Intevac Story

<div class='circular--portrait' style='background:#9CBEFD;color: #ffffff;font-size:3em;'>IVA</div>
IVAC -- USA Stock  

USD 6.38  0.22  3.57%

It appears Intevac may not have a good chance to recover from the current slip as its shares fell again. Intevac's current daily volatility is 2.93 percent, with a beta of -0.45 and an alpha of 0.18 over DOW. As many millenniums are trying to avoid the current volatility, we are going to go over Intevac a little further to understand its historical price patterns. We will evaluate why we are still optimistic in anticipation of a recovery.
Published over a month ago
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Is Intevac (NASDAQ:IVAC) way too risky for millennials?
Intevac currently holds roughly 38.38 M in cash with 7.47 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.62. This firm currently holds 10.94 M in liabilities with Debt to Equity (D/E) ratio of 0.11, which may suggest Intevac is not taking enough advantage from borrowing. The company has a current ratio of 4.84, suggesting that it is liquid enough and is able to pay its financial obligations when due.
Investing in Intevac, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Intevac along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is Intevac's Liquidity

Intevac financial leverage refers to using borrowed capital as a funding source to finance Intevac ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Intevac 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 Intevac's total debt and its cash.

How Intevac utilizes its cash?

To perform a cash flow analysis of Intevac, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Intevac is receiving and how much cash it distributes out in a given period. The Intevac cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Intevac Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 3.78 Million

Intevac Correlation with Peers

Investors in Intevac can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Intevac. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Intevac and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Intevac is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Intevac for more details

Payment of 175 shares by Timothy Justyn of Intevac subject to Rule 16b-3

Legal trades by Intevac 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:
Intevac insider trading alert for payment of common stock by Timothy Justyn, EVP & General Manager, on 2nd of December 2020. This event was filed by Intevac Inc with SEC on 2020-12-02. Statement of changes in beneficial ownership - SEC Form 4. Timothy Justyn currently serves as executive vice president general manager - intevac photonics of Intevac [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.

Another angle On Intevac

Intevac holds Efficiency (Sharpe) Ratio of -0.0109, which attests that the entity had -0.0109% of return per unit of risk over the last month. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Intevac exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Intevac Market Risk Adjusted Performance of (0.29), risk adjusted performance of 0.0497, and Downside Deviation of 3.29 to validate the risk estimate we provide.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Intevac is projected to stay under $6.01 in November

Current value at risk is at -4.32. Intevac shows above-average downside volatility for the selected time horizon. We advise investors to inspect Intevac further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Intevac future alpha.

Our Final Takeaway

When is the right time to buy or sell Intevac? Buying stocks such as Intevac isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily bases. The inconsistency in the assessment between current Intevac valuation and our trade advice on Intevac is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Intevac.

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 Intevac. Please refer to our Terms of Use for any information regarding our disclosure principles.

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