Igo Limited Stock Price on May 17, 2024
IPGDF Stock | USD 3.40 0.05 1.49% |
If you're considering investing in IGO Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of IGO stands at 3.40, as last reported on the 23rd of November, with the highest price reaching 3.40 and the lowest price hitting 3.40 during the day. IGO Limited holds Efficiency (Sharpe) Ratio of -0.0502, which attests that the entity had a -0.0502% return per unit of volatility over the last 3 months. IGO Limited exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IGO's risk adjusted performance of 0.0253, and Market Risk Adjusted Performance of 0.3661 to validate the risk estimate we provide.
IGO Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
IGO |
Sharpe Ratio = -0.0502
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Estimated Market Risk
2.48 actual daily | 22 78% of assets are more volatile |
Expected Return
-0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IGO is not performing at its full potential. However, 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 IGO by adding IGO to a well-diversified portfolio.
IGO Valuation on May 17, 2024
It is possible to determine the worth of IGO on a given historical date. On May 17, 2024 IGO was worth 4.61 at the beginning of the trading date compared to the closed value of 4.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IGO pink sheet. Still, in general, we apply an absolute valuation method to find IGO's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IGO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IGO's related companies.
Open | High | Low | Close | Volume | |
5.11 | 5.11 | 5.11 | 5.11 | 1.00 | |
05/17/2024 | 4.61 | 4.61 | 4.61 | 4.61 | 600.00 |
5.18 | 5.18 | 5.18 | 5.18 | 1.00 |
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IGO Trading Date Momentum on May 17, 2024
On May 20 2024 IGO Limited was traded for 5.18 at the closing time. The highest daily price throughout the period was 5.18 and the lowest price was 5.18 . There was no trading activity during the period 1.0. Lack of trading volume on 05/20/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 12.36% . The trading delta at closing time to current closing price is 10.63% . |
IGO Limited Fundamentals Correlations and Trends
By evaluating IGO's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IGO's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IGO financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IGO Pink Sheet history
IGO investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IGO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IGO Limited will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IGO stock prices may prove useful in developing a viable investing in IGO
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia. Independence Gold operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
IGO Pink Sheet Technical Analysis
IGO technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
IGO Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
IGO Limited cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
IGO November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how IGO pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IGO shares will generate the highest return on investment. By undertsting and applying IGO pink sheet market strength indicators, traders can identify IGO Limited entry and exit signals to maximize returns
IGO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IGO's price direction in advance. Along with the technical and fundamental analysis of IGO Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of IGO to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0253 | |||
Jensen Alpha | 0.0384 | |||
Total Risk Alpha | (0.40) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.3561 |
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Volume Indicators |
Complementary Tools for IGO Pink Sheet analysis
When running IGO's price analysis, check to measure IGO'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 IGO is operating at the current time. Most of IGO's value examination focuses on studying past and present price action to predict the probability of IGO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGO's price. Additionally, you may evaluate how the addition of IGO to your portfolios can decrease your overall portfolio volatility.
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