Identa Corp Stock Market Value
| IDTA Stock | USD 0.20 0.00 0.00% |
| Symbol | Identa |
Identa 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 Identa Corp's otc 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 Identa Corp.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Identa Corp on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Identa Corp or generate 0.0% return on investment in Identa Corp over 360 days. Identa Corp is related to or competes with Neuronetics, Intelligent Bio, BiodesixInc, Precipio, ProPhase Labs, BioAffinity Technologies, and RadNet. IDenta Corp. develops, manufactures, and supplies field detection and home diagnostics testing kits for narcotics and ex... More
Identa 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 Identa Corp's otc 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 Identa Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0881 | |||
| Maximum Drawdown | 100.0 |
Identa Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Identa Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Identa Corp's standard deviation. In reality, there are many statistical measures that can use Identa Corp historical prices to predict the future Identa Corp's volatility.| Risk Adjusted Performance | 0.0672 | |||
| Jensen Alpha | 0.9931 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.3177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Identa 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.
Identa Corp Backtested Returns
Identa Corp is out of control given 3 months investment horizon. Identa Corp holds Efficiency (Sharpe) Ratio of 0.0786, which attests that the entity had a 0.0786% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for seventeen different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Identa Corp Market Risk Adjusted Performance of 0.3277, standard deviation of 13.16, and Risk Adjusted Performance of 0.0672 to evaluate company specific risk that cannot be diversified away. Identa Corp holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.83, 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, Identa Corp will likely underperform. Use Identa Corp variance and the relationship between the maximum drawdown and relative strength index , to analyze future returns on Identa Corp.
Auto-correlation | 0.09 |
Virtually no predictability
Identa Corp has virtually no predictability. Overlapping area represents the amount of predictability between Identa Corp time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th 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 Identa Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Identa Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Identa Corp lagged returns against current returns
Autocorrelation, which is Identa Corp otc 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 Identa Corp's otc stock expected returns. We can calculate the autocorrelation of Identa Corp returns to help us make a trade decision. For example, suppose you find that Identa Corp has exhibited high autocorrelation historically, and you observe that the otc 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 |
Identa 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 Identa Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Identa Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Identa Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Identa Corp Lagged Returns
When evaluating Identa Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Identa Corp otc stock have on its future price. Identa 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, Identa Corp autocorrelation shows the relationship between Identa Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Identa 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 Identa 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, Identa Corp's short interest history, or implied volatility extrapolated from Identa Corp options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Identa Corp Correlation, Identa Corp Volatility and Identa Corp Alpha and Beta module to complement your research on Identa Corp. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Identa OTC Stock analysis
When running Identa Corp's price analysis, check to measure Identa 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 Identa Corp is operating at the current time. Most of Identa Corp's value examination focuses on studying past and present price action to predict the probability of Identa 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 Identa Corp's price. Additionally, you may evaluate how the addition of Identa Corp to your portfolios can decrease your overall portfolio volatility.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Identa Corp technical otc 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, otc market cycles, or different charting patterns.