Illumina Stock Market Value
| ILMN Stock | USD 144.36 1.41 0.99% |
| Symbol | Illumina |
Illumina Price To Book Ratio
Is Life Sciences Tools & Services 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 Illumina. If investors know Illumina 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 Illumina listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (9.97) | Revenue Per Share 27.654 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0262 |
The market value of Illumina is measured differently than its book value, which is the value of Illumina that is recorded on the company's balance sheet. Investors also form their own opinion of Illumina's value that differs from its market value or its book value, called intrinsic value, which is Illumina's 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 Illumina's market value can be influenced by many factors that don't directly affect Illumina's 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 Illumina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illumina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illumina'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.
Illumina '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 Illumina'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 Illumina.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Illumina on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Illumina or generate 0.0% return on investment in Illumina over 30 days. Illumina is related to or competes with Thermo Fisher, Danaher, Waters, IDEXX Laboratories, Agilent Technologies, EXACT Sciences, and Natera. Illumina, Inc. provides sequencing and array-based solutions for genetic and genomic analysis More
Illumina 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 Illumina'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 Illumina upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0149 | |||
| Maximum Drawdown | 12.84 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.9 |
Illumina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Illumina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Illumina's standard deviation. In reality, there are many statistical measures that can use Illumina historical prices to predict the future Illumina's volatility.| Risk Adjusted Performance | 0.062 | |||
| Jensen Alpha | 0.064 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0163 | |||
| Treynor Ratio | 0.2058 |
Illumina Backtested Returns
As of now, Illumina Stock is very steady. Illumina holds Efficiency (Sharpe) Ratio of 0.0761, which attests that the entity had a 0.0761% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Illumina, which you can use to evaluate the volatility of the firm. Please check out Illumina's Risk Adjusted Performance of 0.062, market risk adjusted performance of 0.2158, and Downside Deviation of 2.07 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Illumina has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Illumina's returns are expected to increase less than the market. However, during the bear market, the loss of holding Illumina is expected to be smaller as well. Illumina right now retains a risk of 2.3%. Please check out Illumina semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Illumina will be following its current trending patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Illumina has poor reverse predictability. Overlapping area represents the amount of predictability between Illumina time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Illumina price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Illumina price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 26.2 |
Illumina lagged returns against current returns
Autocorrelation, which is Illumina 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 Illumina's stock expected returns. We can calculate the autocorrelation of Illumina returns to help us make a trade decision. For example, suppose you find that Illumina 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 |
Illumina 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 Illumina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Illumina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Illumina stock over time.
Current vs Lagged Prices |
| Timeline |
Illumina Lagged Returns
When evaluating Illumina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Illumina stock have on its future price. Illumina 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, Illumina autocorrelation shows the relationship between Illumina stock current value and its past values and can show if there is a momentum factor associated with investing in Illumina.
Regressed Prices |
| Timeline |
Pair Trading with Illumina
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 Illumina 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 Illumina will appreciate offsetting losses from the drop in the long position's value.Moving together with Illumina Stock
Moving against Illumina Stock
| 0.77 | FDMT | 4D Molecular Therapeutics | PairCorr |
| 0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | ICU | LMF Acquisition Oppo | PairCorr |
| 0.5 | VALN | Valneva SE ADR | PairCorr |
| 0.48 | VRAX | Virax Biolabs Group | PairCorr |
The ability to find closely correlated positions to Illumina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Illumina 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 Illumina - 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 Illumina to buy it.
The correlation of Illumina 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 Illumina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Illumina 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 Illumina 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 Illumina Correlation, Illumina Volatility and Illumina Alpha and Beta module to complement your research on Illumina. To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Illumina 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.