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 trading at 25.16 as of the 21st of December 2024, a 5.06 percent decrease since the beginning of the trading day. The preferred stock's open price was 26.5. 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 Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Innovative
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 preferred 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
11/21/2024
No Change 0.00
0.0
In 31 days
12/21/2024
0.00
If you would invest 0.00 in Innovative Industrial on November 21, 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 30 days.
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 preferred 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.
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.
Innovative Industrial holds Efficiency (Sharpe) Ratio of -0.0982, which attests that the entity had a -0.0982% return per unit of risk over the last 3 months. Innovative Industrial exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innovative Industrial's Downside Deviation of 0.4894, market risk adjusted performance of (0.03), and Risk Adjusted Performance of 0.005 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0659, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Innovative Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovative Industrial is expected to be smaller as well. At this point, Innovative Industrial has a negative expected return of -0.0735%. Please make sure to check out Innovative Industrial's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Innovative Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.14
Insignificant reverse predictability
Innovative Industrial Properties has insignificant reverse predictability. Overlapping area represents the amount of predictability between Innovative Industrial time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 -0.14 indicates that less than 14.0% of current Innovative Industrial price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.14
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.01
Innovative Industrial lagged returns against current returns
Autocorrelation, which is Innovative Industrial preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovative Industrial preferred 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 preferred 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 preferred 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 preferred 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.