IG Group (UK) Market Value
| IGG Stock | 947.50 13.00 1.39% |
| Symbol | IGG |
IG Group '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 IG Group'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 IG Group.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in IG Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding IG Group Holdings or generate 0.0% return on investment in IG Group over 30 days. IG Group is related to or competes with Albion Technology, Celebrus Technologies, Pfeiffer Vacuum, Microchip Technology, AIM ImmunoTech, Charter Communications, and Made Tech. IG Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
IG Group 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 IG Group'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 IG Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.18 |
IG Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IG Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IG Group's standard deviation. In reality, there are many statistical measures that can use IG Group historical prices to predict the future IG Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.05) |
IG Group Holdings Backtested Returns
At this point, IG Group is very steady. IG Group Holdings retains Efficiency (Sharpe Ratio) of 0.0213, which attests that the entity had a 0.0213% return per unit of price deviation over the last 3 months. We have found twenty-three technical indicators for IG Group, which you can use to evaluate the volatility of the firm. Please check out IG Group's Information Ratio of (0.15), market risk adjusted performance of (0.04), and Coefficient Of Variation of (7,426) to validate if the risk estimate we provide is consistent with the expected return of 0.0184%. IG Group has a performance score of 1 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IG Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding IG Group is expected to be smaller as well. IG Group Holdings today owns a risk of 0.86%. Please check out IG Group Holdings coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if IG Group Holdings will be following its current price history.
Auto-correlation | 0.65 |
Good predictability
IG Group Holdings has good predictability. Overlapping area represents the amount of predictability between IG Group time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 IG Group Holdings price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current IG Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 77.64 |
IG Group Holdings lagged returns against current returns
Autocorrelation, which is IG Group 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 IG Group's stock expected returns. We can calculate the autocorrelation of IG Group returns to help us make a trade decision. For example, suppose you find that IG Group 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 |
IG Group 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 IG Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IG Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IG Group stock over time.
Current vs Lagged Prices |
| Timeline |
IG Group Lagged Returns
When evaluating IG Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IG Group stock have on its future price. IG Group 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, IG Group autocorrelation shows the relationship between IG Group stock current value and its past values and can show if there is a momentum factor associated with investing in IG Group Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in IGG Stock
IG Group financial ratios help investors to determine whether IGG 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 IGG with respect to the benefits of owning IG Group security.