Iamgold Stock Market Value
| IMG Stock | CAD 7.48 0.51 6.38% |
| Symbol | IAMGold |
IAMGold Price To Book Ratio
IAMGold '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 IAMGold'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 IAMGold.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in IAMGold on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding IAMGold or generate 0.0% return on investment in IAMGold over 720 days. IAMGold is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Afr... More
IAMGold 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 IAMGold'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 IAMGold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0273 | |||
| Maximum Drawdown | 24.56 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 6.77 |
IAMGold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IAMGold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IAMGold's standard deviation. In reality, there are many statistical measures that can use IAMGold historical prices to predict the future IAMGold's volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 0.2251 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | (6.98) |
IAMGold Backtested Returns
IAMGold appears to be slightly risky, given 3 months investment horizon. IAMGold holds Efficiency (Sharpe) Ratio of 0.0659, which attests that the company had a 0.0659% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for IAMGold, which you can use to evaluate the volatility of the entity. Please utilize IAMGold's semi deviation of 2.77, and Market Risk Adjusted Performance of (6.97) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IAMGold holds a performance score of 5. The firm retains a Market Volatility (i.e., Beta) of -0.0317, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IAMGold are expected to decrease at a much lower rate. During the bear market, IAMGold is likely to outperform the market. Please check IAMGold's downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether IAMGold's current trending patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
IAMGold has insignificant reverse predictability. Overlapping area represents the amount of predictability between IAMGold 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 IAMGold price movement. The serial correlation of -0.16 indicates that over 16.0% of current IAMGold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
IAMGold lagged returns against current returns
Autocorrelation, which is IAMGold 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 IAMGold's stock expected returns. We can calculate the autocorrelation of IAMGold returns to help us make a trade decision. For example, suppose you find that IAMGold 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 |
IAMGold 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 IAMGold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IAMGold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IAMGold stock over time.
Current vs Lagged Prices |
| Timeline |
IAMGold Lagged Returns
When evaluating IAMGold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IAMGold stock have on its future price. IAMGold 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, IAMGold autocorrelation shows the relationship between IAMGold stock current value and its past values and can show if there is a momentum factor associated with investing in IAMGold.
Regressed Prices |
| Timeline |
Pair Trading with IAMGold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IAMGold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IAMGold will appreciate offsetting losses from the drop in the long position's value.Moving together with IAMGold Stock
The ability to find closely correlated positions to IAMGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAMGold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IAMGold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IAMGold to buy it.
The correlation of IAMGold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IAMGold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out IAMGold Correlation, IAMGold Volatility and IAMGold Alpha and Beta module to complement your research on IAMGold. To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
IAMGold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.