Innovage Holding Corp Stock Market Value
| INNV Stock | USD 4.75 0.14 2.86% |
| Symbol | InnovAge |
InnovAge Holding Corp Price To Book Ratio
Is Health Care Equipment & Supplies 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 InnovAge Holding. If investors know InnovAge 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 InnovAge Holding 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 (0.88) | Earnings Share (0.12) | Revenue Per Share 5.788 | Quarterly Revenue Growth 0.124 | Return On Assets (0.02) |
The market value of InnovAge Holding Corp is measured differently than its book value, which is the value of InnovAge that is recorded on the company's balance sheet. Investors also form their own opinion of InnovAge Holding's value that differs from its market value or its book value, called intrinsic value, which is InnovAge Holding'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 InnovAge Holding's market value can be influenced by many factors that don't directly affect InnovAge Holding'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 InnovAge Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if InnovAge Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InnovAge Holding'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.
InnovAge Holding '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 InnovAge Holding'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 InnovAge Holding.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in InnovAge Holding on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding InnovAge Holding Corp or generate 0.0% return on investment in InnovAge Holding over 720 days. InnovAge Holding is related to or competes with Heartbeam, EUDA Health, Nutex Health, Healthcare Triangle, Mangoceuticals, Common, and Aclarion. InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and su... More
InnovAge Holding 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 InnovAge Holding'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 InnovAge Holding Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 4.28 |
InnovAge Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InnovAge Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InnovAge Holding's standard deviation. In reality, there are many statistical measures that can use InnovAge Holding historical prices to predict the future InnovAge Holding's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.16) |
InnovAge Holding Corp Backtested Returns
InnovAge Holding Corp holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. InnovAge Holding Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out InnovAge Holding's Standard Deviation of 2.79, market risk adjusted performance of (0.15), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.88, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, InnovAge Holding will likely underperform. At this point, InnovAge Holding Corp has a negative expected return of -0.38%. Please make sure to check out InnovAge Holding's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if InnovAge Holding Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
InnovAge Holding Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between InnovAge Holding time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 InnovAge Holding Corp price movement. The serial correlation of -0.14 indicates that less than 14.0% of current InnovAge Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
InnovAge Holding Corp lagged returns against current returns
Autocorrelation, which is InnovAge Holding 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 InnovAge Holding's stock expected returns. We can calculate the autocorrelation of InnovAge Holding returns to help us make a trade decision. For example, suppose you find that InnovAge Holding 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 |
InnovAge Holding 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 InnovAge Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InnovAge Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InnovAge Holding stock over time.
Current vs Lagged Prices |
| Timeline |
InnovAge Holding Lagged Returns
When evaluating InnovAge Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InnovAge Holding stock have on its future price. InnovAge Holding 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, InnovAge Holding autocorrelation shows the relationship between InnovAge Holding stock current value and its past values and can show if there is a momentum factor associated with investing in InnovAge Holding Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for InnovAge Stock Analysis
When running InnovAge Holding's price analysis, check to measure InnovAge Holding'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 InnovAge Holding is operating at the current time. Most of InnovAge Holding's value examination focuses on studying past and present price action to predict the probability of InnovAge Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InnovAge Holding's price. Additionally, you may evaluate how the addition of InnovAge Holding to your portfolios can decrease your overall portfolio volatility.