Incannex Healthcare Ltd Stock Market Value
| IXHL Stock | USD 1.78 0.04 2.20% |
| Symbol | Incannex |
Incannex Healthcare Price To Book Ratio
Is Biotechnology 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 Incannex Healthcare. If investors know Incannex 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 Incannex Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.296 | Return On Assets (0.57) | Return On Equity (1.15) |
The market value of Incannex Healthcare is measured differently than its book value, which is the value of Incannex that is recorded on the company's balance sheet. Investors also form their own opinion of Incannex Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Incannex Healthcare'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 Incannex Healthcare's market value can be influenced by many factors that don't directly affect Incannex Healthcare'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 Incannex Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Incannex Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Incannex Healthcare'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.
Incannex Healthcare '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 Incannex Healthcare'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 Incannex Healthcare.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Incannex Healthcare on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Incannex Healthcare Ltd or generate 0.0% return on investment in Incannex Healthcare over 180 days. Incannex Healthcare is related to or competes with Connect Biopharma, Acumen Pharmaceuticals, Nuvation Bio, Eledon Pharmaceuticals, Eliem Therapeutics, Inhibrx, and Celcuity LLC. Incannex Healthcare Limited engages in the research, development, and sale of medicinal cannabinoid and psychedelic phar... More
Incannex Healthcare 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 Incannex Healthcare'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 Incannex Healthcare Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.76 | |||
| Information Ratio | 0.0067 | |||
| Maximum Drawdown | 28.99 | |||
| Value At Risk | (8.62) | |||
| Potential Upside | 10.05 |
Incannex Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Incannex Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Incannex Healthcare's standard deviation. In reality, there are many statistical measures that can use Incannex Healthcare historical prices to predict the future Incannex Healthcare's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.0516 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | 0.0066 | |||
| Treynor Ratio | 0.1853 |
Incannex Healthcare Backtested Returns
Incannex Healthcare appears to be dangerous, given 3 months investment horizon. Incannex Healthcare holds Efficiency (Sharpe) Ratio of 0.0359, which attests that the entity had a 0.0359% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Incannex Healthcare, which you can use to evaluate the volatility of the firm. Please utilize Incannex Healthcare's Market Risk Adjusted Performance of 0.1953, risk adjusted performance of 0.0324, and Downside Deviation of 5.76 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Incannex Healthcare holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Incannex Healthcare returns are very sensitive to returns on the market. As the market goes up or down, Incannex Healthcare is expected to follow. Please check Incannex Healthcare's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Incannex Healthcare's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Incannex Healthcare Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between Incannex Healthcare time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Incannex Healthcare price movement. The serial correlation of -0.67 indicates that around 67.0% of current Incannex Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Incannex Healthcare lagged returns against current returns
Autocorrelation, which is Incannex Healthcare 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 Incannex Healthcare's stock expected returns. We can calculate the autocorrelation of Incannex Healthcare returns to help us make a trade decision. For example, suppose you find that Incannex Healthcare 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 |
Incannex Healthcare 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 Incannex Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Incannex Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Incannex Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Incannex Healthcare Lagged Returns
When evaluating Incannex Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Incannex Healthcare stock have on its future price. Incannex Healthcare 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, Incannex Healthcare autocorrelation shows the relationship between Incannex Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Incannex Healthcare Ltd.
Regressed Prices |
| Timeline |
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Incannex Healthcare technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.