Ipg Photonics Stock Market Value
| IPGP Stock | USD 77.79 2.98 3.98% |
| Symbol | IPG |
IPG Photonics Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 IPG Photonics. If investors know IPG 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 IPG Photonics 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 (0.66) | Earnings Share (3.33) | Revenue Per Share 22.992 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0074 |
The market value of IPG Photonics is measured differently than its book value, which is the value of IPG that is recorded on the company's balance sheet. Investors also form their own opinion of IPG Photonics' value that differs from its market value or its book value, called intrinsic value, which is IPG Photonics' 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 IPG Photonics' market value can be influenced by many factors that don't directly affect IPG Photonics' 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 IPG Photonics' value and its price as these two are different measures arrived at by different means. Investors typically determine if IPG Photonics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IPG Photonics' 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.
IPG Photonics '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 IPG Photonics' 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 IPG Photonics.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in IPG Photonics on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding IPG Photonics or generate 0.0% return on investment in IPG Photonics over 30 days. IPG Photonics is related to or competes with Teradyne, Ultra Clean, Onto Innovation, Cohu, Entegris, KLA Tencor, and Lam Research. IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and... More
IPG Photonics 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 IPG Photonics' 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 IPG Photonics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0255 | |||
| Maximum Drawdown | 11.69 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 4.46 |
IPG Photonics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IPG Photonics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IPG Photonics' standard deviation. In reality, there are many statistical measures that can use IPG Photonics historical prices to predict the future IPG Photonics' volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0285 | |||
| Treynor Ratio | 0.1037 |
IPG Photonics Backtested Returns
IPG Photonics appears to be very steady, given 3 months investment horizon. IPG Photonics holds Efficiency (Sharpe) Ratio of 0.0924, which attests that the entity had a 0.0924% return per unit of risk over the last 3 months. We have found thirty technical indicators for IPG Photonics, which you can use to evaluate the volatility of the firm. Please utilize IPG Photonics' Market Risk Adjusted Performance of 0.1137, risk adjusted performance of 0.0704, and Semi Deviation of 1.82 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IPG Photonics holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.72, 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, IPG Photonics will likely underperform. Please check IPG Photonics' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether IPG Photonics' current trending patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
IPG Photonics has insignificant reverse predictability. Overlapping area represents the amount of predictability between IPG Photonics time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 IPG Photonics price movement. The serial correlation of -0.2 indicates that over 20.0% of current IPG Photonics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 7.42 |
IPG Photonics lagged returns against current returns
Autocorrelation, which is IPG Photonics 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 IPG Photonics' stock expected returns. We can calculate the autocorrelation of IPG Photonics returns to help us make a trade decision. For example, suppose you find that IPG Photonics 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 |
IPG Photonics 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 IPG Photonics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IPG Photonics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IPG Photonics stock over time.
Current vs Lagged Prices |
| Timeline |
IPG Photonics Lagged Returns
When evaluating IPG Photonics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IPG Photonics stock have on its future price. IPG Photonics 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, IPG Photonics autocorrelation shows the relationship between IPG Photonics stock current value and its past values and can show if there is a momentum factor associated with investing in IPG Photonics.
Regressed Prices |
| Timeline |
Pair Trading with IPG Photonics
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 IPG Photonics 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 IPG Photonics will appreciate offsetting losses from the drop in the long position's value.Moving together with IPG Stock
Moving against IPG Stock
| 0.84 | SMTK | SmartKem, Common Stock Tech Boost | PairCorr |
| 0.56 | ASML | ASML Holding NV Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.49 | RBCN | Rubicon Technology | PairCorr |
The ability to find closely correlated positions to IPG Photonics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IPG Photonics 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 IPG Photonics - 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 IPG Photonics to buy it.
The correlation of IPG Photonics 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 IPG Photonics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IPG Photonics 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 IPG Photonics 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 IPG Stock Analysis
When running IPG Photonics' price analysis, check to measure IPG Photonics' 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 IPG Photonics is operating at the current time. Most of IPG Photonics' value examination focuses on studying past and present price action to predict the probability of IPG Photonics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IPG Photonics' price. Additionally, you may evaluate how the addition of IPG Photonics to your portfolios can decrease your overall portfolio volatility.