Iluka Resources Ltd Stock Market Value
| ILKAY Stock | USD 19.00 0.02 0.11% |
| Symbol | Iluka |
Iluka Resources '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 Iluka Resources' 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 Iluka Resources.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Iluka Resources on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Iluka Resources Ltd or generate 0.0% return on investment in Iluka Resources over 30 days. Iluka Resources is related to or competes with Mundoro Capital. Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitati... More
Iluka Resources 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 Iluka Resources' 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 Iluka Resources Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.98 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 24.85 | |||
| Value At Risk | (5.25) | |||
| Potential Upside | 5.05 |
Iluka Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iluka Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iluka Resources' standard deviation. In reality, there are many statistical measures that can use Iluka Resources historical prices to predict the future Iluka Resources' volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.03) |
Iluka Resources Backtested Returns
At this stage we consider Iluka Pink Sheet to be not too volatile. Iluka Resources holds Efficiency (Sharpe) Ratio of 0.0342, which attests that the entity had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Iluka Resources, which you can use to evaluate the volatility of the firm. Please check out Iluka Resources' Downside Deviation of 5.98, market risk adjusted performance of (0.02), and Risk Adjusted Performance of 0.0079 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Iluka Resources has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Iluka Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Iluka Resources is expected to be smaller as well. Iluka Resources right now retains a risk of 3.25%. Please check out Iluka Resources potential upside, as well as the relationship between the kurtosis and price action indicator , to decide if Iluka Resources will be following its current trending patterns.
Auto-correlation | 0.35 |
Below average predictability
Iluka Resources Ltd has below average predictability. Overlapping area represents the amount of predictability between Iluka Resources time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Iluka Resources price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Iluka Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Iluka Resources lagged returns against current returns
Autocorrelation, which is Iluka Resources 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 Iluka Resources' pink sheet expected returns. We can calculate the autocorrelation of Iluka Resources returns to help us make a trade decision. For example, suppose you find that Iluka Resources 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 |
Iluka Resources 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 Iluka Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iluka Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iluka Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Iluka Resources Lagged Returns
When evaluating Iluka Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iluka Resources pink sheet have on its future price. Iluka Resources 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, Iluka Resources autocorrelation shows the relationship between Iluka Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Iluka Resources Ltd.
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 Iluka Pink Sheet Analysis
When running Iluka Resources' price analysis, check to measure Iluka Resources' 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 Iluka Resources is operating at the current time. Most of Iluka Resources' value examination focuses on studying past and present price action to predict the probability of Iluka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iluka Resources' price. Additionally, you may evaluate how the addition of Iluka Resources to your portfolios can decrease your overall portfolio volatility.