Imax Corp Story

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IMAX -- USA Stock  

USD 21.75  0.59  2.79%

As many rational traders are trying to avoid communication services space, it makes sense to break down Imax Corp a little further and understand how it stands against Lions Gate and other similar entities. We are going to inspect some of the competitive aspects of both Imax Corp and Lions.
Published over a month ago
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What is our outlook on Imax Corp (NYSE:IMAX) and Lions (NYSE:LGF)?
By analyzing existing basic indicators between Imax Corp and Lions, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Lions with a short position in Imax Corp. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Imax Corp has an asset utilization ratio of 22.04 percent. This suggests that the company is making $0.22 for each dollar of assets. An increasing asset utilization means that Imax Corp is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Imax Corp or Lions is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is Imax Corp's Liquidity

Imax Corp financial leverage refers to using borrowed capital as a funding source to finance Imax Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Imax Corp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Imax Corp's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Imax Corp, but it might be worth checking our own buy vs. sell analysis

Correlation Between Imax Corp and Lions Gate Entertainment

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Imax Corp together with similar or unrelated positions with a negative correlation. For example, you can also add Lions Gate to your portfolio. If Lions Gate is not perfectly correlated to Imax Corp it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Imax Corp for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Please check pair correlation details between IMAX and LGF for more information.


Are you currently holding both Imax Corp and Lions Gate in your portfolio?
Please note if you are using this as a pair-trade strategy between Imax Corp and Lions Gate, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses.

Sale by Mark Welton of 5000 shares of Imax Corp

Legal trades by Imax Corp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Imax Corp insider trading alert for sale of common shares by Mark Welton, President IMAX Theatres, on 12th of March 2021. This event was filed by Imax Corp with SEC on 2021-03-12. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Will Imax Corp eventually start a turnaround?

The market risk adjusted performance is down to -0.46 as of today. Imax Corp currently demonstrates below-average downside deviation. It has Information Ratio of 0.22 and Jensen Alpha of 0.89. However, we advise investors to further question Imax Corp expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Imax Corp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Imax Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On Imax Corp

While some firms in the entertainment industry are either recovering or due for a correction, Imax Corp may not be as strong as the others in terms of longer-term growth potentials. In closing, as of the 6th of March 2021, our latest 30 days buy-hold-sell recommendation on the company is Hold. We believe Imax Corp is fairly valued with low odds of distress for the next two years.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Imax Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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