Iron Road (Germany) Market Value
| 4OV Stock | EUR 0.03 0 13.33% |
| Symbol | Iron |
Iron Road '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 Iron Road'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 Iron Road.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Iron Road on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Iron Road Limited or generate 0.0% return on investment in Iron Road over 30 days. Iron Road is related to or competes with Steel Dynamics, NIPPON STEEL, Superior Plus, SIVERS SEMICONDUCTORS, Identiv, Intel, and Meli Hotels. Iron Road Limited explores and evaluates iron ore properties in Australia More
Iron Road 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 Iron Road'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 Iron Road Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.8 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 57.27 | |||
| Value At Risk | (12.73) | |||
| Potential Upside | 18.75 |
Iron Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iron Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iron Road's standard deviation. In reality, there are many statistical measures that can use Iron Road historical prices to predict the future Iron Road's volatility.| Risk Adjusted Performance | 0.0407 | |||
| Jensen Alpha | 0.7539 | |||
| Total Risk Alpha | (1.13) | |||
| Sortino Ratio | 0.0246 | |||
| Treynor Ratio | (0.13) |
Iron Road Limited Backtested Returns
Iron Road appears to be out of control, given 3 months investment horizon. Iron Road Limited holds Efficiency (Sharpe) Ratio of 0.0311, which attests that the entity had a 0.0311% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Iron Road Limited, which you can use to evaluate the volatility of the firm. Please utilize Iron Road's Downside Deviation of 10.8, market risk adjusted performance of (0.12), and Risk Adjusted Performance of 0.0407 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Iron Road holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of -3.05, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Iron Road are expected to decrease by larger amounts. On the other hand, during market turmoil, Iron Road is expected to outperform it. Please check Iron Road's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Iron Road's current trending patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Iron Road Limited has insignificant predictability. Overlapping area represents the amount of predictability between Iron Road time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Iron Road Limited price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Iron Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iron Road Limited lagged returns against current returns
Autocorrelation, which is Iron Road 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 Iron Road's stock expected returns. We can calculate the autocorrelation of Iron Road returns to help us make a trade decision. For example, suppose you find that Iron Road 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 |
Iron Road 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 Iron Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iron Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iron Road stock over time.
Current vs Lagged Prices |
| Timeline |
Iron Road Lagged Returns
When evaluating Iron Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iron Road stock have on its future price. Iron Road 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, Iron Road autocorrelation shows the relationship between Iron Road stock current value and its past values and can show if there is a momentum factor associated with investing in Iron Road Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Iron Stock
Iron Road financial ratios help investors to determine whether Iron Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Iron with respect to the benefits of owning Iron Road security.