Innoviz Technologies Stock Market Value
| INVZ Stock | USD 0.76 0.05 7.04% |
| Symbol | Innoviz |
Innoviz Technologies Price To Book Ratio
Is Automotive Parts & Equipment 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 Innoviz Technologies. If investors know Innoviz 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 Innoviz Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.64) | Revenue Per Share 0.198 | Quarterly Revenue Growth 3.546 | Return On Assets (0.40) | Return On Equity (0.87) |
The market value of Innoviz Technologies is measured differently than its book value, which is the value of Innoviz that is recorded on the company's balance sheet. Investors also form their own opinion of Innoviz Technologies' value that differs from its market value or its book value, called intrinsic value, which is Innoviz Technologies' 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 Innoviz Technologies' market value can be influenced by many factors that don't directly affect Innoviz Technologies' 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 Innoviz Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Innoviz Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innoviz Technologies' 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.
Innoviz 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 Innoviz 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 Innoviz Technologies.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Innoviz Technologies on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Innoviz Technologies or generate 0.0% return on investment in Innoviz Technologies over 360 days. Innoviz Technologies is related to or competes with Ford, GM, Goodyear Tire, Li Auto, Toyota, ZEEKR Intelligent, and Dorman Products. Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enabl... More
Innoviz 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 Innoviz 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 Innoviz Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 31.64 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 12.24 |
Innoviz Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innoviz Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innoviz Technologies' standard deviation. In reality, there are many statistical measures that can use Innoviz Technologies historical prices to predict the future Innoviz Technologies' volatility.| Risk Adjusted Performance | 0.065 | |||
| Jensen Alpha | 0.0795 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.076 | |||
| Treynor Ratio | 0.1542 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innoviz Technologies' 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.
Innoviz Technologies Backtested Returns
Innoviz Technologies appears to be dangerous, given 3 months investment horizon. Innoviz Technologies holds Efficiency (Sharpe) Ratio of 0.0827, which attests that the entity had a 0.0827% return per unit of risk over the last 3 months. By evaluating Innoviz Technologies' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Innoviz Technologies' Risk Adjusted Performance of 0.065, downside deviation of 4.38, and Market Risk Adjusted Performance of 0.1642 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Innoviz Technologies holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 2.99, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Innoviz Technologies will likely underperform. Please check Innoviz Technologies' total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Innoviz Technologies' current trending patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Innoviz Technologies has good predictability. Overlapping area represents the amount of predictability between Innoviz Technologies time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Innoviz Technologies price movement. The serial correlation of 0.73 indicates that around 73.0% of current Innoviz Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Innoviz Technologies lagged returns against current returns
Autocorrelation, which is Innoviz 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 Innoviz Technologies' stock expected returns. We can calculate the autocorrelation of Innoviz Technologies returns to help us make a trade decision. For example, suppose you find that Innoviz 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 |
| Timeline |
Innoviz 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 Innoviz Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innoviz Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innoviz Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Innoviz Technologies Lagged Returns
When evaluating Innoviz Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innoviz Technologies stock have on its future price. Innoviz 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, Innoviz Technologies autocorrelation shows the relationship between Innoviz Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Innoviz Technologies.
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 Innoviz Stock Analysis
When running Innoviz Technologies' price analysis, check to measure Innoviz 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 Innoviz Technologies is operating at the current time. Most of Innoviz Technologies' value examination focuses on studying past and present price action to predict the probability of Innoviz Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innoviz Technologies' price. Additionally, you may evaluate how the addition of Innoviz Technologies to your portfolios can decrease your overall portfolio volatility.