IAUCL (Chile) Market Value
| IAUCL Stock | 49,400 49,350 98,918% |
| Symbol | IAUCL |
IAUCL '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 IAUCL'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 IAUCL.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in IAUCL on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding IAUCL or generate 0.0% return on investment in IAUCL over 180 days.
IAUCL 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 IAUCL'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 IAUCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1231 | |||
| Maximum Drawdown | 12.36 | |||
| Potential Upside | 1.39 |
IAUCL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IAUCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IAUCL's standard deviation. In reality, there are many statistical measures that can use IAUCL historical prices to predict the future IAUCL's volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 1496.68 | |||
| Total Risk Alpha | 1157.83 | |||
| Treynor Ratio | 15.78 |
IAUCL Backtested Returns
IAUCL is out of control given 3 months investment horizon. IAUCL holds Efficiency (Sharpe) Ratio of 0.13, which attests that the company had a 0.13% return per unit of volatility over the last 3 months. We are able to interpolate and collect twenty-one different technical indicators, which can help you to evaluate if expected returns of 15.67% are justified by taking the suggested risk. Use IAUCL coefficient of variation of 812.38, and Market Risk Adjusted Performance of 15.79 to evaluate company specific risk that cannot be diversified away. IAUCL holds a performance score of 9 on a scale of zero to a hundred. The firm retains a Market Volatility (i.e., Beta) of 95.0, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IAUCL will likely underperform. Use IAUCL total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to analyze future returns on IAUCL.
Auto-correlation | 0.34 |
Below average predictability
IAUCL has below average predictability. Overlapping area represents the amount of predictability between IAUCL time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st of December 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 IAUCL price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current IAUCL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.66 |
IAUCL lagged returns against current returns
Autocorrelation, which is IAUCL 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 IAUCL's stock expected returns. We can calculate the autocorrelation of IAUCL returns to help us make a trade decision. For example, suppose you find that IAUCL 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 |
IAUCL 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 IAUCL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IAUCL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IAUCL stock over time.
Current vs Lagged Prices |
| Timeline |
IAUCL Lagged Returns
When evaluating IAUCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IAUCL stock have on its future price. IAUCL 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, IAUCL autocorrelation shows the relationship between IAUCL stock current value and its past values and can show if there is a momentum factor associated with investing in IAUCL.
Regressed Prices |
| Timeline |
Pair Trading with IAUCL
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 IAUCL 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 IAUCL will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to IAUCL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAUCL 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 IAUCL - 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 IAUCL to buy it.
The correlation of IAUCL 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 IAUCL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAUCL 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 IAUCL 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.Additional Tools for IAUCL Stock Analysis
When running IAUCL's price analysis, check to measure IAUCL'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 IAUCL is operating at the current time. Most of IAUCL's value examination focuses on studying past and present price action to predict the probability of IAUCL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IAUCL's price. Additionally, you may evaluate how the addition of IAUCL to your portfolios can decrease your overall portfolio volatility.