Imax Corp Stock Market Value
| IMAX Stock | USD 17.13 0.02 0.12% |
| Symbol | Imax |
Imax Corp Price To Book Ratio
Is Imax Corp's industry 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 Imax Corp. If investors know Imax 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 Imax Corp 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 0.03 | Earnings Share 0.46 | Revenue Per Share 6.902 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0411 |
The market value of Imax Corp is measured differently than its book value, which is the value of Imax that is recorded on the company's balance sheet. Investors also form their own opinion of Imax Corp's value that differs from its market value or its book value, called intrinsic value, which is Imax Corp'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 Imax Corp's market value can be influenced by many factors that don't directly affect Imax Corp'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 Imax Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imax Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imax Corp'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.
Imax Corp '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 Imax Corp'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 Imax Corp.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Imax Corp on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Imax Corp or generate 0.0% return on investment in Imax Corp over 270 days. Imax Corp is related to or competes with Paramount Global, and Warner Bros. IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide More
Imax Corp 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 Imax Corp'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 Imax Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.1051 | |||
| Maximum Drawdown | 15.87 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 3.55 |
Imax Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imax Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imax Corp's standard deviation. In reality, there are many statistical measures that can use Imax Corp historical prices to predict the future Imax Corp's volatility.| Risk Adjusted Performance | 0.0958 | |||
| Jensen Alpha | 0.2853 | |||
| Total Risk Alpha | 0.0366 | |||
| Sortino Ratio | 0.1341 | |||
| Treynor Ratio | 1.45 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Imax Corp's 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.
Imax Corp Backtested Returns
Imax Corp appears to be very steady, given 3 months investment horizon. Imax Corp holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Imax Corp, which you can use to evaluate the volatility of the firm. Please utilize Imax Corp's Downside Deviation of 1.68, market risk adjusted performance of 1.46, and Risk Adjusted Performance of 0.0958 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Imax Corp holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Imax Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Imax Corp is expected to be smaller as well. Please check Imax Corp'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 Imax Corp's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Imax Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Imax Corp time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 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 Imax Corp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Imax Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Imax Corp lagged returns against current returns
Autocorrelation, which is Imax Corp 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 Imax Corp's stock expected returns. We can calculate the autocorrelation of Imax Corp returns to help us make a trade decision. For example, suppose you find that Imax Corp 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 |
Imax Corp 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 Imax Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imax Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imax Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Imax Corp Lagged Returns
When evaluating Imax Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imax Corp stock have on its future price. Imax Corp 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, Imax Corp autocorrelation shows the relationship between Imax Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Imax Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Imax Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Imax Corp's short interest history, or implied volatility extrapolated from Imax Corp options trading.
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Try AI Portfolio ArchitectCheck out Imax Corp Correlation, Imax Corp Volatility and Imax Corp Alpha and Beta module to complement your research on Imax Corp. For more information on how to buy Imax Stock please use our How to Invest in Imax Corp guide.Note that the Imax Corp information on this page should be used as a complementary analysis to other Imax Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Imax Stock analysis
When running Imax Corp's price analysis, check to measure Imax Corp'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 Imax Corp is operating at the current time. Most of Imax Corp's value examination focuses on studying past and present price action to predict the probability of Imax Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Imax Corp's price. Additionally, you may evaluate how the addition of Imax Corp to your portfolios can decrease your overall portfolio volatility.
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Imax Corp 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.