Integer Holdings Corp Stock Market Value
| ITGR Stock | USD 125.77 0.99 0.78% |
| Symbol | Integer |
Integer Holdings Corp Price To Book Ratio
Is Health Care Equipment & Supplies space 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 Integer Holdings. If investors know Integer 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 Integer Holdings 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 0.239 | Earnings Share 3.27 | Revenue Per Share 49.895 | Quarterly Revenue Growth 0.09 | Return On Assets 0.0431 |
The market value of Integer Holdings Corp is measured differently than its book value, which is the value of Integer that is recorded on the company's balance sheet. Investors also form their own opinion of Integer Holdings' value that differs from its market value or its book value, called intrinsic value, which is Integer Holdings' 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 Integer Holdings' market value can be influenced by many factors that don't directly affect Integer Holdings' 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 Integer Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Integer Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Integer Holdings' 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.
Integer Holdings '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 Integer Holdings' 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 Integer Holdings.
| 09/26/2024 |
| 10/26/2024 |
If you would invest 0.00 in Integer Holdings on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Integer Holdings Corp or generate 0.0% return on investment in Integer Holdings over 30 days. Integer Holdings is related to or competes with CONMED, LivaNova PLC, IRhythm Technologies, Pulmonx Corp, Iradimed, Orthofix Medical, and Neuropace. Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Cost... More
Integer Holdings 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 Integer Holdings' 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 Integer Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | 0.0356 | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.65 |
Integer Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integer Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integer Holdings' standard deviation. In reality, there are many statistical measures that can use Integer Holdings historical prices to predict the future Integer Holdings' volatility.| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.0584 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | 0.1349 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Integer Holdings' 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.
Integer Holdings Corp Backtested Returns
Currently, Integer Holdings Corp is very steady. Integer Holdings Corp holds Efficiency (Sharpe) Ratio of 0.0575, which attests that the entity had a 0.0575% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Integer Holdings Corp, which you can use to evaluate the volatility of the firm. Please check out Integer Holdings' Risk Adjusted Performance of 0.0753, market risk adjusted performance of 0.1449, and Downside Deviation of 1.62 to validate if the risk estimate we provide is consistent with the expected return of 0.0883%. Integer Holdings has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Integer Holdings returns are very sensitive to returns on the market. As the market goes up or down, Integer Holdings is expected to follow. Integer Holdings Corp right now retains a risk of 1.53%. Please check out Integer Holdings potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Integer Holdings will be following its current trending patterns.
Auto-correlation | -0.54 |
Good reverse predictability
Integer Holdings Corp has good reverse predictability. Overlapping area represents the amount of predictability between Integer Holdings time series from 26th of September 2024 to 11th of October 2024 and 11th of October 2024 to 26th of October 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 Integer Holdings Corp price movement. The serial correlation of -0.54 indicates that about 54.0% of current Integer Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 5.55 |
Integer Holdings Corp lagged returns against current returns
Autocorrelation, which is Integer Holdings 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 Integer Holdings' stock expected returns. We can calculate the autocorrelation of Integer Holdings returns to help us make a trade decision. For example, suppose you find that Integer Holdings 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 |
Integer Holdings 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 Integer Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integer Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Integer Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Integer Holdings Lagged Returns
When evaluating Integer Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integer Holdings stock have on its future price. Integer Holdings 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, Integer Holdings autocorrelation shows the relationship between Integer Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Integer Holdings Corp.
Regressed Prices |
| Timeline |
Pair Trading with Integer Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Integer Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Integer Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Integer Stock
Moving against Integer Stock
| 0.83 | DRMA | Dermata Therapeutics | PairCorr |
| 0.81 | ACON | Aclarion | PairCorr |
| 0.76 | AMN | AMN Healthcare Services | PairCorr |
| 0.61 | FORA | Forian Inc | PairCorr |
| 0.59 | ELEV | Elevation Oncology | PairCorr |
The ability to find closely correlated positions to Integer Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Integer Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Integer Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Integer Holdings Corp to buy it.
The correlation of Integer Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Integer Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Integer Holdings Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Integer Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Integer Stock Analysis
When running Integer Holdings' price analysis, check to measure Integer Holdings' 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 Integer Holdings is operating at the current time. Most of Integer Holdings' value examination focuses on studying past and present price action to predict the probability of Integer Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Integer Holdings' price. Additionally, you may evaluate how the addition of Integer Holdings to your portfolios can decrease your overall portfolio volatility.