Indigo Books Music Stock Price on February 14, 2024
| IDGBF Stock | USD 1.81 0.03 1.69% |
If you're considering investing in Indigo Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Indigo Books stands at 1.81, as last reported on the 5th of May, with the highest price reaching 1.81 and the lowest price hitting 1.81 during the day. Indigo Books appears to be risky, given 3 months investment horizon. Indigo Books Music holds Efficiency (Sharpe) Ratio of 0.0978, which attests that the entity had a 0.0978% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Indigo Books Music, which you can use to evaluate the volatility of the firm. Please utilize Indigo Books' Market Risk Adjusted Performance of (0.43), coefficient of variation of 704.44, and Risk Adjusted Performance of 0.0986 to validate if our risk estimates are consistent with your expectations.
Indigo Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Indigo |
Sharpe Ratio = 0.0978
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Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Indigo Books is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Indigo Books by adding it to a well-diversified portfolio.
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Indigo Books Valuation on February 14, 2024
It is possible to determine the worth of Indigo Books on a given historical date. On February 14, 2024 Indigo was worth 1.54 at the beginning of the trading date compared to the closed value of 1.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Indigo Books pink sheet. Still, in general, we apply an absolute valuation method to find Indigo Books' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Indigo Books where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Indigo Books' related companies.
| Open | High | Low | Close | Volume | |
| 1.54 | 1.54 | 1.54 | 1.54 | 1.00 | |
02/14/2024 | 1.54 | 1.54 | 1.54 | 1.54 | 1.00 |
| 1.51 | 1.51 | 1.50 | 1.50 | 5,000 |
| Backtest Indigo Books | | | Indigo Books History | | | Indigo Books Valuation | Previous | Next |
Indigo Books Trading Date Momentum on February 14, 2024
| On February 15 2024 Indigo Books Music was traded for 1.50 at the closing time. The highest daily price throughout the period was 1.51 and the lowest price was 1.50 . The daily volume was 5 K. The net trading volume on 02/15/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 2.60% . The trading delta at closing time to current closing price is 2.60% . |
Indigo Books Music Fundamentals Correlations and Trends
By evaluating Indigo Books' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Indigo Books' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Indigo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Indigo Books Pink Sheet history
Indigo Books investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Indigo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Indigo Books Music will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Indigo Books stock prices may prove useful in developing a viable investing in Indigo Books
Indigo Books Music Inc., together with its subsidiaries, operates as a book and lifestyle retailer in Canada and the United States. Indigo Books Music Inc. was founded in 1940 and is headquartered in Toronto, Canada. Indigo Books operates under Specialty Retail classification in the United States and is traded on OTC Exchange. It employs 5000 people.
Indigo Books Pink Sheet Technical Analysis
Indigo Books technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Indigo Books Period Price Range
Low | February 14, 2024
| High |
1.54 | 1.54 |
Indigo Books May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Indigo Books pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Indigo Books shares will generate the highest return on investment. By undertsting and applying Indigo Books pink sheet market strength indicators, traders can identify Indigo Books Music entry and exit signals to maximize returns
Indigo Books Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Indigo Books' price direction in advance. Along with the technical and fundamental analysis of Indigo Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Indigo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.9835 | |||
| Total Risk Alpha | 0.1839 | |||
| Sortino Ratio | 0.4009 | |||
| Treynor Ratio | (0.44) |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indigo Books Music. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Indigo Books Music information on this page should be used as a complementary analysis to other Indigo Books' 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Indigo Pink Sheet analysis
When running Indigo Books' price analysis, check to measure Indigo Books' 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 Indigo Books is operating at the current time. Most of Indigo Books' value examination focuses on studying past and present price action to predict the probability of Indigo Books' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indigo Books' price. Additionally, you may evaluate how the addition of Indigo Books to your portfolios can decrease your overall portfolio volatility.
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