Impinj Inc Stock Market Value
| PI Stock | USD 192.21 2.96 1.56% |
| Symbol | Impinj |
Impinj Inc Price To Book Ratio
Is Semiconductors & Semiconductor 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 Impinj. If investors know Impinj 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 Impinj listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.93 | Revenue Per Share 12.494 | Quarterly Revenue Growth 0.464 | Return On Assets (0.02) | Return On Equity 0.3318 |
The market value of Impinj Inc is measured differently than its book value, which is the value of Impinj that is recorded on the company's balance sheet. Investors also form their own opinion of Impinj's value that differs from its market value or its book value, called intrinsic value, which is Impinj'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 Impinj's market value can be influenced by many factors that don't directly affect Impinj'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 Impinj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Impinj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Impinj'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.
Impinj '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 Impinj'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 Impinj.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Impinj on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Impinj Inc or generate 0.0% return on investment in Impinj over 30 days. Impinj is related to or competes with Lumentum Holdings, Hewlett Packard, Ciena Corp, Motorola Solutions, Ubiquiti Networks, Cambium Networks, and Zebra Technologies. Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Afri... More
Impinj 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 Impinj'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 Impinj Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.89 | |||
| Information Ratio | 0.0432 | |||
| Maximum Drawdown | 23.52 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 4.05 |
Impinj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Impinj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Impinj's standard deviation. In reality, there are many statistical measures that can use Impinj historical prices to predict the future Impinj's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | 0.0897 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | 0.18 |
Impinj Inc Backtested Returns
Impinj appears to be very steady, given 3 months investment horizon. Impinj Inc holds Efficiency (Sharpe) Ratio of 0.0922, which attests that the entity had a 0.0922% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Impinj Inc, which you can use to evaluate the volatility of the firm. Please utilize Impinj's Market Risk Adjusted Performance of 0.19, downside deviation of 3.89, and Risk Adjusted Performance of 0.0716 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Impinj holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.39, 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, Impinj will likely underperform. Please check Impinj's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Impinj's current trending patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Impinj Inc has poor predictability. Overlapping area represents the amount of predictability between Impinj time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Impinj Inc price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Impinj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 36.84 |
Impinj Inc lagged returns against current returns
Autocorrelation, which is Impinj 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 Impinj's stock expected returns. We can calculate the autocorrelation of Impinj returns to help us make a trade decision. For example, suppose you find that Impinj 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 |
Impinj 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 Impinj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Impinj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Impinj stock over time.
Current vs Lagged Prices |
| Timeline |
Impinj Lagged Returns
When evaluating Impinj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Impinj stock have on its future price. Impinj 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, Impinj autocorrelation shows the relationship between Impinj stock current value and its past values and can show if there is a momentum factor associated with investing in Impinj Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Impinj Correlation, Impinj Volatility and Impinj Alpha and Beta module to complement your research on Impinj. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Impinj 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.