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INGEN TECHNOLOGIES Backtesting

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IGNT -- USA Stock  

USD 0.0001  0.0001  50.00%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of INGEN TECHNOLOGIES INC and determine expected loss or profit from investing in INGEN TECHNOLOGIES over given investment horizon. Please see INGEN TECHNOLOGIES Hype Analysis, INGEN TECHNOLOGIES Correlation, INGEN TECHNOLOGIES Valuation, INGEN TECHNOLOGIES Volatility as well as analyze INGEN TECHNOLOGIES Alpha and Beta and INGEN TECHNOLOGIES Performance.
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Backtest

INGEN TECHNOLOGIES 'What if' Analysis

November 22, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
February 20, 2020
0.00
If you would invest  0.00  in INGEN TECHNOLOGIES on November 22, 2019 and sell it all today you would earn a total of 0.00 from holding INGEN TECHNOLOGIES INC or generate 0.0% return on investment in INGEN TECHNOLOGIES over 90 days. INGEN TECHNOLOGIES is related to or competes with Align Technology, Smith Nephew, Medtronic Plc, Insulet, Abbott Laboratories, Boston Scientific, and Edwards Lifesciences. Ingen Technologies, Inc., a medical device manufacturing company, manufactures medical products for the respiratory indu...

INGEN TECHNOLOGIES Upside/Downside Indicators

Downside Deviation43.76
Information Ratio0.1805
Maximum Drawdown266.67
Value At Risk(50.00)
Potential Upside100.0

INGEN TECHNOLOGIES Market Premium Indicators

Risk Adjusted Performance0.1524
Jensen Alpha8.09
Total Risk Alpha3.54
Sortino Ratio0.1723
Treynor Ratio(1.23)

INGEN TECHNOLOGIES INC Backtested Returns

INGEN TECHNOLOGIES is out of control given 3 months investment horizon. INGEN TECHNOLOGIES INC holds Efficiency (Sharpe) Ratio of 0.1687 which attests that the entity had 0.1687% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a stock is to use INGEN TECHNOLOGIES INC market data together with company specific technical indicators. We found twenty-six different technical indicators which can help you to evaluate if expected returns of 7.43% are justified by taking the suggested risk. Use INGEN TECHNOLOGIES INC Market Risk Adjusted Performance of (1.22), Semi Deviation of 18.99 and Risk Adjusted Performance of 0.1524 to evaluate company specific risk that cannot be diversified away. INGEN TECHNOLOGIES holds performance score of 11 on a scale of zero to a hundred. The company retains Market Volatility (i.e. Beta) of -6.1979 which attests that as returns on market increase, returns on owning INGEN TECHNOLOGIES are expected to decrease by larger amounts. On the other hand, during market turmoil, INGEN TECHNOLOGIES is expected to significantly outperform it. Although it is essential to pay attention to INGEN TECHNOLOGIES INC current price history, it is also good to be reasonable about what you can actually do with equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if INGEN TECHNOLOGIES INC expected return of 7.43 will be sustainable into the future, we have found twenty-six different technical indicators which can help you to check if the expected returns are sustainable. Use INGEN TECHNOLOGIES INC Total Risk Alpha and the relationship between Potential Upside and Price Action Indicator to analyze future returns on INGEN TECHNOLOGIES INC.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.36) 
correlation synergy

Poor reverse predictability

INGEN TECHNOLOGIES INC has poor reverse predictability. Overlapping area represents the amount of predictability between INGEN TECHNOLOGIES time series from November 22, 2019 to January 6, 2020 and January 6, 2020 to February 20, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of INGEN TECHNOLOGIES INC price movement. The serial correlation of -0.36 indicates that just about 36.0% of current INGEN TECHNOLOGIES price fluctuation can be explain by its past prices. Given that INGEN TECHNOLOGIES INC has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of INGEN TECHNOLOGIES for similar time interval.
Correlation Coefficient-0.36
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.0

INGEN TECHNOLOGIES INC lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

INGEN TECHNOLOGIES regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

INGEN TECHNOLOGIES Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - IGNT

INGEN TECHNOLOGIES INC Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in INGEN TECHNOLOGIES INC. What is your judgment towards investing in INGEN TECHNOLOGIES INC? Are you bullish or bearish?
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Please see INGEN TECHNOLOGIES Hype Analysis, INGEN TECHNOLOGIES Correlation, INGEN TECHNOLOGIES Valuation, INGEN TECHNOLOGIES Volatility as well as analyze INGEN TECHNOLOGIES Alpha and Beta and INGEN TECHNOLOGIES Performance. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.