio Pharmaceuticals, Immix Biopharma, Innate Pharma, Addex Therapeutics, and Aptorum Group. Immuron Limited, a biopharmaceutical company, engages in the research, development, and commercialization of polyclonal ... 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 Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 27.46 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 5.0 |
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 | (0.09) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | (1.09) |
Immuron Ltd ADR Backtested Returns
Immuron Ltd ADR 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 Ltd ADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Immuron's Market Risk Adjusted Performance of (1.08), risk adjusted performance of (0.09), and Standard Deviation of 3.75 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. 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 Ltd ADR has a negative expected return of -0.47%. Please make sure to check out Immuron's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Immuron Ltd ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Immuron Ltd ADR has below average predictability. Overlapping area represents the amount of predictability between Immuron time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Ltd ADR price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Immuron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Immuron Ltd ADR 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 Ltd ADR.
Regressed Prices |
| Timeline |
Pair Trading with Immuron
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 Immuron 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 Immuron will appreciate offsetting losses from the drop in the long position's value.Moving together with Immuron Stock
Moving against Immuron Stock
| 0.84 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.83 | ESPR | Esperion Therapeutics Buyout Trend | PairCorr |
| 0.82 | GILD | Gilead Sciences | PairCorr |
| 0.79 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
| 0.67 | GANX | Gain Therapeutics | PairCorr |
The ability to find closely correlated positions to Immuron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Immuron 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 Immuron - 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 Immuron Ltd ADR to buy it.
The correlation of Immuron 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 Immuron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Immuron Ltd ADR 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 Immuron 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 Immuron Correlation, Immuron Volatility and Immuron Alpha and Beta module to complement your research on Immuron. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Immuron 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.