Identillect Technologies Corp Stock Market Value
| ID Stock | CAD 0.01 0.00 0.00% |
| Symbol | Identillect |
Identillect Technologies '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 Identillect Technologies' 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 Identillect Technologies.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Identillect Technologies on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Identillect Technologies Corp or generate 0.0% return on investment in Identillect Technologies over 30 days. Identillect Technologies is related to or competes with Quisitive Technology, Plurilock Security, IShares Canadian, Altagas Cum, European Residential, and IShares SPTSX. Identillect Technologies Corp., a software development company, develops an email encryption software solution More
Identillect Technologies 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 Identillect Technologies' 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 Identillect Technologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0465 | |||
| Maximum Drawdown | 150.0 |
Identillect Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Identillect Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Identillect Technologies' standard deviation. In reality, there are many statistical measures that can use Identillect Technologies historical prices to predict the future Identillect Technologies' volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | 0.7717 | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (3.20) |
Identillect Technologies Backtested Returns
We have found sixteen technical indicators for Identillect Technologies, which you can use to evaluate the volatility of the firm. Please check out Identillect Technologies' Standard Deviation of 13.85, risk adjusted performance of 0.0512, and Market Risk Adjusted Performance of (3.19) to validate if the risk estimate we provide is consistent with the expected return of 0.0%. The company retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Identillect Technologies are expected to decrease at a much lower rate. During the bear market, Identillect Technologies is likely to outperform the market. Identillect Technologies right now retains a risk of 0.0%. Please check out Identillect Technologies mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if Identillect Technologies will be following its current trending patterns.
Auto-correlation | 1.00 |
Perfect predictability
Identillect Technologies Corp has perfect predictability. Overlapping area represents the amount of predictability between Identillect Technologies time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 Identillect Technologies price movement. The serial correlation of 1.0 indicates that 100.0% of current Identillect Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Identillect Technologies lagged returns against current returns
Autocorrelation, which is Identillect Technologies 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 Identillect Technologies' stock expected returns. We can calculate the autocorrelation of Identillect Technologies returns to help us make a trade decision. For example, suppose you find that Identillect Technologies 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 |
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Identillect Technologies 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 Identillect Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Identillect Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Identillect Technologies stock over time.
Current vs Lagged Prices |
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Identillect Technologies Lagged Returns
When evaluating Identillect Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Identillect Technologies stock have on its future price. Identillect Technologies 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, Identillect Technologies autocorrelation shows the relationship between Identillect Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Identillect Technologies Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Identillect Stock Analysis
When running Identillect Technologies' price analysis, check to measure Identillect Technologies' 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 Identillect Technologies is operating at the current time. Most of Identillect Technologies' value examination focuses on studying past and present price action to predict the probability of Identillect Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Identillect Technologies' price. Additionally, you may evaluate how the addition of Identillect Technologies to your portfolios can decrease your overall portfolio volatility.