Impinj (Germany) Market Value
| 27J Stock | 177.40 6.35 3.46% |
| Symbol | Impinj |
Impinj '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 Impinj's 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 Impinj.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Impinj on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Impinj Inc or generate 0.0% return on investment in Impinj over 690 days. Impinj is related to or competes with Jacquet Metal, LION ONE, Norwegian Air, AIR LIQUIDE, and Enter Air. More
Impinj 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 Impinj's 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 Impinj Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.33 | |||
| Information Ratio | 0.0797 | |||
| Maximum Drawdown | 20.23 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 4.43 |
Impinj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Impinj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Impinj's standard deviation. In reality, there are many statistical measures that can use Impinj historical prices to predict the future Impinj's volatility.| Risk Adjusted Performance | 0.0997 | |||
| Jensen Alpha | 0.2723 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0738 | |||
| Treynor Ratio | 0.4689 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Impinj'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.
Impinj Inc Backtested Returns
Impinj appears to be very steady, given 3 months investment horizon. Impinj Inc holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Impinj Inc, which you can use to evaluate the volatility of the firm. Please utilize Impinj's Market Risk Adjusted Performance of 0.4789, downside deviation of 3.33, and Risk Adjusted Performance of 0.0997 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Impinj holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Impinj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Impinj is expected to be smaller as well. Please check Impinj's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Impinj's current trending patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Impinj Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Impinj time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Impinj Inc price movement. The serial correlation of -0.78 indicates that around 78.0% of current Impinj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1309.76 |
Impinj Inc lagged returns against current returns
Autocorrelation, which is Impinj 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 Impinj's stock expected returns. We can calculate the autocorrelation of Impinj returns to help us make a trade decision. For example, suppose you find that Impinj 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 |
Impinj 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 Impinj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Impinj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Impinj stock over time.
Current vs Lagged Prices |
| Timeline |
Impinj Lagged Returns
When evaluating Impinj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Impinj stock have on its future price. Impinj 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, Impinj autocorrelation shows the relationship between Impinj stock current value and its past values and can show if there is a momentum factor associated with investing in Impinj Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Impinj Stock Analysis
When running Impinj's price analysis, check to measure Impinj'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 Impinj is operating at the current time. Most of Impinj's value examination focuses on studying past and present price action to predict the probability of Impinj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Impinj's price. Additionally, you may evaluate how the addition of Impinj to your portfolios can decrease your overall portfolio volatility.