Indocan Resources Stock Market Value
Indocan Resources' market value is the price at which a share of Indocan Resources trades on a public exchange. It measures the collective expectations of Indocan Resources investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Indocan Resources and determine expected loss or profit from investing in Indocan Resources over a given investment horizon. Check out Indocan Resources Correlation, Indocan Resources Volatility and Indocan Resources Alpha and Beta module to complement your research on Indocan Resources. To learn how to invest in Indocan Stock, please use our How to Invest in Indocan Resources guide.
| Symbol | Indocan |
Is Pharmaceuticals 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 Indocan Resources. If investors know Indocan 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 Indocan Resources 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 Indocan Resources is measured differently than its book value, which is the value of Indocan that is recorded on the company's balance sheet. Investors also form their own opinion of Indocan Resources' value that differs from its market value or its book value, called intrinsic value, which is Indocan Resources' 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 Indocan Resources' market value can be influenced by many factors that don't directly affect Indocan Resources' 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 Indocan Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Indocan Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Indocan Resources' 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.
Indocan Resources '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 Indocan Resources' 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 Indocan Resources.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Indocan Resources on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Indocan Resources or generate 0.0% return on investment in Indocan Resources over 90 days. Indocan Resources is related to or competes with Teva Pharma, and Tilray. Indocan Resources Inc., a real estate holding company, invests in coastal vacation rental and commercial properties More
Indocan Resources 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 Indocan Resources' 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 Indocan Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1259 |
Indocan Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indocan Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indocan Resources' standard deviation. In reality, there are many statistical measures that can use Indocan Resources historical prices to predict the future Indocan Resources' volatility.| Risk Adjusted Performance | 0.1283 | |||
| Jensen Alpha | 32.0 | |||
| Total Risk Alpha | (2.41) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indocan Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Indocan Resources Backtested Returns
Indocan Resources is out of control given 3 months investment horizon. Indocan Resources holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. We were able to break down twelve different technical indicators, which can help you to evaluate if expected returns of 16.13% are justified by taking the suggested risk. Use Indocan Resources Risk Adjusted Performance of 0.1283, market risk adjusted performance of (0.13), and Standard Deviation of 127.0 to evaluate company specific risk that cannot be diversified away. Indocan Resources holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -116.8, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Indocan Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Indocan Resources is expected to outperform it. Use Indocan Resources mean deviation and total risk alpha , to analyze future returns on Indocan Resources.
Auto-correlation | 0.00 |
No correlation between past and present
Indocan Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Indocan Resources time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Indocan Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Indocan Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Indocan Resources lagged returns against current returns
Autocorrelation, which is Indocan Resources 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 Indocan Resources' stock expected returns. We can calculate the autocorrelation of Indocan Resources returns to help us make a trade decision. For example, suppose you find that Indocan Resources 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 |
Indocan Resources 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 Indocan Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indocan Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indocan Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Indocan Resources Lagged Returns
When evaluating Indocan Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indocan Resources stock have on its future price. Indocan Resources 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, Indocan Resources autocorrelation shows the relationship between Indocan Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Indocan Resources.
Regressed Prices |
| Timeline |
Pair Trading with Indocan Resources
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 Indocan Resources 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 Indocan Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Indocan Stock
| 0.54 | WMT | Walmart | PairCorr |
| 0.48 | NTNX | Nutanix | PairCorr |
| 0.39 | TRV | The Travelers Companies | PairCorr |
| 0.39 | HD | Home Depot | PairCorr |
| 0.38 | AXP | American Express | PairCorr |
The ability to find closely correlated positions to Indocan Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Indocan Resources 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 Indocan Resources - 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 Indocan Resources to buy it.
The correlation of Indocan Resources 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 Indocan Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Indocan Resources 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 Indocan Resources 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 Indocan Resources Correlation, Indocan Resources Volatility and Indocan Resources Alpha and Beta module to complement your research on Indocan Resources. To learn how to invest in Indocan Stock, please use our How to Invest in Indocan Resources guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Indocan Resources 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.