Impax Environmental (UK) Market Value
| IEM Stock | 376.50 3.00 0.80% |
| Symbol | Impax |
Impax Environmental '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 Impax Environmental'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 Impax Environmental.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Impax Environmental on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Impax Environmental Markets or generate 0.0% return on investment in Impax Environmental over 720 days. Impax Environmental is related to or competes with Sabien Technology, Monks Investment, K3 Business, Ashtead Technology, Mercantile Investment, Spotify Technology, and Allianz Technology. Impax Environmental is entity of United Kingdom More
Impax Environmental 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 Impax Environmental'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 Impax Environmental Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.81 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.07 |
Impax Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Impax Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Impax Environmental's standard deviation. In reality, there are many statistical measures that can use Impax Environmental historical prices to predict the future Impax Environmental's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.76) |
Impax Environmental Backtested Returns
Impax Environmental holds Efficiency (Sharpe) Ratio of -0.0461, which attests that the entity had a -0.0461% return per unit of risk over the last 3 months. Impax Environmental exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Impax Environmental's Standard Deviation of 0.8054, market risk adjusted performance of (0.75), and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.084, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Impax Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Impax Environmental is expected to be smaller as well. At this point, Impax Environmental has a negative expected return of -0.0371%. Please make sure to check out Impax Environmental's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Impax Environmental performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Impax Environmental Markets has insignificant reverse predictability. Overlapping area represents the amount of predictability between Impax Environmental time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Impax Environmental price movement. The serial correlation of -0.19 indicates that over 19.0% of current Impax Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 63.39 |
Impax Environmental lagged returns against current returns
Autocorrelation, which is Impax Environmental 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 Impax Environmental's stock expected returns. We can calculate the autocorrelation of Impax Environmental returns to help us make a trade decision. For example, suppose you find that Impax Environmental 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 |
Impax Environmental 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 Impax Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Impax Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Impax Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Impax Environmental Lagged Returns
When evaluating Impax Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Impax Environmental stock have on its future price. Impax Environmental 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, Impax Environmental autocorrelation shows the relationship between Impax Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Impax Environmental Markets.
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.Other Information on Investing in Impax Stock
Impax Environmental financial ratios help investors to determine whether Impax Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Impax with respect to the benefits of owning Impax Environmental security.