IDEXX Laboratories (Germany) Market Value
| IX1 Stock | EUR 445.60 0.90 0.20% |
| Symbol | IDEXX |
IDEXX Laboratories '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 IDEXX Laboratories' 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 IDEXX Laboratories.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in IDEXX Laboratories on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding IDEXX Laboratories or generate 0.0% return on investment in IDEXX Laboratories over 90 days. IDEXX Laboratories is related to or competes with Axfood AB, Entravision Communications, GWILLI FOOD, Spirent Communications, Infrastrutture Wireless, and Rogers Communications. IDEXX Laboratories, Inc., together with its subsidiaries, develops, manufactures, and distributes products and services ... More
IDEXX Laboratories 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 IDEXX Laboratories' 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 IDEXX Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.1086 | |||
| Maximum Drawdown | 13.76 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 4.0 |
IDEXX Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEXX Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDEXX Laboratories' standard deviation. In reality, there are many statistical measures that can use IDEXX Laboratories historical prices to predict the future IDEXX Laboratories' volatility.| Risk Adjusted Performance | 0.1728 | |||
| Jensen Alpha | 0.336 | |||
| Total Risk Alpha | 0.0593 | |||
| Sortino Ratio | 0.1824 | |||
| Treynor Ratio | 2.08 |
IDEXX Laboratories Backtested Returns
IDEXX Laboratories appears to be very steady, given 3 months investment horizon. IDEXX Laboratories holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for IDEXX Laboratories, which you can use to evaluate the volatility of the firm. Please utilize IDEXX Laboratories' Semi Deviation of 0.9055, risk adjusted performance of 0.1728, and Market Risk Adjusted Performance of 2.09 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IDEXX Laboratories holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IDEXX Laboratories' returns are expected to increase less than the market. However, during the bear market, the loss of holding IDEXX Laboratories is expected to be smaller as well. Please check IDEXX Laboratories' coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether IDEXX Laboratories' current trending patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
IDEXX Laboratories has virtually no predictability. Overlapping area represents the amount of predictability between IDEXX Laboratories 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 IDEXX Laboratories price movement. The serial correlation of 0.06 indicates that barely 6.0% of current IDEXX Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 24.46 |
IDEXX Laboratories lagged returns against current returns
Autocorrelation, which is IDEXX Laboratories 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 IDEXX Laboratories' stock expected returns. We can calculate the autocorrelation of IDEXX Laboratories returns to help us make a trade decision. For example, suppose you find that IDEXX Laboratories 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 |
IDEXX Laboratories 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 IDEXX Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDEXX Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDEXX Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
IDEXX Laboratories Lagged Returns
When evaluating IDEXX Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDEXX Laboratories stock have on its future price. IDEXX Laboratories 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, IDEXX Laboratories autocorrelation shows the relationship between IDEXX Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in IDEXX Laboratories.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in IDEXX Stock
When determining whether IDEXX Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDEXX Laboratories' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Idexx Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idexx Laboratories Stock:Check out IDEXX Laboratories Correlation, IDEXX Laboratories Volatility and IDEXX Laboratories Alpha and Beta module to complement your research on IDEXX Laboratories. For more detail on how to invest in IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
IDEXX Laboratories 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.