Innovative Industrial Properties Preferred Stock Market Value

IIPR-PA Preferred Stock  USD 26.41  0.10  0.38%   
Innovative Industrial's market value is the price at which a share of Innovative Industrial trades on a public exchange. It measures the collective expectations of Innovative Industrial Properties investors about its performance. Innovative Industrial is trading at 26.41 as of the 5th of December 2024, a 0.38 percent increase since the beginning of the trading day. The preferred stock's open price was 26.31.
With this module, you can estimate the performance of a buy and hold strategy of Innovative Industrial Properties and determine expected loss or profit from investing in Innovative Industrial over a given investment horizon. Check out Innovative Industrial Correlation, Innovative Industrial Volatility and Innovative Industrial Alpha and Beta module to complement your research on Innovative Industrial.
Symbol

Please note, there is a significant difference between Innovative Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovative Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovative Industrial's 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.

Innovative Industrial '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 Innovative Industrial's preferred 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 Innovative Industrial.
0.00
12/11/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/05/2024
0.00
If you would invest  0.00  in Innovative Industrial on December 11, 2023 and sell it all today you would earn a total of 0.00 from holding Innovative Industrial Properties or generate 0.0% return on investment in Innovative Industrial over 360 days. Innovative Industrial is related to or competes with Public Storage, Public Storage, Public Storage, Public Storage, Public Storage, Public Storage, and Public Storage. Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and ... More

Innovative Industrial 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 Innovative Industrial's preferred 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 Innovative Industrial Properties upside and downside potential and time the market with a certain degree of confidence.

Innovative Industrial Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovative Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovative Industrial's standard deviation. In reality, there are many statistical measures that can use Innovative Industrial historical prices to predict the future Innovative Industrial's volatility.
Hype
Prediction
LowEstimatedHigh
26.0626.4126.76
Details
Intrinsic
Valuation
LowRealHigh
21.6922.0429.05
Details
Naive
Forecast
LowNextHigh
25.9726.3226.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.2926.3526.41
Details

Innovative Industrial Backtested Returns

At this point, Innovative Industrial is very steady. Innovative Industrial holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Innovative Industrial, which you can use to evaluate the volatility of the firm. Please check out Innovative Industrial's Coefficient Of Variation of 415.93, market risk adjusted performance of (3.39), and Risk Adjusted Performance of 0.1663 to validate if the risk estimate we provide is consistent with the expected return of 0.0808%. Innovative Industrial has a performance score of 18 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0215, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Innovative Industrial are expected to decrease at a much lower rate. During the bear market, Innovative Industrial is likely to outperform the market. Innovative Industrial right now retains a risk of 0.35%. Please check out Innovative Industrial sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Innovative Industrial will be following its current trending patterns.

Auto-correlation

    
  -0.28  

Weak reverse predictability

Innovative Industrial Properties has weak reverse predictability. Overlapping area represents the amount of predictability between Innovative Industrial time series from 11th of December 2023 to 8th of June 2024 and 8th of June 2024 to 5th 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 Innovative Industrial price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Innovative Industrial price fluctuation can be explain by its past prices.
Correlation Coefficient-0.28
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.44

Innovative Industrial lagged returns against current returns

Autocorrelation, which is Innovative Industrial preferred 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 Innovative Industrial's preferred stock expected returns. We can calculate the autocorrelation of Innovative Industrial returns to help us make a trade decision. For example, suppose you find that Innovative Industrial has exhibited high autocorrelation historically, and you observe that the preferred 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  

Innovative Industrial 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 Innovative Industrial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovative Industrial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovative Industrial preferred stock over time.
   Current vs Lagged Prices   
       Timeline  

Innovative Industrial Lagged Returns

When evaluating Innovative Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovative Industrial preferred stock have on its future price. Innovative Industrial 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, Innovative Industrial autocorrelation shows the relationship between Innovative Industrial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Innovative Industrial Properties.
   Regressed Prices   
       Timeline  

Also Currently Popular

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 Innovative Preferred Stock

Innovative Industrial financial ratios help investors to determine whether Innovative Preferred 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 Innovative with respect to the benefits of owning Innovative Industrial security.