Igg Inc Stock Market Value
| IGGGF Stock | USD 0.48 0.05 9.43% |
| Symbol | IGG |
IGG '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 IGG'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 IGG.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in IGG on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding IGG Inc or generate 0.0% return on investment in IGG over 360 days. IGG is related to or competes with GDEV, Doubledown Interactive, Playstudios, and SohuCom. IGG Inc, an investment holding company, engages in the development and operation of mobile and online games in Asia, Nor... More
IGG 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 IGG'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 IGG Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.086 | |||
| Maximum Drawdown | 56.26 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 7.55 |
IGG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IGG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IGG's standard deviation. In reality, there are many statistical measures that can use IGG historical prices to predict the future IGG's volatility.| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 0.9051 | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (2.90) |
IGG Inc Backtested Returns
IGG is out of control given 3 months investment horizon. IGG Inc holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use IGG Inc Coefficient Of Variation of 989.36, market risk adjusted performance of (2.89), and Risk Adjusted Performance of 0.0866 to evaluate company specific risk that cannot be diversified away. IGG holds a performance score of 12 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IGG are expected to decrease at a much lower rate. During the bear market, IGG is likely to outperform the market. Use IGG Inc jensen alpha, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to analyze future returns on IGG Inc.
Auto-correlation | 0.15 |
Insignificant predictability
IGG Inc has insignificant predictability. Overlapping area represents the amount of predictability between IGG time series from 1st of December 2023 to 29th of May 2024 and 29th of May 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 IGG Inc price movement. The serial correlation of 0.15 indicates that less than 15.0% of current IGG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
IGG Inc lagged returns against current returns
Autocorrelation, which is IGG 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 IGG's pink sheet expected returns. We can calculate the autocorrelation of IGG returns to help us make a trade decision. For example, suppose you find that IGG 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 |
IGG 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 IGG pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IGG pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IGG pink sheet over time.
Current vs Lagged Prices |
| Timeline |
IGG Lagged Returns
When evaluating IGG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IGG pink sheet have on its future price. IGG 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, IGG autocorrelation shows the relationship between IGG pink sheet current value and its past values and can show if there is a momentum factor associated with investing in IGG Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in IGG Pink Sheet
IGG financial ratios help investors to determine whether IGG Pink Sheet 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 IGG security.