International Display Advertising Stock Market Value
IRME Stock | USD 0.95 0.02 2.06% |
Symbol | International |
International Display '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 International Display's otc 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 International Display.
01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in International Display on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding International Display Advertising or generate 0.0% return on investment in International Display over 90 days. International Display is related to or competes with Medtronic PLC, CONMED, Glaukos Corp, Integer Holdings, Orthopediatrics Corp, LivaNova PLC, and Paragon 28. IR-Med Inc., a development stage medical device company, focuses on the development of infra-red light spectroscopy comb... More
International Display 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 International Display's otc 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 International Display Advertising upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 11.25 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 54.02 | |||
Value At Risk | (12.12) | |||
Potential Upside | 10.74 |
International Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Display's standard deviation. In reality, there are many statistical measures that can use International Display historical prices to predict the future International Display's volatility.Risk Adjusted Performance | 0.0111 | |||
Jensen Alpha | 0.0572 | |||
Total Risk Alpha | (1.04) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Display'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.
International Display Backtested Returns
We consider International Display abnormally volatile. International Display holds Efficiency (Sharpe) Ratio of 0.0175, which attests that the entity had a 0.0175% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Display, which you can use to evaluate the volatility of the firm. Please check out International Display's Risk Adjusted Performance of 0.0111, downside deviation of 11.25, and Market Risk Adjusted Performance of (0.02) to validate if the risk estimate we provide is consistent with the expected return of 0.14%. International Display has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning International Display are expected to decrease at a much lower rate. During the bear market, International Display is likely to outperform the market. International Display right now retains a risk of 7.92%. Please check out International Display value at risk and the relationship between the expected short fall and period momentum indicator , to decide if International Display will be following its current trending patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
International Display Advertising has poor reverse predictability. Overlapping area represents the amount of predictability between International Display time series from 26th of January 2024 to 11th of March 2024 and 11th of March 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 International Display price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current International Display price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.35 | |
Spearman Rank Test | -0.56 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
International Display lagged returns against current returns
Autocorrelation, which is International Display otc 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 International Display's otc stock expected returns. We can calculate the autocorrelation of International Display returns to help us make a trade decision. For example, suppose you find that International Display has exhibited high autocorrelation historically, and you observe that the otc 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 |
International Display 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 International Display otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Display otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Display otc stock over time.
Current vs Lagged Prices |
Timeline |
International Display Lagged Returns
When evaluating International Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Display otc stock have on its future price. International Display 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, International Display autocorrelation shows the relationship between International Display otc stock current value and its past values and can show if there is a momentum factor associated with investing in International Display Advertising.
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 International Display 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, International Display's short interest history, or implied volatility extrapolated from International Display options trading.
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 International Display Correlation, International Display Volatility and International Display Alpha and Beta module to complement your research on International Display. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for International OTC Stock analysis
When running International Display's price analysis, check to measure International Display'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 International Display is operating at the current time. Most of International Display's value examination focuses on studying past and present price action to predict the probability of International Display's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Display's price. Additionally, you may evaluate how the addition of International Display to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |
International Display technical otc 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, otc market cycles, or different charting patterns.