Idorsia (Switzerland) Market Value
| IDIA Stock | CHF 0.81 0.08 10.96% |
| Symbol | Idorsia |
Idorsia '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 Idorsia'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 Idorsia.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Idorsia on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Idorsia or generate 0.0% return on investment in Idorsia over 30 days. Idorsia is related to or competes with VAT Group, Lonza Group, Basilea Pharmaceutica, Straumann Holding, and Santhera Pharmaceuticals. Idorsia Ltd, a biopharmaceutical company, discovers, develops, and commercializes drugs for unmet medical needs More
Idorsia 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 Idorsia'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 Idorsia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 85.22 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 12.5 |
Idorsia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idorsia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Idorsia's standard deviation. In reality, there are many statistical measures that can use Idorsia historical prices to predict the future Idorsia's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.1693 |
Idorsia Backtested Returns
Idorsia holds Efficiency (Sharpe) Ratio of -0.0393, which attests that the entity had a -0.0393% return per unit of risk over the last 3 months. Idorsia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Idorsia's Risk Adjusted Performance of (0.01), market risk adjusted performance of 0.1793, and Standard Deviation of 9.94 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.4, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Idorsia are expected to decrease by larger amounts. On the other hand, during market turmoil, Idorsia is expected to outperform it. At this point, Idorsia has a negative expected return of -0.39%. Please make sure to check out Idorsia's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Idorsia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Idorsia has very good reverse predictability. Overlapping area represents the amount of predictability between Idorsia time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th of December 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 Idorsia price movement. The serial correlation of -0.66 indicates that around 66.0% of current Idorsia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Idorsia lagged returns against current returns
Autocorrelation, which is Idorsia 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 Idorsia's stock expected returns. We can calculate the autocorrelation of Idorsia returns to help us make a trade decision. For example, suppose you find that Idorsia 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 |
Idorsia 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 Idorsia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Idorsia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Idorsia stock over time.
Current vs Lagged Prices |
| Timeline |
Idorsia Lagged Returns
When evaluating Idorsia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Idorsia stock have on its future price. Idorsia 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, Idorsia autocorrelation shows the relationship between Idorsia stock current value and its past values and can show if there is a momentum factor associated with investing in Idorsia.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Idorsia Stock Analysis
When running Idorsia's price analysis, check to measure Idorsia'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 Idorsia is operating at the current time. Most of Idorsia's value examination focuses on studying past and present price action to predict the probability of Idorsia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Idorsia's price. Additionally, you may evaluate how the addition of Idorsia to your portfolios can decrease your overall portfolio volatility.