Information Services Stock Market Value
| ISC Stock | 27.25 0.25 0.91% |
| Symbol | Information |
Information Services '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 Information Services' 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 Information Services.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Information Services on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Information Services or generate 0.0% return on investment in Information Services over 180 days. Information Services is related to or competes with Quorum Information, Diamond Estates, Algonquin Power, Nova Leap, Reliq Health, and Queens Road. Information Services is entity of Canada More
Information Services 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 Information Services' 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 Information Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 2.02 |
Information Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Information Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Information Services' standard deviation. In reality, there are many statistical measures that can use Information Services historical prices to predict the future Information Services' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.201 |
Information Services Backtested Returns
Information Services holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Information Services exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Information Services' Market Risk Adjusted Performance of 0.211, standard deviation of 1.11, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Information Services are expected to decrease at a much lower rate. During the bear market, Information Services is likely to outperform the market. At this point, Information Services has a negative expected return of -0.11%. Please make sure to check out Information Services' skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Information Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Information Services has good reverse predictability. Overlapping area represents the amount of predictability between Information Services time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Information Services price movement. The serial correlation of -0.52 indicates that about 52.0% of current Information Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Information Services lagged returns against current returns
Autocorrelation, which is Information Services 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 Information Services' stock expected returns. We can calculate the autocorrelation of Information Services returns to help us make a trade decision. For example, suppose you find that Information Services 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 |
Information Services 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 Information Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Information Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Information Services stock over time.
Current vs Lagged Prices |
| Timeline |
Information Services Lagged Returns
When evaluating Information Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Information Services stock have on its future price. Information Services 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, Information Services autocorrelation shows the relationship between Information Services stock current value and its past values and can show if there is a momentum factor associated with investing in Information Services.
Regressed Prices |
| Timeline |
Pair Trading with Information Services
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 Information Services 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 Information Services will appreciate offsetting losses from the drop in the long position's value.Moving against Information Stock
| 0.72 | MXG | Maxim Power Corp | PairCorr |
| 0.71 | IMP | Intermap Technologies | PairCorr |
| 0.66 | LMN | Lumine Group | PairCorr |
| 0.65 | RBA | Ritchie Bros Auctioneers | PairCorr |
| 0.65 | MIN | Excelsior Mining Corp | PairCorr |
The ability to find closely correlated positions to Information Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Information Services 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 Information Services - 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 Information Services to buy it.
The correlation of Information Services 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 Information Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Information Services 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 Information Services 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 Information Stock
Information Services financial ratios help investors to determine whether Information 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 Information with respect to the benefits of owning Information Services security.