Idaho Strategic Resources Stock Market Value
| IDR Stock | USD 11.51 0.34 2.87% |
| Symbol | Idaho |
Idaho Strategic Resources Price To Book Ratio
Is Diversified 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 Idaho Strategic. If investors know Idaho 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 Idaho Strategic 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 4 | Earnings Share 0.51 | Revenue Per Share 1.73 | Quarterly Revenue Growth 0.864 | Return On Assets 0.1169 |
The market value of Idaho Strategic Resources is measured differently than its book value, which is the value of Idaho that is recorded on the company's balance sheet. Investors also form their own opinion of Idaho Strategic's value that differs from its market value or its book value, called intrinsic value, which is Idaho Strategic'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 Idaho Strategic's market value can be influenced by many factors that don't directly affect Idaho Strategic'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 Idaho Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Idaho Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Idaho Strategic'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.
Idaho Strategic '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 Idaho Strategic'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 Idaho Strategic.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Idaho Strategic on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Idaho Strategic Resources or generate 0.0% return on investment in Idaho Strategic over 30 days. Idaho Strategic is related to or competes with Aurion Resources, Golden Star, Paramount Gold, Vista Gold, Orezone Gold, and Rio2. Idaho Strategic Resources, Inc. engages in the exploring, developing, and extracting gold, silver, and base metal minera... More
Idaho Strategic 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 Idaho Strategic'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 Idaho Strategic Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.86 | |||
| Information Ratio | 0.0218 | |||
| Maximum Drawdown | 31.52 | |||
| Value At Risk | (6.77) | |||
| Potential Upside | 7.61 |
Idaho Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idaho Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Idaho Strategic's standard deviation. In reality, there are many statistical measures that can use Idaho Strategic historical prices to predict the future Idaho Strategic's volatility.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | 0.2423 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0219 | |||
| Treynor Ratio | (1.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Idaho Strategic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Idaho Strategic Resources Backtested Returns
Currently, Idaho Strategic Resources is somewhat reliable. Idaho Strategic Resources holds Efficiency (Sharpe) Ratio of 0.0095, which attests that the entity had a 0.0095% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Idaho Strategic Resources, which you can use to evaluate the volatility of the firm. Please check out Idaho Strategic's Market Risk Adjusted Performance of (1.82), risk adjusted performance of 0.0457, and Downside Deviation of 4.86 to validate if the risk estimate we provide is consistent with the expected return of 0.0463%. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Idaho Strategic are expected to decrease at a much lower rate. During the bear market, Idaho Strategic is likely to outperform the market. Idaho Strategic Resources right now retains a risk of 4.89%. Please check out Idaho Strategic standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Idaho Strategic will be following its current trending patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Idaho Strategic Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Idaho Strategic time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Idaho Strategic Resources price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Idaho Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Idaho Strategic Resources lagged returns against current returns
Autocorrelation, which is Idaho Strategic 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 Idaho Strategic's stock expected returns. We can calculate the autocorrelation of Idaho Strategic returns to help us make a trade decision. For example, suppose you find that Idaho Strategic 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 |
Idaho Strategic 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 Idaho Strategic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Idaho Strategic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Idaho Strategic stock over time.
Current vs Lagged Prices |
| Timeline |
Idaho Strategic Lagged Returns
When evaluating Idaho Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Idaho Strategic stock have on its future price. Idaho Strategic 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, Idaho Strategic autocorrelation shows the relationship between Idaho Strategic stock current value and its past values and can show if there is a momentum factor associated with investing in Idaho Strategic Resources.
Regressed Prices |
| Timeline |
Pair Trading with Idaho Strategic
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 Idaho Strategic 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 Idaho Strategic will appreciate offsetting losses from the drop in the long position's value.Moving together with Idaho Stock
Moving against Idaho Stock
The ability to find closely correlated positions to Idaho Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idaho Strategic 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 Idaho Strategic - 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 Idaho Strategic Resources to buy it.
The correlation of Idaho Strategic 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 Idaho Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idaho Strategic Resources 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 Idaho Strategic 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 Idaho Stock Analysis
When running Idaho Strategic's price analysis, check to measure Idaho Strategic'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 Idaho Strategic is operating at the current time. Most of Idaho Strategic's value examination focuses on studying past and present price action to predict the probability of Idaho Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Idaho Strategic's price. Additionally, you may evaluate how the addition of Idaho Strategic to your portfolios can decrease your overall portfolio volatility.