I 80 Gold Corp Stock Market Value
| IAU Stock | 0.92 0.09 8.91% |
| Symbol | IAU |
i 80 Gold Price To Book Ratio
I 80 '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 I 80'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 I 80.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in I 80 on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding i 80 Gold Corp or generate 0.0% return on investment in I 80 over 720 days. I 80 is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. I 80 is entity of Canada. It is traded as Stock on TO exchange. More
I 80 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 I 80'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 i 80 Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.31 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 67.53 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 9.59 |
I 80 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I 80's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I 80's standard deviation. In reality, there are many statistical measures that can use I 80 historical prices to predict the future I 80's volatility.| Risk Adjusted Performance | 0.0139 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (1.45) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0547 |
i 80 Gold Backtested Returns
i 80 Gold retains Efficiency (Sharpe Ratio) of -0.0039, which attests that the company had a -0.0039% return per unit of price deviation over the last 3 months. I 80 exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out I 80's standard deviation of 9.51, and Market Risk Adjusted Performance of 0.0647 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.9, which attests to possible diversification benefits within a given portfolio. I 80 returns are very sensitive to returns on the market. As the market goes up or down, I 80 is expected to follow. At this point, i 80 Gold has a negative expected return of -0.0386%. Please make sure to check out I 80's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if i 80 Gold performance from the past will be repeated sooner or later.
Auto-correlation | 0.74 |
Good predictability
i 80 Gold Corp has good predictability. Overlapping area represents the amount of predictability between I 80 time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 i 80 Gold price movement. The serial correlation of 0.74 indicates that around 74.0% of current I 80 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
i 80 Gold lagged returns against current returns
Autocorrelation, which is I 80 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 I 80's stock expected returns. We can calculate the autocorrelation of I 80 returns to help us make a trade decision. For example, suppose you find that I 80 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 |
I 80 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 I 80 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I 80 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I 80 stock over time.
Current vs Lagged Prices |
| Timeline |
I 80 Lagged Returns
When evaluating I 80's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I 80 stock have on its future price. I 80 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, I 80 autocorrelation shows the relationship between I 80 stock current value and its past values and can show if there is a momentum factor associated with investing in i 80 Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with I 80
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if I 80 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in I 80 will appreciate offsetting losses from the drop in the long position's value.Moving together with IAU Stock
Moving against IAU Stock
| 0.71 | JPM | JPMorgan Chase | PairCorr |
| 0.71 | BOFA | Bank of America | PairCorr |
| 0.69 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.55 | WMT | Walmart Inc CDR | PairCorr |
| 0.54 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to I 80 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace I 80 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back I 80 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling i 80 Gold Corp to buy it.
The correlation of I 80 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as I 80 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if i 80 Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for I 80 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out I 80 Correlation, I 80 Volatility and I 80 Alpha and Beta module to complement your research on I 80. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
I 80 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.