Igo Limited Stock Market Value
| IIDDY Stock | USD 6.80 0.00 0.00% |
| Symbol | IGO |
IGO '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 IGO'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 IGO.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in IGO on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding IGO Limited or generate 0.0% return on investment in IGO over 720 days. IGO is related to or competes with Mundoro Capital. IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets ... More
IGO 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 IGO'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 IGO Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 20.69 |
IGO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IGO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IGO's standard deviation. In reality, there are many statistical measures that can use IGO historical prices to predict the future IGO's volatility.| Risk Adjusted Performance | 0.0757 | |||
| Jensen Alpha | 0.3134 | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IGO'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.
IGO Limited Backtested Returns
IGO appears to be slightly risky, given 3 months investment horizon. IGO Limited holds Efficiency (Sharpe) Ratio of 0.0914, which attests that the entity had a 0.0914% return per unit of volatility over the last 3 months. We have found sixteen technical indicators for IGO Limited, which you can use to evaluate the volatility of the firm. Please utilize IGO's risk adjusted performance of 0.0757, and Market Risk Adjusted Performance of (0.32) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IGO holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IGO are expected to decrease at a much lower rate. During the bear market, IGO is likely to outperform the market. Please check IGO's information ratio and rate of daily change , to make a quick decision on whether IGO's current trending patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
IGO Limited has modest predictability. Overlapping area represents the amount of predictability between IGO time series from 7th of December 2022 to 2nd of December 2023 and 2nd 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 IGO Limited price movement. The serial correlation of 0.52 indicates that about 52.0% of current IGO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 2.47 |
IGO Limited lagged returns against current returns
Autocorrelation, which is IGO 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 IGO's pink sheet expected returns. We can calculate the autocorrelation of IGO returns to help us make a trade decision. For example, suppose you find that IGO 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 |
IGO 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 IGO pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IGO pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IGO pink sheet over time.
Current vs Lagged Prices |
| Timeline |
IGO Lagged Returns
When evaluating IGO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IGO pink sheet have on its future price. IGO 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, IGO autocorrelation shows the relationship between IGO pink sheet current value and its past values and can show if there is a momentum factor associated with investing in IGO Limited.
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.Additional Tools for IGO Pink Sheet Analysis
When running IGO's price analysis, check to measure IGO'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 IGO is operating at the current time. Most of IGO's value examination focuses on studying past and present price action to predict the probability of IGO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGO's price. Additionally, you may evaluate how the addition of IGO to your portfolios can decrease your overall portfolio volatility.