International Metals Mining Stock Market Value
| IMM Stock | CAD 0.07 0.01 6.67% |
| Symbol | International |
International Metals '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 International Metals' 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 International Metals.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in International Metals on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding International Metals Mining or generate 0.0% return on investment in International Metals over 30 days. International Metals is related to or competes with NeuPath Health, Constellation Software, Sparx Technology, and Evertz Technologies. Immunotec Inc. develops, manufactures, markets, and sells natural health products, dietary supplements, and cosmetics in Canada, the United States, Mexico, and internationally. More
International Metals 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 International Metals' 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 International Metals Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 65.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.29 |
International Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Metals' standard deviation. In reality, there are many statistical measures that can use International Metals historical prices to predict the future International Metals' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.1048 |
International Metals Backtested Returns
International Metals holds Efficiency (Sharpe) Ratio of -0.0688, which attests that the entity had a -0.0688% return per unit of risk over the last 3 months. International Metals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Metals' Standard Deviation of 9.35, market risk adjusted performance of 0.1148, and insignificant Risk Adjusted Performance to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.36, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning International Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, International Metals is expected to outperform it. At this point, International Metals has a negative expected return of -0.54%. Please make sure to check out International Metals' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if International Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
International Metals Mining has good predictability. Overlapping area represents the amount of predictability between International Metals time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd of December 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 International Metals price movement. The serial correlation of 0.77 indicates that around 77.0% of current International Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
International Metals lagged returns against current returns
Autocorrelation, which is International Metals 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 International Metals' stock expected returns. We can calculate the autocorrelation of International Metals returns to help us make a trade decision. For example, suppose you find that International Metals 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 |
International Metals 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 International Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Metals stock over time.
Current vs Lagged Prices |
| Timeline |
International Metals Lagged Returns
When evaluating International Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Metals stock have on its future price. International Metals 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, International Metals autocorrelation shows the relationship between International Metals stock current value and its past values and can show if there is a momentum factor associated with investing in International Metals Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for International Stock Analysis
When running International Metals' price analysis, check to measure International Metals' 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 International Metals is operating at the current time. Most of International Metals' value examination focuses on studying past and present price action to predict the probability of International Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Metals' price. Additionally, you may evaluate how the addition of International Metals to your portfolios can decrease your overall portfolio volatility.