IDP Education (Australia) Market Value
| IEL Stock | 12.29 0.04 0.32% |
| Symbol | IDP |
IDP Education '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 IDP Education'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 IDP Education.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in IDP Education on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding IDP Education or generate 0.0% return on investment in IDP Education over 690 days. IDP Education is related to or competes with Kip McGrath, Embark Education, Richmond Vanadium, G8 Education, Super Retail, and Charter Hall. IDP Education is entity of Australia. It is traded as Stock on AU exchange. More
IDP Education 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 IDP Education'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 IDP Education upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 12.92 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 3.11 |
IDP Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDP Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDP Education's standard deviation. In reality, there are many statistical measures that can use IDP Education historical prices to predict the future IDP Education's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 2.46 |
IDP Education Backtested Returns
IDP Education holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of volatility over the last 3 months. IDP Education exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IDP Education's market risk adjusted performance of 2.47, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. 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 IDP Education are expected to decrease at a much lower rate. During the bear market, IDP Education is likely to outperform the market. At this point, IDP Education has a negative expected return of -0.33%. Please make sure to check out IDP Education's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if IDP Education performance from the past will be repeated in the future.
Auto-correlation | 0.79 |
Good predictability
IDP Education has good predictability. Overlapping area represents the amount of predictability between IDP Education time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 IDP Education price movement. The serial correlation of 0.79 indicates that around 79.0% of current IDP Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 4.87 |
IDP Education lagged returns against current returns
Autocorrelation, which is IDP Education 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 IDP Education's stock expected returns. We can calculate the autocorrelation of IDP Education returns to help us make a trade decision. For example, suppose you find that IDP Education 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 |
IDP Education 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 IDP Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDP Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDP Education stock over time.
Current vs Lagged Prices |
| Timeline |
IDP Education Lagged Returns
When evaluating IDP Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDP Education stock have on its future price. IDP Education 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, IDP Education autocorrelation shows the relationship between IDP Education stock current value and its past values and can show if there is a momentum factor associated with investing in IDP Education.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for IDP Stock Analysis
When running IDP Education's price analysis, check to measure IDP Education'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 IDP Education is operating at the current time. Most of IDP Education's value examination focuses on studying past and present price action to predict the probability of IDP Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDP Education's price. Additionally, you may evaluate how the addition of IDP Education to your portfolios can decrease your overall portfolio volatility.