Inovalon Holdings Etf Market Value
| INOV Etf | USD 41.06 13.34 48.12% |
| Symbol | Inovalon |
The market value of Inovalon Holdings is measured differently than its book value, which is the value of Inovalon that is recorded on the company's balance sheet. Investors also form their own opinion of Inovalon Holdings' value that differs from its market value or its book value, called intrinsic value, which is Inovalon Holdings' 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 Inovalon Holdings' market value can be influenced by many factors that don't directly affect Inovalon Holdings' 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 Inovalon Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Inovalon Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inovalon Holdings' 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.
Inovalon Holdings '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 Inovalon Holdings' etf 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 Inovalon Holdings.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Inovalon Holdings on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Inovalon Holdings or generate 0.0% return on investment in Inovalon Holdings over 30 days. Inovalon Holdings is related to or competes with Humana, Amylyx Pharmaceuticals, Prime Medicine, and GRI Bio. Inovalon Holdings, Inc. provides cloud-based platforms for data-driven healthcare More
Inovalon Holdings 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 Inovalon Holdings' etf 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 Inovalon Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3607 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.6135 |
Inovalon Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inovalon Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inovalon Holdings' standard deviation. In reality, there are many statistical measures that can use Inovalon Holdings historical prices to predict the future Inovalon Holdings' volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0916 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inovalon Holdings' 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.
Inovalon Holdings Backtested Returns
We consider Inovalon Holdings very steady. Inovalon Holdings 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. We have found twenty-eight technical indicators for Inovalon Holdings, which you can use to evaluate the volatility of the entity. Please check out Inovalon Holdings' Market Risk Adjusted Performance of 0.1016, risk adjusted performance of 0.0867, and Downside Deviation of 0.3607 to validate if the risk estimate we provide is consistent with the expected return of 0.0389%. The etf retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inovalon Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Inovalon Holdings is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
Inovalon Holdings has below average predictability. Overlapping area represents the amount of predictability between Inovalon Holdings time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Inovalon Holdings price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Inovalon Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Inovalon Holdings lagged returns against current returns
Autocorrelation, which is Inovalon Holdings etf'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 Inovalon Holdings' etf expected returns. We can calculate the autocorrelation of Inovalon Holdings returns to help us make a trade decision. For example, suppose you find that Inovalon Holdings has exhibited high autocorrelation historically, and you observe that the etf 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 |
Inovalon Holdings 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 Inovalon Holdings etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inovalon Holdings etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inovalon Holdings etf over time.
Current vs Lagged Prices |
| Timeline |
Inovalon Holdings Lagged Returns
When evaluating Inovalon Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inovalon Holdings etf have on its future price. Inovalon Holdings 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, Inovalon Holdings autocorrelation shows the relationship between Inovalon Holdings etf current value and its past values and can show if there is a momentum factor associated with investing in Inovalon Holdings.
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 Inovalon Holdings 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, Inovalon Holdings' short interest history, or implied volatility extrapolated from Inovalon Holdings options trading.
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Try AI Portfolio ArchitectCheck out Inovalon Holdings Correlation, Inovalon Holdings Volatility and Inovalon Holdings Alpha and Beta module to complement your research on Inovalon Holdings. For more information on how to buy Inovalon Etf please use our How to Invest in Inovalon Holdings guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Inovalon Holdings technical etf 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, etf market cycles, or different charting patterns.