Innovage Holding Corp Stock Technical Analysis
| INNV Stock | USD 4.00 0.09 2.20% |
As of the 18th of April 2024, InnovAge Holding retains the Risk Adjusted Performance of (0.07), market risk adjusted performance of (0.18), and Standard Deviation of 4.14. InnovAge Holding technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for InnovAge Holding Corp, which can be compared to its competitors. Please check out InnovAge Holding Corp variance and skewness to decide if InnovAge Holding is priced fairly, providing market reflects its last-minute price of 4.0 per share. Given that InnovAge Holding Corp has information ratio of (0.13), we strongly advise you to confirm InnovAge Holding Corp's regular market performance to make sure the company can sustain itself at a future point.
InnovAge Holding Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as InnovAge, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to InnovAgeInnovAge |
InnovAge Holding Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 7.5 | Hold | 4 | Odds |
Most InnovAge analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand InnovAge stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of InnovAge Holding Corp, talking to its executives and customers, or listening to InnovAge conference calls.
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.
InnovAge Holding Corp Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of InnovAge Holding Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
InnovAge Holding Corp Trend Analysis
Use this graph to draw trend lines for InnovAge Holding Corp. You can use it to identify possible trend reversals for InnovAge Holding as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual InnovAge Holding price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.InnovAge Holding Best Fit Change Line
The following chart estimates an ordinary least squares regression model for InnovAge Holding Corp applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that InnovAge Holding Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 32.79, which is the sum of squared deviations for the predicted InnovAge Holding price change compared to its average price change.About InnovAge Holding Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of InnovAge Holding Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of InnovAge Holding Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on InnovAge Holding Corp price pattern first instead of the macroeconomic environment surrounding InnovAge Holding Corp. By analyzing InnovAge Holding's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of InnovAge Holding's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to InnovAge Holding specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.003783 | 0.003594 | Price To Sales Ratio | 1.7 | 1.61 |
InnovAge Holding April 18, 2024 Technical Indicators
Most technical analysis of InnovAge help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for InnovAge from various momentum indicators to cycle indicators. When you analyze InnovAge charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 3.12 | |||
| Coefficient Of Variation | (850.22) | |||
| Standard Deviation | 4.14 | |||
| Variance | 17.11 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.19) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (8.20) | |||
| Potential Upside | 6.98 | |||
| Skewness | (0.17) | |||
| Kurtosis | 0.5049 |
InnovAge Holding April 18, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as InnovAge stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 1,175 | ||
| Daily Balance Of Power | (0.32) | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 4.12 | ||
| Day Typical Price | 4.08 | ||
| Price Action Indicator | (0.16) |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnovAge Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.
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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 (0.88) | Earnings Share (0.23) | Revenue Per Share 5.311 | Quarterly Revenue Growth 0.128 | Return On Assets (0.04) |
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.