Iconic Minerals Stock Market Value
| ICM Stock | CAD 0.01 0.01 50.00% |
| Symbol | Iconic |
Iconic Minerals Price To Book Ratio
Iconic Minerals '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 Iconic Minerals' 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 Iconic Minerals.
| 02/04/2024 |
| 11/30/2024 |
If you would invest 0.00 in Iconic Minerals on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Iconic Minerals or generate 0.0% return on investment in Iconic Minerals over 300 days. Iconic Minerals is related to or competes with Noram Lithium, and Black Mammoth. Iconic Minerals Ltd., a mineral exploration company, engages in the acquisition and exploration of gold and lithium prop... More
Iconic Minerals 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 Iconic Minerals' 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 Iconic Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1049 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Iconic Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iconic Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iconic Minerals' standard deviation. In reality, there are many statistical measures that can use Iconic Minerals historical prices to predict the future Iconic Minerals' volatility.| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 2.75 | |||
| Total Risk Alpha | (1.58) | |||
| Treynor Ratio | 1.41 |
Iconic Minerals Backtested Returns
Iconic Minerals is out of control given 3 months investment horizon. Iconic Minerals holds Efficiency (Sharpe) Ratio of 0.0626, which attests that the entity had a 0.0626% return per unit of risk over the last 3 months. We were able to interpolate twenty-two different technical indicators, which can help you to evaluate if expected returns of 1.59% are justified by taking the suggested risk. Use Iconic Minerals Market Risk Adjusted Performance of 1.42, risk adjusted performance of 0.0938, and Standard Deviation of 27.57 to evaluate company specific risk that cannot be diversified away. Iconic Minerals holds a performance score of 4 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.14, 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, Iconic Minerals will likely underperform. Use Iconic Minerals potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to analyze future returns on Iconic Minerals.
Auto-correlation | 0.42 |
Average predictability
Iconic Minerals has average predictability. Overlapping area represents the amount of predictability between Iconic Minerals time series from 4th of February 2024 to 3rd of July 2024 and 3rd of July 2024 to 30th 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 Iconic Minerals price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Iconic Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iconic Minerals lagged returns against current returns
Autocorrelation, which is Iconic Minerals 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 Iconic Minerals' stock expected returns. We can calculate the autocorrelation of Iconic Minerals returns to help us make a trade decision. For example, suppose you find that Iconic Minerals 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 |
Iconic Minerals 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 Iconic Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iconic Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iconic Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Iconic Minerals Lagged Returns
When evaluating Iconic Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iconic Minerals stock have on its future price. Iconic Minerals 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, Iconic Minerals autocorrelation shows the relationship between Iconic Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Iconic Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Iconic Stock Analysis
When running Iconic Minerals' price analysis, check to measure Iconic Minerals' 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 Iconic Minerals is operating at the current time. Most of Iconic Minerals' value examination focuses on studying past and present price action to predict the probability of Iconic Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iconic Minerals' price. Additionally, you may evaluate how the addition of Iconic Minerals to your portfolios can decrease your overall portfolio volatility.