Imunon Inc Stock Market Value
| IMNN Stock | USD 1.44 0.02 1.37% |
| Symbol | Imunon |
Imunon Inc Price To Book Ratio
Is Imunon's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Imunon. If investors know Imunon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Imunon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.00) | Revenue Per Share 0.014 | Return On Assets (0.45) | Return On Equity (1.07) |
The market value of Imunon Inc is measured differently than its book value, which is the value of Imunon that is recorded on the company's balance sheet. Investors also form their own opinion of Imunon's value that differs from its market value or its book value, called intrinsic value, which is Imunon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Imunon's market value can be influenced by many factors that don't directly affect Imunon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Imunon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imunon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imunon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Imunon '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 Imunon'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 Imunon.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Imunon on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Imunon Inc or generate 0.0% return on investment in Imunon over 90 days. Imunon is related to or competes with Exicure, Cyclacel Pharmaceuticals, DiaMedica Therapeutics, Senti Biosciences, SAB Biotherapeutics, Quoin Pharmaceuticals, and Cingulate. Imunon, Inc., a clinical stage biotechnology company, focuses on the development and commercialization of DNA-based immu... More
Imunon 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 Imunon'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 Imunon Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.52 | |||
| Information Ratio | 0.1034 | |||
| Maximum Drawdown | 50.57 | |||
| Value At Risk | (9.33) | |||
| Potential Upside | 17.27 |
Imunon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imunon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imunon's standard deviation. In reality, there are many statistical measures that can use Imunon historical prices to predict the future Imunon's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.8774 | |||
| Total Risk Alpha | 0.444 | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | 0.5647 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Imunon'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.
Imunon Inc Backtested Returns
Imunon appears to be very risky, given 3 months investment horizon. Imunon Inc holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. By evaluating Imunon's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize Imunon's Risk Adjusted Performance of 0.0771, market risk adjusted performance of 0.5747, and Downside Deviation of 7.52 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Imunon holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 1.66, 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, Imunon will likely underperform. Please check Imunon's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Imunon's current trending patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Imunon Inc has average predictability. Overlapping area represents the amount of predictability between Imunon time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd 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 Imunon Inc price movement. The serial correlation of 0.47 indicates that about 47.0% of current Imunon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Imunon Inc lagged returns against current returns
Autocorrelation, which is Imunon 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 Imunon's stock expected returns. We can calculate the autocorrelation of Imunon returns to help us make a trade decision. For example, suppose you find that Imunon 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 |
Imunon 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 Imunon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imunon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imunon stock over time.
Current vs Lagged Prices |
| Timeline |
Imunon Lagged Returns
When evaluating Imunon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imunon stock have on its future price. Imunon 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, Imunon autocorrelation shows the relationship between Imunon stock current value and its past values and can show if there is a momentum factor associated with investing in Imunon Inc.
Regressed Prices |
| Timeline |
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 Imunon Correlation, Imunon Volatility and Imunon Alpha and Beta module to complement your research on Imunon. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Imunon Stock analysis
When running Imunon's price analysis, check to measure Imunon'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 Imunon is operating at the current time. Most of Imunon's value examination focuses on studying past and present price action to predict the probability of Imunon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Imunon's price. Additionally, you may evaluate how the addition of Imunon to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |
Imunon technical 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, stock market cycles, or different charting patterns.