Inseego Corp Stock Market Value
| INSG Stock | USD 3.23 0.18 5.90% |
| Symbol | Inseego |
Inseego Corp Price To Book Ratio
Is Inseego Corp'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 Inseego Corp. If investors know Inseego 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 Inseego Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.32) | Revenue Per Share 17.208 | Quarterly Revenue Growth (0.19) | Return On Assets (0.14) | Return On Equity (8.35) |
The market value of Inseego Corp is measured differently than its book value, which is the value of Inseego that is recorded on the company's balance sheet. Investors also form their own opinion of Inseego Corp's value that differs from its market value or its book value, called intrinsic value, which is Inseego Corp'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 Inseego Corp's market value can be influenced by many factors that don't directly affect Inseego Corp'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 Inseego Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inseego Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inseego Corp'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.
Inseego Corp '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 Inseego Corp'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 Inseego Corp.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Inseego Corp on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Inseego Corp or generate 0.0% return on investment in Inseego Corp over 30 days. Inseego Corp is related to or competes with Optical Cable, Knowles Cor, Mynaric AG, Ituran Location, Telesat Corp, and Digi International. Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Thing... More
Inseego Corp 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 Inseego Corp'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 Inseego Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.65 | |||
| Information Ratio | 0.1181 | |||
| Maximum Drawdown | 46.57 | |||
| Value At Risk | (10.25) | |||
| Potential Upside | 23.97 |
Inseego Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inseego Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inseego Corp's standard deviation. In reality, there are many statistical measures that can use Inseego Corp historical prices to predict the future Inseego Corp's volatility.| Risk Adjusted Performance | 0.0893 | |||
| Jensen Alpha | 0.9162 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1664 | |||
| Treynor Ratio | 0.3688 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inseego Corp'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.
Inseego Corp Backtested Returns
Inseego Corp is extremely dangerous given 3 months investment horizon. Inseego Corp holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We are able to interpolate and collect thirty different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Inseego Corp Market Risk Adjusted Performance of 0.3788, downside deviation of 6.65, and Risk Adjusted Performance of 0.0893 to evaluate company specific risk that cannot be diversified away. Inseego Corp holds a performance score of 9 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.23, 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, Inseego Corp will likely underperform. Use Inseego Corp skewness, and the relationship between the value at risk and day median price , to analyze future returns on Inseego Corp.
Auto-correlation | -0.5 |
Modest reverse predictability
Inseego Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Inseego Corp time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Inseego Corp price movement. The serial correlation of -0.5 indicates that about 50.0% of current Inseego Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Inseego Corp lagged returns against current returns
Autocorrelation, which is Inseego Corp 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 Inseego Corp's stock expected returns. We can calculate the autocorrelation of Inseego Corp returns to help us make a trade decision. For example, suppose you find that Inseego Corp 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 |
Inseego Corp 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 Inseego Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inseego Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inseego Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Inseego Corp Lagged Returns
When evaluating Inseego Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inseego Corp stock have on its future price. Inseego Corp 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, Inseego Corp autocorrelation shows the relationship between Inseego Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Inseego Corp.
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 Inseego Corp 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, Inseego Corp's short interest history, or implied volatility extrapolated from Inseego Corp options trading.
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Complementary Tools for Inseego Stock analysis
When running Inseego Corp's price analysis, check to measure Inseego Corp'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 Inseego Corp is operating at the current time. Most of Inseego Corp's value examination focuses on studying past and present price action to predict the probability of Inseego Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inseego Corp's price. Additionally, you may evaluate how the addition of Inseego Corp to your portfolios can decrease your overall portfolio volatility.
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Inseego Corp 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.