INNEOVA Total Assets from 2010 to 2025
| INEO Stock | 0.82 0.09 9.89% |
Total Assets | First Reported 2010-12-31 | Previous Quarter 39.6 M | Current Value 42.6 M | Quarterly Volatility 1.6 M |
Check INNEOVA Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among INNEOVA Holdings' main balance sheet or income statement drivers, such as Tax Provision of 185.7 K, Interest Income of 10.5 K or Depreciation And Amortization of 453.4 K, as well as many indicators such as Price To Sales Ratio of 0.41, Dividend Yield of 0.0 or PTB Ratio of 2.72. INNEOVA financial statements analysis is a perfect complement when working with INNEOVA Holdings Valuation or Volatility modules.
INNEOVA | Total Assets | Build AI portfolio with INNEOVA Stock |
Pair Trading with INNEOVA Holdings
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 INNEOVA Holdings 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 INNEOVA Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with INNEOVA Stock
Moving against INNEOVA Stock
| 0.6 | YATRA | Yatra Online Limited | PairCorr |
| 0.39 | GPC | Genuine Parts | PairCorr |
| 0.38 | PTAIY | Astra International Tbk | PairCorr |
The ability to find closely correlated positions to INNEOVA Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INNEOVA Holdings 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 INNEOVA Holdings - 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 INNEOVA Holdings Limited to buy it.
The correlation of INNEOVA Holdings 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 INNEOVA Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INNEOVA Holdings 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 INNEOVA Holdings 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 the analysis of INNEOVA Holdings Correlation against competitors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Distributors 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 INNEOVA Holdings. If investors know INNEOVA 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 INNEOVA Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of INNEOVA Holdings is measured differently than its book value, which is the value of INNEOVA that is recorded on the company's balance sheet. Investors also form their own opinion of INNEOVA Holdings' value that differs from its market value or its book value, called intrinsic value, which is INNEOVA Holdings' 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 INNEOVA Holdings' market value can be influenced by many factors that don't directly affect INNEOVA Holdings' 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 INNEOVA Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if INNEOVA Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, INNEOVA Holdings' 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.