Innovex International, Stock Market Value
| INVX Stock | 13.56 0.16 1.19% |
| Symbol | Innovex |
Innovex International, Price To Book Ratio
Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Innovex International,. If investors know Innovex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Innovex International, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.146 | Earnings Share 1.05 | Revenue Per Share 30.563 | Quarterly Revenue Growth 0.092 | Return On Assets 0.0562 |
The market value of Innovex International, is measured differently than its book value, which is the value of Innovex that is recorded on the company's balance sheet. Investors also form their own opinion of Innovex International,'s value that differs from its market value or its book value, called intrinsic value, which is Innovex International,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innovex International,'s market value can be influenced by many factors that don't directly affect Innovex International,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Innovex International,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovex International, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovex International,'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.
Innovex International, '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 Innovex International,'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 Innovex International,.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in Innovex International, on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Innovex International, or generate 0.0% return on investment in Innovex International, over 90 days. Innovex International, is related to or competes with Weatherford International, TechnipFMC PLC, Geospace Technologies, Cactus, ChampionX, Tidewater, and Expro Group. Innovex, Inc. offer flexible circuit interconnect solutions to original equipment manufacturers in the electronics industry worldwide. More
Innovex International, 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 Innovex International,'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 Innovex International, upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.85 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 2.95 |
Innovex International, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovex International,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovex International,'s standard deviation. In reality, there are many statistical measures that can use Innovex International, historical prices to predict the future Innovex International,'s volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovex International,'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.
Innovex International, Backtested Returns
Innovex International, holds Efficiency (Sharpe) Ratio of -0.0335, which attests that the entity had a -0.0335% return per unit of risk over the last 3 months. Innovex International, exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innovex International,'s Standard Deviation of 2.75, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (0.32) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovex International,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovex International, is expected to be smaller as well. At this point, Innovex International, has a negative expected return of -0.09%. Please make sure to check out Innovex International,'s information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Innovex International, performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Innovex International, has below average predictability. Overlapping area represents the amount of predictability between Innovex International, time series from 29th of September 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Innovex International, price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Innovex International, price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2.55 |
Innovex International, lagged returns against current returns
Autocorrelation, which is Innovex International, 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 Innovex International,'s stock expected returns. We can calculate the autocorrelation of Innovex International, returns to help us make a trade decision. For example, suppose you find that Innovex International, 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 |
Innovex International, 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 Innovex International, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovex International, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovex International, stock over time.
Current vs Lagged Prices |
| Timeline |
Innovex International, Lagged Returns
When evaluating Innovex International,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovex International, stock have on its future price. Innovex International, 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, Innovex International, autocorrelation shows the relationship between Innovex International, stock current value and its past values and can show if there is a momentum factor associated with investing in Innovex International,.
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 Innovex Stock Analysis
When running Innovex International,'s price analysis, check to measure Innovex International,'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 Innovex International, is operating at the current time. Most of Innovex International,'s value examination focuses on studying past and present price action to predict the probability of Innovex International,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovex International,'s price. Additionally, you may evaluate how the addition of Innovex International, to your portfolios can decrease your overall portfolio volatility.