IGO share price lifts off amid 201 million quarterly free cash build - The Motley Fool Australia
| IIDDY Stock | USD 4.70 0.00 0.00% |
Slightly above 62% of IGO's investor base is looking to short. The analysis of overall sentiment of trading IGO Limited pink sheet suggests that many investors are alarmed at this time. IGO's investing sentiment can be driven by a variety of factors including economic data, IGO's earnings reports, geopolitical events, and overall market trends.
IGO |
IGO share price lifts off amid 201 million quarterly free cash build The Motley Fool Australia
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IGO Fundamental Analysis
We analyze IGO's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IGO using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IGO based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
IGO is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
IGO Limited Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IGO pink sheet to make a market-neutral strategy. Peer analysis of IGO could also be used in its relative valuation, which is a method of valuing IGO by comparing valuation metrics with similar companies.
Peers
IGO Related Equities
| LEMIF | Leading Edge | 7.69 | ||||
| NICMF | Nickel Mines | 2.50 | ||||
| FWEDF | Fireweed Zinc | 0.66 | ||||
| MUNMF | Mundoro Capital | 0.00 | ||||
| MALRF | Mineral Resources | 0.00 | ||||
| ESVNF | E79 Resources | 0.00 | ||||
| SCCFF | Strategic Resources | 0.00 | ||||
| ASMMF | Australian Strategic | 8.33 |
Additional 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.