iSun Inc Market Value
| ISUNDelisted Stock | USD 0.08 0.01 11.64% |
| Symbol | ISun |
ISun '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 ISun'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 ISun.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in ISun on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding iSun Inc or generate 0.0% return on investment in ISun over 30 days. ISun is related to or competes with Polar Power, VivoPower International, Pioneer Power, Beam Global, and Aemetis. iSun, Inc. operates as a solar engineering, construction, and procurement contractor for commercial and industrial custo... More
ISun 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 ISun'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 iSun Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 104.38 | |||
| Value At Risk | (19.05) | |||
| Potential Upside | 14.29 |
ISun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISun's standard deviation. In reality, there are many statistical measures that can use ISun historical prices to predict the future ISun's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | 0.4318 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ISun'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.
iSun Inc Backtested Returns
iSun Inc holds Efficiency (Sharpe) Ratio of -0.0275, which attests that the entity had a -0.0275% return per unit of risk over the last 3 months. iSun Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISun's Market Risk Adjusted Performance of 0.4418, standard deviation of 15.38, and Risk Adjusted Performance of (0) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ISun are expected to decrease at a much lower rate. During the bear market, ISun is likely to outperform the market. iSun Inc has an expected return of -0.44%. Please make sure to check out ISun maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if iSun Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
iSun Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between ISun time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 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 iSun Inc price movement. The serial correlation of -0.11 indicates that less than 11.0% of current ISun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iSun Inc lagged returns against current returns
Autocorrelation, which is ISun 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 ISun's stock expected returns. We can calculate the autocorrelation of ISun returns to help us make a trade decision. For example, suppose you find that ISun 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 |
ISun 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 ISun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISun stock over time.
Current vs Lagged Prices |
| Timeline |
ISun Lagged Returns
When evaluating ISun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISun stock have on its future price. ISun 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, ISun autocorrelation shows the relationship between ISun stock current value and its past values and can show if there is a momentum factor associated with investing in iSun Inc.
Regressed Prices |
| Timeline |
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Other Consideration for investing in ISun Stock
If you are still planning to invest in iSun Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ISun's history and understand the potential risks before investing.
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