Impax Asset (UK) Market Value
| IPX Stock | 324.50 9.00 2.70% |
| Symbol | Impax |
Impax Asset '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 Impax Asset'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 Impax Asset.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Impax Asset on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Impax Asset Management or generate 0.0% return on investment in Impax Asset over 570 days. Impax Asset is related to or competes with Catalyst Media, Oncimmune Holdings, Invesco Health, Coor Service, Surgical Science, Mereo BioPharma, and SPDR SP. Impax Asset is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Impax Asset 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 Impax Asset'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 Impax Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.72 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 2.55 |
Impax Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Impax Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Impax Asset's standard deviation. In reality, there are many statistical measures that can use Impax Asset historical prices to predict the future Impax Asset's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.55) |
Impax Asset Management Backtested Returns
Impax Asset Management holds Efficiency (Sharpe) Ratio of -0.0748, which attests that the entity had a -0.0748% return per unit of risk over the last 3 months. Impax Asset Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Impax Asset's Risk Adjusted Performance of (0.07), standard deviation of 2.31, and Market Risk Adjusted Performance of (0.54) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Impax Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Impax Asset is expected to be smaller as well. At this point, Impax Asset Management has a negative expected return of -0.17%. Please make sure to check out Impax Asset's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Impax Asset Management performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Impax Asset Management has modest predictability. Overlapping area represents the amount of predictability between Impax Asset time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Impax Asset Management price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Impax Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 2191.64 |
Impax Asset Management lagged returns against current returns
Autocorrelation, which is Impax Asset 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 Impax Asset's stock expected returns. We can calculate the autocorrelation of Impax Asset returns to help us make a trade decision. For example, suppose you find that Impax Asset 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 |
Impax Asset 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 Impax Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Impax Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Impax Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Impax Asset Lagged Returns
When evaluating Impax Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Impax Asset stock have on its future price. Impax Asset 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, Impax Asset autocorrelation shows the relationship between Impax Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Impax Asset Management.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Impax Stock
Impax Asset financial ratios help investors to determine whether Impax Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Impax with respect to the benefits of owning Impax Asset security.