Immersion Stock Market Value
| IMMR Stock | USD 9.61 0.12 1.23% |
| Symbol | Immersion |
Immersion Price To Book Ratio
Is Technology Hardware, Storage & Peripherals 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 Immersion. If investors know Immersion 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 Immersion 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 3.238 | Dividend Share 0.165 | Earnings Share 1.8 | Revenue Per Share 5.119 | Quarterly Revenue Growth 13.238 |
The market value of Immersion is measured differently than its book value, which is the value of Immersion that is recorded on the company's balance sheet. Investors also form their own opinion of Immersion's value that differs from its market value or its book value, called intrinsic value, which is Immersion'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 Immersion's market value can be influenced by many factors that don't directly affect Immersion'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 Immersion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Immersion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immersion'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.
Immersion '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 Immersion'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 Immersion.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Immersion on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Immersion or generate 0.0% return on investment in Immersion over 30 days. Immersion is related to or competes with Meridianlink, CoreCard Corp, Enfusion, Alkami Technology, Karooooo, Xperi Corp, and ON24. Immersion Corporation, together with its subsidiaries, invents, scales, and licenses haptic technologies that allow peop... More
Immersion 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 Immersion'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 Immersion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 4.05 |
Immersion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immersion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immersion's standard deviation. In reality, there are many statistical measures that can use Immersion historical prices to predict the future Immersion's volatility.| Risk Adjusted Performance | 0.041 | |||
| Jensen Alpha | 0.0943 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0169 | |||
| Treynor Ratio | (4.54) |
Immersion Backtested Returns
Currently, Immersion is not too volatile. Immersion holds Efficiency (Sharpe) Ratio of 0.0818, which attests that the entity had a 0.0818% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Immersion, which you can use to evaluate the volatility of the firm. Please check out Immersion's Market Risk Adjusted Performance of (4.53), risk adjusted performance of 0.041, and Downside Deviation of 2.09 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Immersion has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0205, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Immersion are expected to decrease at a much lower rate. During the bear market, Immersion is likely to outperform the market. Immersion right now retains a risk of 2.13%. Please check out Immersion semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Immersion will be following its current trending patterns.
Auto-correlation | 0.48 |
Average predictability
Immersion has average predictability. Overlapping area represents the amount of predictability between Immersion time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Immersion price movement. The serial correlation of 0.48 indicates that about 48.0% of current Immersion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Immersion lagged returns against current returns
Autocorrelation, which is Immersion 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 Immersion's stock expected returns. We can calculate the autocorrelation of Immersion returns to help us make a trade decision. For example, suppose you find that Immersion 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 |
Immersion 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 Immersion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immersion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immersion stock over time.
Current vs Lagged Prices |
| Timeline |
Immersion Lagged Returns
When evaluating Immersion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immersion stock have on its future price. Immersion 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, Immersion autocorrelation shows the relationship between Immersion stock current value and its past values and can show if there is a momentum factor associated with investing in Immersion.
Regressed Prices |
| Timeline |
Pair Trading with Immersion
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 Immersion 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 Immersion will appreciate offsetting losses from the drop in the long position's value.Moving together with Immersion Stock
Moving against Immersion Stock
| 0.7 | DM | Desktop Metal Downward Rally | PairCorr |
| 0.49 | STX | Seagate Technology PLC | PairCorr |
| 0.39 | INFN | Infinera Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Immersion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Immersion 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 Immersion - 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 Immersion to buy it.
The correlation of Immersion 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 Immersion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Immersion 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 Immersion 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.Additional Tools for Immersion Stock Analysis
When running Immersion's price analysis, check to measure Immersion'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 Immersion is operating at the current time. Most of Immersion's value examination focuses on studying past and present price action to predict the probability of Immersion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Immersion's price. Additionally, you may evaluate how the addition of Immersion to your portfolios can decrease your overall portfolio volatility.