Indo Global Exchange Stock Market Value
| IGEX Stock | USD 0.0006 0.0001 14.29% |
| Symbol | Indo |
Indo Global '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 Indo Global's pink sheet 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 Indo Global.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Indo Global on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Indo Global Exchange or generate 0.0% return on investment in Indo Global over 30 days. Indo Global is related to or competes with Avicanna. Indo Global Exchange PTE, Ltd., a development stage company, focuses on providing financial market access to customers w... More
Indo Global 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 Indo Global's pink sheet 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 Indo Global Exchange upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.92 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 48.57 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 20.0 |
Indo Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Global's standard deviation. In reality, there are many statistical measures that can use Indo Global historical prices to predict the future Indo Global's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | 0.6114 | |||
| Total Risk Alpha | 0.4252 | |||
| Sortino Ratio | 0.0304 | |||
| Treynor Ratio | 0.9132 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indo Global'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.
Indo Global Exchange Backtested Returns
Indo Global appears to be out of control, given 3 months investment horizon. Indo Global Exchange holds Efficiency (Sharpe) Ratio of 0.0773, which attests that the entity had a 0.0773% return per unit of risk over the last 3 months. By evaluating Indo Global's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Indo Global's Risk Adjusted Performance of 0.0716, market risk adjusted performance of 0.9232, and Downside Deviation of 19.92 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indo Global holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Indo Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indo Global is expected to be smaller as well. Please check Indo Global's jensen alpha and the relationship between the value at risk and day typical price , to make a quick decision on whether Indo Global's current trending patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Indo Global Exchange has weak reverse predictability. Overlapping area represents the amount of predictability between Indo Global time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Indo Global Exchange price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Indo Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Indo Global Exchange lagged returns against current returns
Autocorrelation, which is Indo Global pink sheet'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 Indo Global's pink sheet expected returns. We can calculate the autocorrelation of Indo Global returns to help us make a trade decision. For example, suppose you find that Indo Global has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Indo Global 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 Indo Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Indo Global Lagged Returns
When evaluating Indo Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Global pink sheet have on its future price. Indo Global 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, Indo Global autocorrelation shows the relationship between Indo Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Indo Global Exchange.
Regressed Prices |
| Timeline |
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Additional Tools for Indo Pink Sheet Analysis
When running Indo Global's price analysis, check to measure Indo Global'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 Indo Global is operating at the current time. Most of Indo Global's value examination focuses on studying past and present price action to predict the probability of Indo Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indo Global's price. Additionally, you may evaluate how the addition of Indo Global to your portfolios can decrease your overall portfolio volatility.