Ibnsina Pharma's market value is the price at which a share of Ibnsina Pharma trades on a public exchange. It measures the collective expectations of Ibnsina Pharma investors about its performance. Ibnsina Pharma is trading at 6.72 as of the 19th of December 2024. This is a 2.61% down since the beginning of the trading day. The stock's lowest day price was 6.71. With this module, you can estimate the performance of a buy and hold strategy of Ibnsina Pharma and determine expected loss or profit from investing in Ibnsina Pharma over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Ibnsina
Ibnsina Pharma '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 Ibnsina Pharma'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 Ibnsina Pharma.
0.00
11/19/2024
No Change 0.00
0.0
In 30 days
12/19/2024
0.00
If you would invest 0.00 in Ibnsina Pharma on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Ibnsina Pharma or generate 0.0% return on investment in Ibnsina Pharma over 30 days.
Ibnsina Pharma 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 Ibnsina Pharma'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 Ibnsina Pharma upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ibnsina Pharma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ibnsina Pharma's standard deviation. In reality, there are many statistical measures that can use Ibnsina Pharma historical prices to predict the future Ibnsina Pharma's volatility.
Ibnsina Pharma appears to be moderately volatile, given 3 months investment horizon. Ibnsina Pharma holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. By evaluating Ibnsina Pharma's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please utilize Ibnsina Pharma's Risk Adjusted Performance of 0.2067, downside deviation of 2.92, and Market Risk Adjusted Performance of 21.58 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ibnsina Pharma holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of 0.0497, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ibnsina Pharma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ibnsina Pharma is expected to be smaller as well. Please check Ibnsina Pharma's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Ibnsina Pharma's current trending patterns will revert.
Auto-correlation
0.83
Very good predictability
Ibnsina Pharma has very good predictability. Overlapping area represents the amount of predictability between Ibnsina Pharma time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 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 Ibnsina Pharma price movement. The serial correlation of 0.83 indicates that around 83.0% of current Ibnsina Pharma price fluctuation can be explain by its past prices.
Correlation Coefficient
0.83
Spearman Rank Test
0.68
Residual Average
0.0
Price Variance
0.03
Ibnsina Pharma lagged returns against current returns
Autocorrelation, which is Ibnsina Pharma 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 Ibnsina Pharma's stock expected returns. We can calculate the autocorrelation of Ibnsina Pharma returns to help us make a trade decision. For example, suppose you find that Ibnsina Pharma 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
Ibnsina Pharma 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 Ibnsina Pharma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ibnsina Pharma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ibnsina Pharma stock over time.
Current vs Lagged Prices
Timeline
Ibnsina Pharma Lagged Returns
When evaluating Ibnsina Pharma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ibnsina Pharma stock have on its future price. Ibnsina Pharma 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, Ibnsina Pharma autocorrelation shows the relationship between Ibnsina Pharma stock current value and its past values and can show if there is a momentum factor associated with investing in Ibnsina Pharma.
Regressed Prices
Timeline
Also Currently Popular
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.