Inotiv Inc Stock Market Value
| NOTV Stock | USD 3.41 0.20 6.23% |
| Symbol | Inotiv |
Inotiv Inc Price To Book Ratio
Is Life Sciences Tools & Services 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 Inotiv. If investors know Inotiv 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 Inotiv listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.84) | Revenue Per Share 19.444 | Quarterly Revenue Growth (0.33) | Return On Assets (0.03) | Return On Equity (0.43) |
The market value of Inotiv Inc is measured differently than its book value, which is the value of Inotiv that is recorded on the company's balance sheet. Investors also form their own opinion of Inotiv's value that differs from its market value or its book value, called intrinsic value, which is Inotiv's 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 Inotiv's market value can be influenced by many factors that don't directly affect Inotiv's 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 Inotiv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inotiv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inotiv's 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.
Inotiv '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 Inotiv'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 Inotiv.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Inotiv on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Inotiv Inc or generate 0.0% return on investment in Inotiv over 30 days. Inotiv is related to or competes with Fonar, Burning Rock, Sera Prognostics, Exagen, Sotera Health, DarioHealth Corp, and Neuronetics. Inotiv, Inc. provides drug discovery and development services to the pharmaceutical, chemical, and medical device indust... More
Inotiv 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 Inotiv'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 Inotiv Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.32 | |||
| Information Ratio | 0.1856 | |||
| Maximum Drawdown | 36.53 | |||
| Value At Risk | (6.94) | |||
| Potential Upside | 14.07 |
Inotiv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inotiv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inotiv's standard deviation. In reality, there are many statistical measures that can use Inotiv historical prices to predict the future Inotiv's volatility.| Risk Adjusted Performance | 0.1628 | |||
| Jensen Alpha | 0.8671 | |||
| Total Risk Alpha | 0.4726 | |||
| Sortino Ratio | 0.2902 | |||
| Treynor Ratio | 0.2765 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inotiv's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Inotiv Inc Backtested Returns
Inotiv is dangerous given 3 months investment horizon. Inotiv Inc holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.46% are justified by taking the suggested risk. Use Inotiv Inc Downside Deviation of 4.32, risk adjusted performance of 0.1628, and Market Risk Adjusted Performance of 0.2865 to evaluate company specific risk that cannot be diversified away. Inotiv holds a performance score of 16 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 4.9, 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, Inotiv will likely underperform. Use Inotiv Inc value at risk, as well as the relationship between the kurtosis and market facilitation index , to analyze future returns on Inotiv Inc.
Auto-correlation | 0.69 |
Good predictability
Inotiv Inc has good predictability. Overlapping area represents the amount of predictability between Inotiv time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Inotiv Inc price movement. The serial correlation of 0.69 indicates that around 69.0% of current Inotiv price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Inotiv Inc lagged returns against current returns
Autocorrelation, which is Inotiv 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 Inotiv's stock expected returns. We can calculate the autocorrelation of Inotiv returns to help us make a trade decision. For example, suppose you find that Inotiv 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 |
Inotiv 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 Inotiv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inotiv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inotiv stock over time.
Current vs Lagged Prices |
| Timeline |
Inotiv Lagged Returns
When evaluating Inotiv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inotiv stock have on its future price. Inotiv 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, Inotiv autocorrelation shows the relationship between Inotiv stock current value and its past values and can show if there is a momentum factor associated with investing in Inotiv Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Inotiv Stock Analysis
When running Inotiv's price analysis, check to measure Inotiv's 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 Inotiv is operating at the current time. Most of Inotiv's value examination focuses on studying past and present price action to predict the probability of Inotiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inotiv's price. Additionally, you may evaluate how the addition of Inotiv to your portfolios can decrease your overall portfolio volatility.