Ifabric Corp Stock Market Value
| IFA Stock | CAD 1.10 0.01 0.92% |
| Symbol | IFabric |
iFabric Corp Price To Book Ratio
IFabric 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 IFabric 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 IFabric Corp.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in IFabric Corp on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding iFabric Corp or generate 0.0% return on investment in IFabric Corp over 720 days. IFabric Corp is related to or competes with Caldwell Partners, Bri Chem, Geodrill, Supremex, and Unisync Corp. iFabric Corp. designs and distributes womens intimate apparel and accessories in Canada, the United States, the United K... More
IFabric 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 IFabric 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 iFabric Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.17 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.7 | |||
| Value At Risk | (6.72) | |||
| Potential Upside | 3.6 |
IFabric Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IFabric Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IFabric Corp's standard deviation. In reality, there are many statistical measures that can use IFabric Corp historical prices to predict the future IFabric Corp's volatility.| Risk Adjusted Performance | 0.0085 | |||
| Jensen Alpha | 0.0696 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0095 |
iFabric Corp Backtested Returns
As of now, IFabric Stock is dangerous. iFabric Corp holds Efficiency (Sharpe) Ratio of 0.0057, which attests that the entity had a 0.0057% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iFabric Corp, which you can use to evaluate the volatility of the firm. Please check out IFabric Corp's Downside Deviation of 4.17, risk adjusted performance of 0.0085, and Market Risk Adjusted Performance of 0.0195 to validate if the risk estimate we provide is consistent with the expected return of 0.0174%. The company retains a Market Volatility (i.e., Beta) of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IFabric Corp are expected to decrease at a much lower rate. During the bear market, IFabric Corp is likely to outperform the market. iFabric Corp presently retains a risk of 3.03%. Please check out IFabric Corp treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if IFabric Corp will be following its current trending patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
iFabric Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between IFabric Corp time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 iFabric Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current IFabric Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
iFabric Corp lagged returns against current returns
Autocorrelation, which is IFabric 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 IFabric Corp's stock expected returns. We can calculate the autocorrelation of IFabric Corp returns to help us make a trade decision. For example, suppose you find that IFabric 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 |
IFabric 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 IFabric Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IFabric Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IFabric Corp stock over time.
Current vs Lagged Prices |
| Timeline |
IFabric Corp Lagged Returns
When evaluating IFabric Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IFabric Corp stock have on its future price. IFabric 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, IFabric Corp autocorrelation shows the relationship between IFabric Corp stock current value and its past values and can show if there is a momentum factor associated with investing in iFabric Corp.
Regressed Prices |
| Timeline |
Pair Trading with IFabric Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IFabric Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IFabric Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to IFabric Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IFabric Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IFabric Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iFabric Corp to buy it.
The correlation of IFabric Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IFabric Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iFabric Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IFabric Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in IFabric Stock
IFabric Corp financial ratios help investors to determine whether IFabric Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IFabric with respect to the benefits of owning IFabric Corp security.