Ix Acquisition Corp Stock Performance
| IXAQ Stock | USD 11.35 0.05 0.44% |
IX Acquisition has a performance score of 17 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.013, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IX Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding IX Acquisition is expected to be smaller as well. IX Acquisition Corp today owns a risk of 0.14%. Please check out IX Acquisition Corp value at risk, and the relationship between the jensen alpha and skewness , to decide if IX Acquisition Corp will be following its current price history.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in IX Acquisition Corp are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable basic indicators, IX Acquisition is not utilizing all of its potentials. The new stock price agitation, may contribute to short-term losses for the retail investors. ...more
Actual Historical Performance (%)
One Day Return (0.79) | Five Day Return (0.44) | Year To Date Return 2.73 | Ten Year Return 14.14 | All Time Return 14.14 |
1 | Gores Holdings IX, Inc. Short Interest Down 61.5 percent in February - MarketBeat | 02/29/2024 |
2 | Churchill Capital Corp IX announced that it expects to receive 6.5 million in funding - Marketscreener.com | 05/10/2024 |
| Begin Period Cash Flow | 70.2 K |
IXAQ |
IX Acquisition Relative Risk vs. Return Landscape
If you would invest 1,112 in IX Acquisition Corp on February 22, 2024 and sell it today you would earn a total of 23.00 from holding IX Acquisition Corp or generate 2.07% return on investment over 90 days. IX Acquisition Corp is currently generating 0.0326% in daily expected returns and assumes 0.1439% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of stocks are less volatile than IXAQ, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
IX Acquisition Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IX Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as IX Acquisition Corp, and traders can use it to determine the average amount a IX Acquisition's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2265
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| Negative Returns | IXAQ |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average IX Acquisition is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IX Acquisition by adding it to a well-diversified portfolio.
IX Acquisition Fundamentals Growth
IXAQ Stock prices reflect investors' perceptions of the future prospects and financial health of IX Acquisition, and IX Acquisition fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on IXAQ Stock performance.
| Return On Asset | -0.0049 | ||||
| Current Valuation | 99.43 M | ||||
| Shares Outstanding | 6.85 M | ||||
| Price To Earning | 11.68 X | ||||
| Price To Book | 4.43 X | ||||
| EBITDA | (1.04 M) | ||||
| Net Income | 4.02 M | ||||
| Cash And Equivalents | 296.46 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 1.89 M | ||||
| Current Ratio | 0.83 X | ||||
| Book Value Per Share | (1.11) X | ||||
| Cash Flow From Operations | (605.73 K) | ||||
| Earnings Per Share | 0.26 X | ||||
| Market Capitalization | 97.14 M | ||||
| Total Asset | 31.49 M | ||||
| Retained Earnings | (11.28 M) | ||||
| Working Capital | (3.09 M) | ||||
About IX Acquisition Performance
To evaluate IX Acquisition Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when IX Acquisition generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare IXAQ Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand IX Acquisition Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents IXAQ's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.00 | 0.00 | |
| Return On Tangible Assets | 0.13 | 0.07 | |
| Return On Capital Employed | (0.04) | (0.04) | |
| Return On Assets | 0.13 | 0.07 | |
| Return On Equity | 0.18 | 0.19 |
Things to note about IX Acquisition Corp performance evaluation
Checking the ongoing alerts about IX Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for IX Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company currently holds 1.89 M in liabilities. IX Acquisition Corp has a current ratio of 0.81, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist IX Acquisition until it has trouble settling it off, either with new capital or with free cash flow. So, IX Acquisition's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like IX Acquisition Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for IXAQ to invest in growth at high rates of return. When we think about IX Acquisition's use of debt, we should always consider it together with cash and equity. | |
| IX Acquisition Corp currently holds about 296.46 K in cash with (605.73 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| IX Acquisition Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 72.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Churchill Capital Corp IX announced that it expects to receive 6.5 million in funding - Marketscreener.com |
- Analyzing IX Acquisition's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether IX Acquisition's stock is overvalued or undervalued compared to its peers.
- Examining IX Acquisition's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating IX Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of IX Acquisition's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of IX Acquisition's stock. These opinions can provide insight into IX Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IX Acquisition Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the IX Acquisition Corp information on this page should be used as a complementary analysis to other IX Acquisition's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for IXAQ Stock analysis
When running IX Acquisition's price analysis, check to measure IX Acquisition'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 IX Acquisition is operating at the current time. Most of IX Acquisition's value examination focuses on studying past and present price action to predict the probability of IX Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IX Acquisition's price. Additionally, you may evaluate how the addition of IX Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is IX Acquisition'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 IX Acquisition. If investors know IXAQ 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 IX Acquisition 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 (0.39) | Earnings Share 0.26 | Return On Assets (0) |
The market value of IX Acquisition Corp is measured differently than its book value, which is the value of IXAQ that is recorded on the company's balance sheet. Investors also form their own opinion of IX Acquisition's value that differs from its market value or its book value, called intrinsic value, which is IX Acquisition'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 IX Acquisition's market value can be influenced by many factors that don't directly affect IX Acquisition'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 IX Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if IX Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IX Acquisition'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.