Impala Platinum (Germany) Market Value
| IPHB Stock | EUR 5.50 0.08 1.48% |
| Symbol | Impala |
Impala Platinum '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 Impala Platinum'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 Impala Platinum.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Impala Platinum on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Impala Platinum Holdings or generate 0.0% return on investment in Impala Platinum over 30 days. Impala Platinum is related to or competes with BHP Group, Rio Tinto, Rio Tinto, Vale SA, Vale SA, Glencore Plc, and Glencore PLC. Impala Platinum Holdings Limited engages in mining, processing, refining, and marketing platinum and associated platinum... More
Impala Platinum 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 Impala Platinum'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 Impala Platinum Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.81 | |||
| Information Ratio | 0.1027 | |||
| Maximum Drawdown | 26.54 | |||
| Value At Risk | (5.92) | |||
| Potential Upside | 9.29 |
Impala Platinum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Impala Platinum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Impala Platinum's standard deviation. In reality, there are many statistical measures that can use Impala Platinum historical prices to predict the future Impala Platinum's volatility.| Risk Adjusted Performance | 0.11 | |||
| Jensen Alpha | 0.6339 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1219 | |||
| Treynor Ratio | (1.81) |
Impala Platinum Holdings Backtested Returns
Impala Platinum appears to be unstable, given 3 months investment horizon. Impala Platinum Holdings holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. By evaluating Impala Platinum's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Impala Platinum's Risk Adjusted Performance of 0.11, market risk adjusted performance of (1.80), and Downside Deviation of 3.81 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Impala Platinum holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Impala Platinum are expected to decrease at a much lower rate. During the bear market, Impala Platinum is likely to outperform the market. Please check Impala Platinum's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Impala Platinum's current trending patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Impala Platinum Holdings has good predictability. Overlapping area represents the amount of predictability between Impala Platinum time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Impala Platinum Holdings price movement. The serial correlation of 0.69 indicates that around 69.0% of current Impala Platinum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Impala Platinum Holdings lagged returns against current returns
Autocorrelation, which is Impala Platinum 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 Impala Platinum's stock expected returns. We can calculate the autocorrelation of Impala Platinum returns to help us make a trade decision. For example, suppose you find that Impala Platinum 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 |
Impala Platinum 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 Impala Platinum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Impala Platinum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Impala Platinum stock over time.
Current vs Lagged Prices |
| Timeline |
Impala Platinum Lagged Returns
When evaluating Impala Platinum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Impala Platinum stock have on its future price. Impala Platinum 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, Impala Platinum autocorrelation shows the relationship between Impala Platinum stock current value and its past values and can show if there is a momentum factor associated with investing in Impala Platinum Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Impala Stock
Impala Platinum financial ratios help investors to determine whether Impala Stock 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 Impala with respect to the benefits of owning Impala Platinum security.