Illumina Stock Market Value
| ILMN Stock | USD 116.69 1.60 1.35% |
| Symbol | Illumina |
Illumina Price To Book Ratio
Is Illumina's industry 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 (7.34) | Revenue Per Share 28.506 | Quarterly Revenue Growth 0.036 | Return On Assets (0.01) |
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.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Illumina on April 29, 2022 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 720 days. Illumina is related to or competes with Danaher, IDEXX Laboratories, Guardant Health, and Charles River. 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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 3.65 |
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 | (0.05) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Illumina's 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.
Illumina Backtested Returns
Illumina holds Efficiency (Sharpe) Ratio of -0.0938, which attests that the entity had a -0.0938% return per unit of risk over the last 3 months. Illumina exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Illumina's Risk Adjusted Performance of (0.05), standard deviation of 2.26, and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.2, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Illumina will likely underperform. Illumina has an expected return of -0.22%. Please make sure to check out Illumina potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Illumina performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Illumina has insignificant predictability. Overlapping area represents the amount of predictability between Illumina time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 0.12 indicates that less than 12.0% of current Illumina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1098.48 |
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 |
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Try AI Portfolio ArchitectCheck 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Illumina Stock analysis
When running Illumina's price analysis, check to measure Illumina'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 Illumina is operating at the current time. Most of Illumina's value examination focuses on studying past and present price action to predict the probability of Illumina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illumina's price. Additionally, you may evaluate how the addition of Illumina to your portfolios can decrease your overall portfolio volatility.
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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.