Iris Energy Stock Probability of Future Stock Price Finishing Under 3.77
| IREN Stock | USD 10.78 1.06 10.91% |
Iris |
Iris Energy Target Price Odds to finish below 3.77
The tendency of Iris Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 3.77 or more in 90 days |
| 10.78 | 90 days | 3.77 | near 1 |
Based on a normal probability distribution, the odds of Iris Energy to drop to $ 3.77 or more in 90 days from now is near 1 (This Iris Energy probability density function shows the probability of Iris Stock to fall within a particular range of prices over 90 days) . Probability of Iris Energy price to stay between $ 3.77 and its current price of $10.78 at the end of the 90-day period is about 92.05 .
Given the investment horizon of 90 days the stock has the beta coefficient of 5.48 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Iris Energy will likely underperform. Additionally Iris Energy has an alpha of 0.0048, implying that it can generate a 0.004823 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Iris Energy Price Density |
| Price |
Predictive Modules for Iris Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Iris Energy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iris Energy'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.
Iris Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Iris Energy is not an exception. The market had few large corrections towards the Iris Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Iris Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Iris Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | 5.48 | |
σ | Overall volatility | 1.39 | |
Ir | Information ratio | 0.08 |
Iris Energy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Iris Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Iris Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Iris Energy is way too risky over 90 days horizon | |
| Iris Energy appears to be risky and price may revert if volatility continues | |
| Iris Energy has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 188.76 M. Net Loss for the year was (28.95 M) with profit before overhead, payroll, taxes, and interest of 57.61 M. | |
| Latest headline from gurufocus.com: Iris Energy Ltd Trading 3.19 percent Higher on Nov 22 |
Iris Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Iris Stock often depends not only on the future outlook of the current and potential Iris Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Iris Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 99.6 M | |
| Cash And Short Term Investments | 411.1 M |
Iris Energy Technical Analysis
Iris Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Iris Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Iris Energy. In general, you should focus on analyzing Iris Stock price patterns and their correlations with different microeconomic environments and drivers.
Iris Energy Predictive Forecast Models
Iris Energy's time-series forecasting models is one of many Iris Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Iris Energy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Iris Energy
Checking the ongoing alerts about Iris Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Iris Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Iris Energy is way too risky over 90 days horizon | |
| Iris Energy appears to be risky and price may revert if volatility continues | |
| Iris Energy has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 188.76 M. Net Loss for the year was (28.95 M) with profit before overhead, payroll, taxes, and interest of 57.61 M. | |
| Latest headline from gurufocus.com: Iris Energy Ltd Trading 3.19 percent Higher on Nov 22 |
Check out Iris Energy Backtesting, Iris Energy Valuation, Iris Energy Correlation, Iris Energy Hype Analysis, Iris Energy Volatility, Iris Energy History as well as Iris Energy Performance. To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Asset Management & Custody Banks 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 Iris Energy. If investors know Iris 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 Iris Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 1.894 | Quarterly Revenue Growth 0.679 | Return On Assets (0.02) | Return On Equity (0.04) |
The market value of Iris Energy is measured differently than its book value, which is the value of Iris that is recorded on the company's balance sheet. Investors also form their own opinion of Iris Energy's value that differs from its market value or its book value, called intrinsic value, which is Iris Energy'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 Iris Energy's market value can be influenced by many factors that don't directly affect Iris Energy'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 Iris Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iris Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iris Energy'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.