Inspira Technologies Oxy Stock Market Value
| IINN Stock | USD 1.34 0.03 2.19% |
| Symbol | Inspira |
Inspira Technologies Oxy 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 Inspira Technologies. If investors know Inspira 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 Inspira Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.78) | Return On Assets (0.60) | Return On Equity (1.17) |
The market value of Inspira Technologies Oxy is measured differently than its book value, which is the value of Inspira that is recorded on the company's balance sheet. Investors also form their own opinion of Inspira Technologies' value that differs from its market value or its book value, called intrinsic value, which is Inspira Technologies' 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 Inspira Technologies' market value can be influenced by many factors that don't directly affect Inspira Technologies' 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 Inspira Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspira Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspira Technologies' 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.
Inspira Technologies '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 Inspira Technologies' 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 Inspira Technologies.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Inspira Technologies on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Inspira Technologies Oxy or generate 0.0% return on investment in Inspira Technologies over 720 days. Inspira Technologies is related to or competes with Baxter International, West Pharmaceutical, ResMed, ICU Medical, and AptarGroup. Ltd., a specialty medical device company, engages in the research, development, manufacture, and marketing of respirator... More
Inspira Technologies 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 Inspira Technologies' 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 Inspira Technologies Oxy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0896 | |||
| Maximum Drawdown | 15.46 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 5.43 |
Inspira Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspira Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspira Technologies' standard deviation. In reality, there are many statistical measures that can use Inspira Technologies historical prices to predict the future Inspira Technologies' volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.2649 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1001 | |||
| Treynor Ratio | 0.4039 |
Inspira Technologies Oxy Backtested Returns
Inspira Technologies appears to be relatively risky, given 3 months investment horizon. Inspira Technologies Oxy holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Inspira Technologies Oxy, which you can use to evaluate the volatility of the firm. Please utilize Inspira Technologies' Risk Adjusted Performance of 0.1063, market risk adjusted performance of 0.4139, and Downside Deviation of 2.52 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inspira Technologies holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.88, which attests to possible diversification benefits within a given portfolio. Inspira Technologies returns are very sensitive to returns on the market. As the market goes up or down, Inspira Technologies is expected to follow. Please check Inspira Technologies' day median price, relative strength index, as well as the relationship between the skewness and value at risk , to make a quick decision on whether Inspira Technologies' current trending patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Inspira Technologies Oxy has very weak reverse predictability. Overlapping area represents the amount of predictability between Inspira Technologies time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Inspira Technologies Oxy price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Inspira Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Inspira Technologies Oxy lagged returns against current returns
Autocorrelation, which is Inspira Technologies 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 Inspira Technologies' stock expected returns. We can calculate the autocorrelation of Inspira Technologies returns to help us make a trade decision. For example, suppose you find that Inspira Technologies 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 |
Inspira Technologies 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 Inspira Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspira Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspira Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Inspira Technologies Lagged Returns
When evaluating Inspira Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspira Technologies stock have on its future price. Inspira Technologies 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, Inspira Technologies autocorrelation shows the relationship between Inspira Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Inspira Technologies Oxy.
Regressed Prices |
| Timeline |
Pair Trading with Inspira Technologies
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 Inspira Technologies 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 Inspira Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Inspira Stock
| 0.73 | EDAP | EDAP TMS SA | PairCorr |
| 0.67 | ELAB | Elevai Labs, Common | PairCorr |
| 0.49 | EHAB | Enhabit | PairCorr |
| 0.45 | CI | Cigna Corp | PairCorr |
| 0.43 | FLGT | Fulgent Genetics | PairCorr |
The ability to find closely correlated positions to Inspira Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspira Technologies 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 Inspira Technologies - 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 Inspira Technologies Oxy to buy it.
The correlation of Inspira Technologies 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 Inspira Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inspira Technologies Oxy 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 Inspira Technologies 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.Check out Inspira Technologies Correlation, Inspira Technologies Volatility and Inspira Technologies Alpha and Beta module to complement your research on Inspira Technologies. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Inspira Technologies 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.