Innovative Industrial (UK) Market Value

0JBD Stock   106.86  1.09  1.01%   
Innovative Industrial's market value is the price at which a share of Innovative Industrial trades on a public exchange. It measures the collective expectations of Innovative Industrial Properties investors about its performance. Innovative Industrial is selling for under 106.86 as of the 4th of December 2024; that is 1.01% down since the beginning of the trading day. The stock's lowest day price was 106.18.
With this module, you can estimate the performance of a buy and hold strategy of Innovative Industrial Properties and determine expected loss or profit from investing in Innovative Industrial over a given investment horizon. Check out Innovative Industrial Correlation, Innovative Industrial Volatility and Innovative Industrial Alpha and Beta module to complement your research on Innovative Industrial.
Symbol

Please note, there is a significant difference between Innovative Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovative Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovative Industrial'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.

Innovative Industrial '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 Innovative Industrial'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 Innovative Industrial.
0.00
09/05/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/04/2024
0.00
If you would invest  0.00  in Innovative Industrial on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Innovative Industrial Properties or generate 0.0% return on investment in Innovative Industrial over 90 days. Innovative Industrial is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, State Bank, SoftBank Group, and Reliance Industries. Innovative Industrial is entity of United Kingdom More

Innovative Industrial 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 Innovative Industrial'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 Innovative Industrial Properties upside and downside potential and time the market with a certain degree of confidence.

Innovative Industrial Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovative Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovative Industrial's standard deviation. In reality, there are many statistical measures that can use Innovative Industrial historical prices to predict the future Innovative Industrial's volatility.
Hype
Prediction
LowEstimatedHigh
105.44107.91110.38
Details
Intrinsic
Valuation
LowRealHigh
92.9995.46118.75
Details
Naive
Forecast
LowNextHigh
118.65121.13123.60
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
106.99109.62112.25
Details

Innovative Industrial Backtested Returns

Innovative Industrial holds Efficiency (Sharpe) Ratio of -0.0512, which attests that the entity had a -0.0512% return per unit of risk over the last 3 months. Innovative Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innovative Industrial's Market Risk Adjusted Performance of 0.1518, risk adjusted performance of (0.04), and Standard Deviation of 2.45 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.07, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Innovative Industrial are expected to decrease slowly. On the other hand, during market turmoil, Innovative Industrial is expected to outperform it slightly. At this point, Innovative Industrial has a negative expected return of -0.13%. Please make sure to check out Innovative Industrial's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Innovative Industrial performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.58  

Good reverse predictability

Innovative Industrial Properties has good reverse predictability. Overlapping area represents the amount of predictability between Innovative Industrial time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 Innovative Industrial price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Innovative Industrial price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test0.02
Residual Average0.0
Price Variance142.38

Innovative Industrial lagged returns against current returns

Autocorrelation, which is Innovative Industrial 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 Innovative Industrial's stock expected returns. We can calculate the autocorrelation of Innovative Industrial returns to help us make a trade decision. For example, suppose you find that Innovative Industrial 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  

Innovative Industrial 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 Innovative Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovative Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovative Industrial stock over time.
   Current vs Lagged Prices   
       Timeline  

Innovative Industrial Lagged Returns

When evaluating Innovative Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovative Industrial stock have on its future price. Innovative Industrial 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, Innovative Industrial autocorrelation shows the relationship between Innovative Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Innovative Industrial Properties.
   Regressed Prices   
       Timeline  

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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.

Additional Tools for Innovative Stock Analysis

When running Innovative Industrial's price analysis, check to measure Innovative Industrial'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 Innovative Industrial is operating at the current time. Most of Innovative Industrial's value examination focuses on studying past and present price action to predict the probability of Innovative Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Industrial's price. Additionally, you may evaluate how the addition of Innovative Industrial to your portfolios can decrease your overall portfolio volatility.