Immofonds (Switzerland) Market Value
| IM Stock | CHF 554.00 2.00 0.36% |
| Symbol | Immofonds |
Please note, there is a significant difference between Immofonds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Immofonds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immofonds' 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.
Immofonds '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 Immofonds' 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 Immofonds.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Immofonds on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Immofonds or generate 0.0% return on investment in Immofonds over 30 days. Immofonds is related to or competes with Santhera Pharmaceuticals, Newron Pharmaceuticals, Basilea Pharmaceutica, Evolva Holding, and COSMO Pharmaceuticals. More
Immofonds 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 Immofonds' 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 Immofonds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9079 | |||
| Information Ratio | 0.0065 | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.43 |
Immofonds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immofonds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immofonds' standard deviation. In reality, there are many statistical measures that can use Immofonds historical prices to predict the future Immofonds' volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.0523 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0059 | |||
| Treynor Ratio | 1.09 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Immofonds' 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.
Immofonds Backtested Returns
We consider Immofonds very steady. Immofonds holds Efficiency (Sharpe) Ratio of 0.0326, which attests that the entity had a 0.0326% return per unit of risk over the last 3 months. We have found thirty technical indicators for Immofonds, which you can use to evaluate the volatility of the firm. Please check out Immofonds' Market Risk Adjusted Performance of 1.1, risk adjusted performance of 0.0527, and Downside Deviation of 0.9079 to validate if the risk estimate we provide is consistent with the expected return of 0.0273%. Immofonds has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0502, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Immofonds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Immofonds is expected to be smaller as well. Immofonds right now retains a risk of 0.84%. Please check out Immofonds semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Immofonds will be following its current trending patterns.
Auto-correlation | 0.36 |
Below average predictability
Immofonds has below average predictability. Overlapping area represents the amount of predictability between Immofonds time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 Immofonds price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Immofonds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 23.04 |
Immofonds lagged returns against current returns
Autocorrelation, which is Immofonds 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 Immofonds' stock expected returns. We can calculate the autocorrelation of Immofonds returns to help us make a trade decision. For example, suppose you find that Immofonds 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 |
Immofonds 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 Immofonds stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immofonds stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immofonds stock over time.
Current vs Lagged Prices |
| Timeline |
Immofonds Lagged Returns
When evaluating Immofonds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immofonds stock have on its future price. Immofonds 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, Immofonds autocorrelation shows the relationship between Immofonds stock current value and its past values and can show if there is a momentum factor associated with investing in Immofonds.
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 Immofonds 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, Immofonds' short interest history, or implied volatility extrapolated from Immofonds options trading.
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Complementary Tools for Immofonds Stock analysis
When running Immofonds' price analysis, check to measure Immofonds' 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 Immofonds is operating at the current time. Most of Immofonds' value examination focuses on studying past and present price action to predict the probability of Immofonds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Immofonds' price. Additionally, you may evaluate how the addition of Immofonds to your portfolios can decrease your overall portfolio volatility.
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Immofonds 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.