Ix Acquisition Corp Stock Market Value
| IXAQ Stock | USD 11.63 0.08 0.69% |
| Symbol | IXAQ |
IX Acquisition Corp Company Valuation
Is Asset Management & Custody Banks 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 IX Acquisition. If investors know IXAQ 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 IX Acquisition 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 (0.39) | Earnings Share (1.02) | Return On Assets (0.03) |
The market value of IX Acquisition Corp is measured differently than its book value, which is the value of IXAQ that is recorded on the company's balance sheet. Investors also form their own opinion of IX Acquisition's value that differs from its market value or its book value, called intrinsic value, which is IX Acquisition'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 IX Acquisition's market value can be influenced by many factors that don't directly affect IX Acquisition'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 IX Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if IX Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IX Acquisition'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.
IX Acquisition '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 IX Acquisition'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 IX Acquisition.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in IX Acquisition on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding IX Acquisition Corp or generate 0.0% return on investment in IX Acquisition over 90 days. IX Acquisition is related to or competes with Thunder Bridge, Welsbach Technology, and BurTech Acquisition. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business co... More
IX Acquisition 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 IX Acquisition'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 IX Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.14 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.6076 |
IX Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IX Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IX Acquisition's standard deviation. In reality, there are many statistical measures that can use IX Acquisition historical prices to predict the future IX Acquisition's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.1846 |
IX Acquisition Corp Backtested Returns
Currently, IX Acquisition Corp is very steady. IX Acquisition Corp retains Efficiency (Sharpe Ratio) of 0.033, which attests that the entity had a 0.033% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for IX Acquisition, which you can use to evaluate the volatility of the firm. Please check out IX Acquisition's Semi Deviation of 0.4357, standard deviation of 0.7259, and Market Risk Adjusted Performance of 0.1946 to validate if the risk estimate we provide is consistent with the expected return of 0.0243%. IX Acquisition has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0806, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IX Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding IX Acquisition is expected to be smaller as well. IX Acquisition Corp today owns a risk of 0.74%. Please check out IX Acquisition Corp maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if IX Acquisition Corp will be following its current price history.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
IX Acquisition Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between IX Acquisition time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 IX Acquisition Corp price movement. The serial correlation of -0.71 indicates that around 71.0% of current IX Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
IX Acquisition Corp lagged returns against current returns
Autocorrelation, which is IX Acquisition 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 IX Acquisition's stock expected returns. We can calculate the autocorrelation of IX Acquisition returns to help us make a trade decision. For example, suppose you find that IX Acquisition 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 |
IX Acquisition 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 IX Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IX Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IX Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
IX Acquisition Lagged Returns
When evaluating IX Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IX Acquisition stock have on its future price. IX Acquisition 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, IX Acquisition autocorrelation shows the relationship between IX Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in IX Acquisition Corp.
Regressed Prices |
| Timeline |
Pair Trading with IX Acquisition
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 IX Acquisition 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 IX Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving together with IXAQ Stock
The ability to find closely correlated positions to IX Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IX Acquisition 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 IX Acquisition - 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 IX Acquisition Corp to buy it.
The correlation of IX Acquisition 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 IX Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IX Acquisition Corp 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 IX Acquisition 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.Additional Tools for IXAQ Stock Analysis
When running IX Acquisition's price analysis, check to measure IX Acquisition'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 IX Acquisition is operating at the current time. Most of IX Acquisition's value examination focuses on studying past and present price action to predict the probability of IX Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IX Acquisition's price. Additionally, you may evaluate how the addition of IX Acquisition to your portfolios can decrease your overall portfolio volatility.