Indiana Resources (Australia) Market Value
| IDA Stock | 0.10 0.01 9.09% |
| Symbol | Indiana |
Indiana Resources '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 Indiana Resources' 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 Indiana Resources.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Indiana Resources on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Indiana Resources or generate 0.0% return on investment in Indiana Resources over 30 days. Indiana Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Indiana Resources is entity of Australia More
Indiana Resources 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 Indiana Resources' 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 Indiana Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0792 | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 3.26 |
Indiana Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indiana Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indiana Resources' standard deviation. In reality, there are many statistical measures that can use Indiana Resources historical prices to predict the future Indiana Resources' volatility.| Risk Adjusted Performance | 0.1166 | |||
| Jensen Alpha | 0.3171 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.081 | |||
| Treynor Ratio | (0.93) |
Indiana Resources Backtested Returns
Currently, Indiana Resources is out of control. Indiana Resources holds Efficiency (Sharpe) Ratio of 0.0319, which attests that the entity had a 0.0319% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Indiana Resources, which you can use to evaluate the volatility of the firm. Please check out Indiana Resources' Market Risk Adjusted Performance of (0.92), downside deviation of 1.97, and Risk Adjusted Performance of 0.1166 to validate if the risk estimate we provide is consistent with the expected return of 0.0739%. Indiana Resources has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Indiana Resources are expected to decrease at a much lower rate. During the bear market, Indiana Resources is likely to outperform the market. Indiana Resources right now retains a risk of 2.32%. Please check out Indiana Resources coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Indiana Resources will be following its current trending patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Indiana Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Indiana Resources time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Indiana Resources price movement. The serial correlation of -0.19 indicates that over 19.0% of current Indiana Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Indiana Resources lagged returns against current returns
Autocorrelation, which is Indiana Resources 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 Indiana Resources' stock expected returns. We can calculate the autocorrelation of Indiana Resources returns to help us make a trade decision. For example, suppose you find that Indiana Resources 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 |
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Indiana Resources 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 Indiana Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indiana Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indiana Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Indiana Resources Lagged Returns
When evaluating Indiana Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indiana Resources stock have on its future price. Indiana Resources 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, Indiana Resources autocorrelation shows the relationship between Indiana Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Indiana Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Indiana Stock Analysis
When running Indiana Resources' price analysis, check to measure Indiana Resources' 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 Indiana Resources is operating at the current time. Most of Indiana Resources' value examination focuses on studying past and present price action to predict the probability of Indiana Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indiana Resources' price. Additionally, you may evaluate how the addition of Indiana Resources to your portfolios can decrease your overall portfolio volatility.