InnovAge Holding's market value is the price at which a share of InnovAge Holding stock trades on a public exchange. It measures the collective expectations of InnovAge Holding Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of InnovAge Holding Corp and determine expected loss or profit from investing in InnovAge Holding over a given investment horizon. Check out InnovAge Holding Correlation, InnovAge Holding Volatility and InnovAge Holding Alpha and Beta module to complement your research on InnovAge Holding.
InnovAge Holding Corp Valuation
Is InnovAge Holding'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 InnovAge Holding. If investors know InnovAge 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 InnovAge Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
The market value of InnovAge Holding Corp is measured differently than its book value, which is the value of InnovAge that is recorded on the company's balance sheet. Investors also form their own opinion of InnovAge Holding's value that differs from its market value or its book value, called intrinsic value, which is InnovAge Holding'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 InnovAge Holding's market value can be influenced by many factors that don't directly affect InnovAge Holding'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 InnovAge Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if InnovAge Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InnovAge Holding'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.
InnovAge Holding '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 InnovAge Holding'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 InnovAge Holding.
No Change 0.00
In 30 days
If you would invest 0.00 in InnovAge Holding on January 23, 2024 and sell it all today you would earn a total of 0.00 from holding InnovAge Holding Corp or generate 0.0% return on investment in InnovAge Holding over 30 days. InnovAge Holding is related to or competes with Mednax, Enhabit, Ensign, Agilon Health, Aesthetic Medical, AMN Healthcare, and Concord Medical. InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and su... More
InnovAge Holding 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 InnovAge Holding'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 InnovAge Holding Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for InnovAge Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InnovAge Holding's standard deviation. In reality, there are many statistical measures that can use InnovAge Holding historical prices to predict the future InnovAge Holding's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of InnovAge Holding'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. Please use the tools below to analyze the current value of InnovAge Holding in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as InnovAge Holding. Your research has to be compared to or analyzed against InnovAge Holding's peers to derive any actionable benefits. When done correctly, InnovAge Holding's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in InnovAge Holding Corp.
InnovAge Holding Corp Backtested Returns
InnovAge Holding Corp holds Efficiency (Sharpe) Ratio of -0.0425, which attests that the entity had -0.0425% return per unit of risk over the last 3 months. Our 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. InnovAge Holding Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out InnovAge Holding's Standard Deviation of 4.12, risk adjusted performance of (0.0005), and Market Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.25, 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, InnovAge Holding will likely underperform. Even though it is essential to pay attention to InnovAge Holding Corp current price history, it is always good to be careful when utilizing equity current price movements. InnovAge Holding Corp has an expected return of -0.17%. Please make sure to check out InnovAge Holding jensen alpha, skewness, as well as the relationship between the Skewness and day typical price to decide if InnovAge Holding Corp performance from the past will be repeated at some point in the near future.
Virtually no predictability
InnovAge Holding Corp has virtually no predictability. Overlapping area represents the amount of predictability between InnovAge Holding time series from 23rd of January 2024 to 7th of February 2024 and 7th of February 2024 to 22nd of February 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 InnovAge Holding Corp price movement. The serial correlation of 0.06 indicates that barely 6.0% of current InnovAge Holding price fluctuation can be explain by its past prices.
Spearman Rank Test
InnovAge Holding Corp lagged returns against current returns
Autocorrelation, which is InnovAge Holding 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 InnovAge Holding's stock expected returns. We can calculate the autocorrelation of InnovAge Holding returns to help us make a trade decision. For example, suppose you find that InnovAge Holding stock 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 stock movement to match the lagging time series.
Current and Lagged Values
InnovAge Holding 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 InnovAge Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InnovAge Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InnovAge Holding stock over time.
Current vs Lagged Prices
InnovAge Holding Lagged Returns
When evaluating InnovAge Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InnovAge Holding stock have on its future price. InnovAge Holding 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, InnovAge Holding autocorrelation shows the relationship between InnovAge Holding stock current value and its past values and can show if there is a momentum factor associated with investing in InnovAge Holding Corp.
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When determining whether InnovAge Holding Corp is a strong investment it is important to analyze InnovAge Holding's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact InnovAge Holding's future performance. For an informed investment choice regarding InnovAge Stock, refer to the following important reports:
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for InnovAge Stock analysis
When running InnovAge Holding's price analysis, check to measure InnovAge Holding'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 InnovAge Holding is operating at the current time. Most of InnovAge Holding's value examination focuses on studying past and present price action to predict the probability of InnovAge Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InnovAge Holding's price. Additionally, you may evaluate how the addition of InnovAge Holding to your portfolios can decrease your overall portfolio volatility.
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
InnovAge Holding 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.
A focus of InnovAge Holding technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of InnovAge Holding trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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