Inc Research Holdings Stock Market Value
| INCR Stock | USD 1.42 0.07 5.19% |
| Symbol | INC |
INC Research Holdings 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 INC Research. If investors know INC 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 INC Research listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Earnings Share (0.39) | Revenue Per Share 5.891 | Quarterly Revenue Growth (0.39) | Return On Assets (0) |
The market value of INC Research Holdings is measured differently than its book value, which is the value of INC that is recorded on the company's balance sheet. Investors also form their own opinion of INC Research's value that differs from its market value or its book value, called intrinsic value, which is INC Research'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 INC Research's market value can be influenced by many factors that don't directly affect INC Research'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 INC Research's value and its price as these two are different measures arrived at by different means. Investors typically determine if INC Research is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, INC Research'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.
INC Research '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 INC Research'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 INC Research.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in INC Research on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding INC Research Holdings or generate 0.0% return on investment in INC Research over 30 days. INC Research is related to or competes with AYR Strategies, Verano Holdings, Vext Science, Collegium Pharmaceutical, Phibro Animal, Regencell Bioscience, and Prestige Brand. InterCure Ltd., together with its subsidiaries, engages in the research, cultivation, production, marketing, and distrib... More
INC Research 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 INC Research'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 INC Research Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 27.24 | |||
| Value At Risk | (6.88) | |||
| Potential Upside | 6.1 |
INC Research Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INC Research's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INC Research's standard deviation. In reality, there are many statistical measures that can use INC Research historical prices to predict the future INC Research's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (1.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of INC Research's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
INC Research Holdings Backtested Returns
INC Research Holdings retains Efficiency (Sharpe Ratio) of -0.14, which attests that the entity had a -0.14% return per unit of return volatility over the last 3 months. INC Research exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INC Research's Market Risk Adjusted Performance of (1.63), standard deviation of 4.51, and Coefficient Of Variation of (854.14) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, INC Research's returns are expected to increase less than the market. However, during the bear market, the loss of holding INC Research is expected to be smaller as well. At this point, INC Research Holdings has a negative expected return of -0.64%. Please make sure to check out INC Research's total risk alpha, as well as the relationship between the skewness and day median price , to decide if INC Research Holdings performance from the past will be repeated in the future.
Auto-correlation | -0.29 |
Weak reverse predictability
INC Research Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between INC Research 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 INC Research Holdings price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current INC Research price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
INC Research Holdings lagged returns against current returns
Autocorrelation, which is INC Research 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 INC Research's stock expected returns. We can calculate the autocorrelation of INC Research returns to help us make a trade decision. For example, suppose you find that INC Research 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 |
INC Research 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 INC Research stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INC Research stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INC Research stock over time.
Current vs Lagged Prices |
| Timeline |
INC Research Lagged Returns
When evaluating INC Research's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INC Research stock have on its future price. INC Research 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, INC Research autocorrelation shows the relationship between INC Research stock current value and its past values and can show if there is a momentum factor associated with investing in INC Research Holdings.
Regressed Prices |
| Timeline |
Pair Trading with INC Research
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 INC Research 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 INC Research will appreciate offsetting losses from the drop in the long position's value.Moving together with INC Stock
| 0.78 | ME | 23Andme Holding | PairCorr |
| 0.91 | VALN | Valneva SE ADR | PairCorr |
| 0.83 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against INC Stock
| 0.57 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.48 | KZR | Kezar Life Sciences | PairCorr |
| 0.48 | RNXT | RenovoRx | PairCorr |
| 0.33 | NXGLW | NexGel Warrant | PairCorr |
The ability to find closely correlated positions to INC Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INC Research 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 INC Research - 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 INC Research Holdings to buy it.
The correlation of INC Research 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 INC Research moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INC Research 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 INC Research 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.Additional Tools for INC Stock Analysis
When running INC Research's price analysis, check to measure INC Research'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 INC Research is operating at the current time. Most of INC Research's value examination focuses on studying past and present price action to predict the probability of INC Research's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move INC Research's price. Additionally, you may evaluate how the addition of INC Research to your portfolios can decrease your overall portfolio volatility.