Immo Moury (Belgium) Market Value
| IMMOU Stock | EUR 31.40 0.20 0.64% |
| Symbol | Immo |
Immo Moury '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 Immo Moury'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 Immo Moury.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Immo Moury on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Immo Moury SICAF or generate 0.0% return on investment in Immo Moury over 720 days. Immo Moury is related to or competes with Warehouses Estates, Home Invest, Wereldhav, and Retail Estates. IMMO MOURY is traded on Brussels Stock Exchange in Belgium. More
Immo Moury 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 Immo Moury'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 Immo Moury SICAF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.13 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.96 |
Immo Moury Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immo Moury's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immo Moury's standard deviation. In reality, there are many statistical measures that can use Immo Moury historical prices to predict the future Immo Moury's volatility.| Risk Adjusted Performance | 0.0057 | |||
| Jensen Alpha | 0.0406 | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.0212 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Immo Moury'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.
Immo Moury SICAF Backtested Returns
Immo Moury SICAF holds Efficiency (Sharpe) Ratio of -4.0E-4, which attests that the entity had a -4.0E-4% return per unit of risk over the last 3 months. Immo Moury SICAF exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Immo Moury's Standard Deviation of 1.79, risk adjusted performance of 0.0057, and Market Risk Adjusted Performance of 0.0312 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Immo Moury are expected to decrease at a much lower rate. During the bear market, Immo Moury is likely to outperform the market. At this point, Immo Moury SICAF has a negative expected return of -7.0E-4%. Please make sure to check out Immo Moury's variance, skewness, as well as the relationship between the Skewness and price action indicator , to decide if Immo Moury SICAF performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Immo Moury SICAF has good reverse predictability. Overlapping area represents the amount of predictability between Immo Moury time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Immo Moury SICAF price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Immo Moury price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 3.54 |
Immo Moury SICAF lagged returns against current returns
Autocorrelation, which is Immo Moury 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 Immo Moury's stock expected returns. We can calculate the autocorrelation of Immo Moury returns to help us make a trade decision. For example, suppose you find that Immo Moury 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 |
Immo Moury 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 Immo Moury stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immo Moury stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immo Moury stock over time.
Current vs Lagged Prices |
| Timeline |
Immo Moury Lagged Returns
When evaluating Immo Moury's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immo Moury stock have on its future price. Immo Moury 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, Immo Moury autocorrelation shows the relationship between Immo Moury stock current value and its past values and can show if there is a momentum factor associated with investing in Immo Moury SICAF.
Regressed Prices |
| Timeline |
Pair Trading with Immo Moury
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 Immo Moury 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 Immo Moury will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Immo Moury could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Immo Moury 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 Immo Moury - 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 Immo Moury SICAF to buy it.
The correlation of Immo Moury 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 Immo Moury moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Immo Moury SICAF 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 Immo Moury 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 Immo Stock
Immo Moury financial ratios help investors to determine whether Immo 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 Immo with respect to the benefits of owning Immo Moury security.