IDEXX Laboratories (Germany) Market Value
| IX1 Stock | EUR 406.20 6.80 1.70% |
| Symbol | IDEXX |
IDEXX Laboratories '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 IDEXX Laboratories' 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 IDEXX Laboratories.
| 07/06/2023 |
| 11/27/2024 |
If you would invest 0.00 in IDEXX Laboratories on July 6, 2023 and sell it all today you would earn a total of 0.00 from holding IDEXX Laboratories or generate 0.0% return on investment in IDEXX Laboratories over 510 days. IDEXX Laboratories is related to or competes with Danaher, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, 2G ENERGY, and NorAm Drilling. IDEXX Laboratories, Inc., together with its subsidiaries, develops, manufactures, and distributes products and services ... More
IDEXX Laboratories 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 IDEXX Laboratories' 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 IDEXX Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 1.88 |
IDEXX Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEXX Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDEXX Laboratories' standard deviation. In reality, there are many statistical measures that can use IDEXX Laboratories historical prices to predict the future IDEXX Laboratories' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.30) |
IDEXX Laboratories Backtested Returns
IDEXX Laboratories holds Efficiency (Sharpe) Ratio of -0.052, which attests that the entity had a -0.052% return per unit of return volatility over the last 3 months. IDEXX Laboratories exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IDEXX Laboratories' Coefficient Of Variation of (1,946), risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.29) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IDEXX Laboratories' returns are expected to increase less than the market. However, during the bear market, the loss of holding IDEXX Laboratories is expected to be smaller as well. At this point, IDEXX Laboratories has a negative expected return of -0.0811%. Please make sure to check out IDEXX Laboratories' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if IDEXX Laboratories performance from the past will be repeated in the future.
Auto-correlation | -0.33 |
Poor reverse predictability
IDEXX Laboratories has poor reverse predictability. Overlapping area represents the amount of predictability between IDEXX Laboratories time series from 6th of July 2023 to 17th of March 2024 and 17th of March 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 IDEXX Laboratories price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current IDEXX Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 663.06 |
IDEXX Laboratories lagged returns against current returns
Autocorrelation, which is IDEXX Laboratories 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 IDEXX Laboratories' stock expected returns. We can calculate the autocorrelation of IDEXX Laboratories returns to help us make a trade decision. For example, suppose you find that IDEXX Laboratories 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 |
IDEXX Laboratories 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 IDEXX Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDEXX Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDEXX Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
IDEXX Laboratories Lagged Returns
When evaluating IDEXX Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDEXX Laboratories stock have on its future price. IDEXX Laboratories 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, IDEXX Laboratories autocorrelation shows the relationship between IDEXX Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in IDEXX Laboratories.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in IDEXX Stock
When determining whether IDEXX Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDEXX Laboratories' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Idexx Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idexx Laboratories Stock:Check out IDEXX Laboratories Correlation, IDEXX Laboratories Volatility and IDEXX Laboratories Alpha and Beta module to complement your research on IDEXX Laboratories. For more detail on how to invest in IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
IDEXX Laboratories technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.