Innovate Corp Stock Market Value
| VATE Stock | USD 5.92 0.07 1.17% |
| Symbol | Innovate |
Innovate Corp Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Innovate Corp. If investors know Innovate 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 Innovate Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.08) | Revenue Per Share 130.933 | Quarterly Revenue Growth (0.35) | Return On Assets 0.034 | Return On Equity (0.19) |
The market value of Innovate Corp is measured differently than its book value, which is the value of Innovate that is recorded on the company's balance sheet. Investors also form their own opinion of Innovate Corp's value that differs from its market value or its book value, called intrinsic value, which is Innovate Corp'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 Innovate Corp's market value can be influenced by many factors that don't directly affect Innovate Corp'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 Innovate Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovate Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovate Corp'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.
Innovate Corp '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 Innovate Corp'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 Innovate Corp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Innovate Corp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Innovate Corp or generate 0.0% return on investment in Innovate Corp over 30 days. Innovate Corp is related to or competes with Matrix Service, IES Holdings, MYR, Construction Partners, Sterling Construction, Bouygues, and NV5 Global. INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United St... More
Innovate Corp 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 Innovate Corp'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 Innovate Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.9 | |||
| Information Ratio | 0.0954 | |||
| Maximum Drawdown | 40.85 | |||
| Value At Risk | (7.60) | |||
| Potential Upside | 14.1 |
Innovate Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovate Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovate Corp's standard deviation. In reality, there are many statistical measures that can use Innovate Corp historical prices to predict the future Innovate Corp's volatility.| Risk Adjusted Performance | 0.096 | |||
| Jensen Alpha | 0.53 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.1166 | |||
| Treynor Ratio | 0.3501 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovate Corp'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.
Innovate Corp Backtested Returns
Innovate Corp appears to be very risky, given 3 months investment horizon. Innovate Corp holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. By evaluating Innovate Corp's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize Innovate Corp's Downside Deviation of 5.9, risk adjusted performance of 0.096, and Market Risk Adjusted Performance of 0.3601 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Innovate Corp holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 2.31, 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, Innovate Corp will likely underperform. Please check Innovate Corp's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Innovate Corp's current trending patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Innovate Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Innovate Corp time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Innovate Corp price movement. The serial correlation of -0.73 indicates that around 73.0% of current Innovate Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Innovate Corp lagged returns against current returns
Autocorrelation, which is Innovate Corp 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 Innovate Corp's stock expected returns. We can calculate the autocorrelation of Innovate Corp returns to help us make a trade decision. For example, suppose you find that Innovate Corp 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 |
Innovate Corp 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 Innovate Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovate Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovate Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Innovate Corp Lagged Returns
When evaluating Innovate Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovate Corp stock have on its future price. Innovate Corp 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, Innovate Corp autocorrelation shows the relationship between Innovate Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Innovate Corp.
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.When determining whether Innovate Corp is a strong investment it is important to analyze Innovate Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innovate Corp's future performance. For an informed investment choice regarding Innovate Stock, refer to the following important reports:Check out Innovate Corp Correlation, Innovate Corp Volatility and Innovate Corp Alpha and Beta module to complement your research on Innovate Corp. For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Innovate Corp 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.