Ivanhoe Energy Stock Market Value
| IE Stock | 12.28 1.05 7.88% |
| Symbol | Ivanhoe |
Ivanhoe Energy Price To Book Ratio
Ivanhoe Energy '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 Ivanhoe Energy'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 Ivanhoe Energy.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ivanhoe Energy on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ivanhoe Energy or generate 0.0% return on investment in Ivanhoe Energy over 90 days. Ivanhoe Energy is related to or competes with Questerre Energy, Ivanhoe Mines, Eastern Platinum, IShares Canadian, Altagas Cum, European Residential, and RBC Discount. Ivanhoe Energy Inc., an independent heavy oil development company, develops and produces oil and gas in Canada, Ecuador, and Mangolia. More
Ivanhoe Energy 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 Ivanhoe Energy'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 Ivanhoe Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 19.82 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 5.97 |
Ivanhoe Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ivanhoe Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ivanhoe Energy's standard deviation. In reality, there are many statistical measures that can use Ivanhoe Energy historical prices to predict the future Ivanhoe Energy's volatility.| Risk Adjusted Performance | 0.1279 | |||
| Jensen Alpha | 0.5383 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1481 | |||
| Treynor Ratio | 1.8 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ivanhoe Energy'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.
Ivanhoe Energy Backtested Returns
Ivanhoe Energy appears to be somewhat reliable, given 3 months investment horizon. Ivanhoe Energy holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. By evaluating Ivanhoe Energy's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Ivanhoe Energy's Risk Adjusted Performance of 0.1279, market risk adjusted performance of 1.81, and Downside Deviation of 3.09 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ivanhoe Energy holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ivanhoe Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ivanhoe Energy is expected to be smaller as well. Please check Ivanhoe Energy's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Ivanhoe Energy's current trending patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Ivanhoe Energy has poor reverse predictability. Overlapping area represents the amount of predictability between Ivanhoe Energy time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Ivanhoe Energy price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Ivanhoe Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Ivanhoe Energy lagged returns against current returns
Autocorrelation, which is Ivanhoe Energy 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 Ivanhoe Energy's stock expected returns. We can calculate the autocorrelation of Ivanhoe Energy returns to help us make a trade decision. For example, suppose you find that Ivanhoe Energy 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 |
Ivanhoe Energy 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 Ivanhoe Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ivanhoe Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ivanhoe Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Ivanhoe Energy Lagged Returns
When evaluating Ivanhoe Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ivanhoe Energy stock have on its future price. Ivanhoe Energy 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, Ivanhoe Energy autocorrelation shows the relationship between Ivanhoe Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Ivanhoe Energy.
Regressed Prices |
| Timeline |
Pair Trading with Ivanhoe Energy
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 Ivanhoe Energy 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 Ivanhoe Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Ivanhoe Stock
Moving against Ivanhoe Stock
The ability to find closely correlated positions to Ivanhoe Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ivanhoe Energy 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 Ivanhoe Energy - 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 Ivanhoe Energy to buy it.
The correlation of Ivanhoe Energy 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 Ivanhoe Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ivanhoe Energy 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 Ivanhoe Energy 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.Other Information on Investing in Ivanhoe Stock
Ivanhoe Energy financial ratios help investors to determine whether Ivanhoe Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ivanhoe with respect to the benefits of owning Ivanhoe Energy security.