Ingevity Corp Stock Market Value
| NGVT Stock | USD 47.87 3.43 7.72% |
| Symbol | Ingevity |
Ingevity Corp Price To Book Ratio
Is Ingevity 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 Ingevity Corp. If investors know Ingevity 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 Ingevity 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 (0.65) | Earnings Share (0.15) | Revenue Per Share 46.364 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0597 |
The market value of Ingevity Corp is measured differently than its book value, which is the value of Ingevity that is recorded on the company's balance sheet. Investors also form their own opinion of Ingevity Corp's value that differs from its market value or its book value, called intrinsic value, which is Ingevity 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 Ingevity Corp's market value can be influenced by many factors that don't directly affect Ingevity 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 Ingevity Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ingevity Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ingevity 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.
Ingevity 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 Ingevity 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 Ingevity Corp.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Ingevity Corp on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ingevity Corp or generate 0.0% return on investment in Ingevity Corp over 30 days. Ingevity Corp is related to or competes with Cabot, Oil Dri, Orion Engineered, and Ecovyst. Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asi... More
Ingevity 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 Ingevity 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 Ingevity Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0685 | |||
| Maximum Drawdown | 11.32 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 5.4 |
Ingevity Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ingevity Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ingevity Corp's standard deviation. In reality, there are many statistical measures that can use Ingevity Corp historical prices to predict the future Ingevity Corp's volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 0.0429 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0806 | |||
| Treynor Ratio | 0.095 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ingevity 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.
Ingevity Corp Backtested Returns
We consider Ingevity Corp very steady. Ingevity Corp holds Efficiency (Sharpe) Ratio of 0.0633, which attests that the entity had a 0.0633% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ingevity Corp, which you can use to evaluate the volatility of the firm. Please check out Ingevity Corp's Risk Adjusted Performance of 0.0708, downside deviation of 2.23, and Market Risk Adjusted Performance of 0.105 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Ingevity Corp has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 2.73, 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, Ingevity Corp will likely underperform. Ingevity Corp right now retains a risk of 2.58%. Please check out Ingevity Corp sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Ingevity Corp will be following its current trending patterns.
Auto-correlation | 0.53 |
Modest predictability
Ingevity Corp has modest predictability. Overlapping area represents the amount of predictability between Ingevity Corp time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 Ingevity Corp price movement. The serial correlation of 0.53 indicates that about 53.0% of current Ingevity Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2.95 |
Ingevity Corp lagged returns against current returns
Autocorrelation, which is Ingevity 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 Ingevity Corp's stock expected returns. We can calculate the autocorrelation of Ingevity Corp returns to help us make a trade decision. For example, suppose you find that Ingevity 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 |
Ingevity 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 Ingevity Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ingevity Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ingevity Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Ingevity Corp Lagged Returns
When evaluating Ingevity Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ingevity Corp stock have on its future price. Ingevity 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, Ingevity Corp autocorrelation shows the relationship between Ingevity Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Ingevity Corp.
Regressed Prices |
| Timeline |
Ingevity Corp Investors Sentiment
The influence of Ingevity Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ingevity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Ingevity Corp's public news can be used to forecast risks associated with an investment in Ingevity. The trend in average sentiment can be used to explain how an investor holding Ingevity can time the market purely based on public headlines and social activities around Ingevity Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ingevity Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ingevity Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Ingevity Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ingevity Corp.
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 Ingevity 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, Ingevity Corp's short interest history, or implied volatility extrapolated from Ingevity Corp options trading.
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Try AI Portfolio ArchitectCheck out Ingevity Corp Correlation, Ingevity Corp Volatility and Ingevity Corp Alpha and Beta module to complement your research on Ingevity Corp. For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Ingevity Stock analysis
When running Ingevity Corp's price analysis, check to measure Ingevity 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 Ingevity Corp is operating at the current time. Most of Ingevity Corp's value examination focuses on studying past and present price action to predict the probability of Ingevity 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 Ingevity Corp's price. Additionally, you may evaluate how the addition of Ingevity Corp to your portfolios can decrease your overall portfolio volatility.
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Ingevity 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.