Iamgold Stock Market Value
| IAG Stock | USD 5.70 0.13 2.33% |
| Symbol | IAMGold |
IAMGold Price To Book Ratio
Is Metals & Mining 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 IAMGold. If investors know IAMGold 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 IAMGold 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 (0.16) | Earnings Share 1.35 | Revenue Per Share 2.824 | Quarterly Revenue Growth 0.955 | Return On Assets 0.0444 |
The market value of IAMGold is measured differently than its book value, which is the value of IAMGold that is recorded on the company's balance sheet. Investors also form their own opinion of IAMGold's value that differs from its market value or its book value, called intrinsic value, which is IAMGold'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 IAMGold's market value can be influenced by many factors that don't directly affect IAMGold'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 IAMGold's value and its price as these two are different measures arrived at by different means. Investors typically determine if IAMGold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IAMGold'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.
IAMGold '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 IAMGold'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 IAMGold.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in IAMGold on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding IAMGold or generate 0.0% return on investment in IAMGold over 30 days. IAMGold is related to or competes with Gold Fields, Barrick Gold, Pan American, Royal Gold, Sandstorm Gold, and Osisko Gold. IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America,... More
IAMGold 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 IAMGold'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 IAMGold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0191 | |||
| Maximum Drawdown | 25.09 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 6.95 |
IAMGold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IAMGold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IAMGold's standard deviation. In reality, there are many statistical measures that can use IAMGold historical prices to predict the future IAMGold's volatility.| Risk Adjusted Performance | 0.0446 | |||
| Jensen Alpha | 0.1668 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0223 | |||
| Treynor Ratio | 3.21 |
IAMGold Backtested Returns
IAMGold appears to be relatively risky, given 3 months investment horizon. IAMGold holds Efficiency (Sharpe) Ratio of 0.0597, which attests that the company had a 0.0597% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for IAMGold, which you can use to evaluate the volatility of the entity. Please utilize IAMGold's market risk adjusted performance of 3.22, and Semi Deviation of 3.08 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IAMGold holds a performance score of 4. The firm retains a Market Volatility (i.e., Beta) of 0.0536, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IAMGold's returns are expected to increase less than the market. However, during the bear market, the loss of holding IAMGold is expected to be smaller as well. Please check IAMGold's downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether IAMGold's current trending patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
IAMGold has poor reverse predictability. Overlapping area represents the amount of predictability between IAMGold time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 IAMGold price movement. The serial correlation of -0.39 indicates that just about 39.0% of current IAMGold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
IAMGold lagged returns against current returns
Autocorrelation, which is IAMGold 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 IAMGold's stock expected returns. We can calculate the autocorrelation of IAMGold returns to help us make a trade decision. For example, suppose you find that IAMGold 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 |
IAMGold 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 IAMGold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IAMGold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IAMGold stock over time.
Current vs Lagged Prices |
| Timeline |
IAMGold Lagged Returns
When evaluating IAMGold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IAMGold stock have on its future price. IAMGold 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, IAMGold autocorrelation shows the relationship between IAMGold stock current value and its past values and can show if there is a momentum factor associated with investing in IAMGold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether IAMGold is a strong investment it is important to analyze IAMGold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IAMGold's future performance. For an informed investment choice regarding IAMGold Stock, refer to the following important reports:Check out IAMGold Correlation, IAMGold Volatility and IAMGold Alpha and Beta module to complement your research on IAMGold. For more detail on how to invest in IAMGold Stock please use our How to Invest in IAMGold guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
IAMGold technical stock 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, stock market cycles, or different charting patterns.