Inventronics Stock Market Value
| IVX Stock | CAD 0.77 0.03 4.05% |
| Symbol | Inventronics |
Inventronics Price To Book Ratio
Inventronics '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 Inventronics' 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 Inventronics.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Inventronics on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Inventronics or generate 0.0% return on investment in Inventronics over 450 days. Inventronics is related to or competes with Cielo Waste, IShares Canadian, PHN Multi, Altagas Cum, and European Residential. Inventronics Limited designs, manufactures, and sells metal enclosures and related products for telecommunication networ... More
Inventronics 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 Inventronics' 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 Inventronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 27.29 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.76 |
Inventronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inventronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inventronics' standard deviation. In reality, there are many statistical measures that can use Inventronics historical prices to predict the future Inventronics' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 0.1356 |
Inventronics Backtested Returns
At this stage we consider Inventronics Stock to be abnormally volatile. Inventronics holds Efficiency (Sharpe) Ratio of 0.0094, which attests that the entity had a 0.0094% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Inventronics, which you can use to evaluate the volatility of the firm. Please check out Inventronics' Standard Deviation of 4.13, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 0.1456 to validate if the risk estimate we provide is consistent with the expected return of 0.0371%. The company retains a Market Volatility (i.e., Beta) of -0.98, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Inventronics are expected to decrease slowly. On the other hand, during market turmoil, Inventronics is expected to outperform it slightly. Inventronics right now retains a risk of 3.93%. Please check out Inventronics treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Inventronics will be following its current trending patterns.
Auto-correlation | -0.51 |
Good reverse predictability
Inventronics has good reverse predictability. Overlapping area represents the amount of predictability between Inventronics time series from 4th of September 2023 to 16th of April 2024 and 16th of April 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 Inventronics price movement. The serial correlation of -0.51 indicates that about 51.0% of current Inventronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Inventronics lagged returns against current returns
Autocorrelation, which is Inventronics 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 Inventronics' stock expected returns. We can calculate the autocorrelation of Inventronics returns to help us make a trade decision. For example, suppose you find that Inventronics 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 |
Inventronics 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 Inventronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inventronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inventronics stock over time.
Current vs Lagged Prices |
| Timeline |
Inventronics Lagged Returns
When evaluating Inventronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inventronics stock have on its future price. Inventronics 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, Inventronics autocorrelation shows the relationship between Inventronics stock current value and its past values and can show if there is a momentum factor associated with investing in Inventronics.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Inventronics Stock Analysis
When running Inventronics' price analysis, check to measure Inventronics' 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 Inventronics is operating at the current time. Most of Inventronics' value examination focuses on studying past and present price action to predict the probability of Inventronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inventronics' price. Additionally, you may evaluate how the addition of Inventronics to your portfolios can decrease your overall portfolio volatility.