IperionX (Australia) Market Value
| IPX Stock | 4.34 0.13 2.91% |
| Symbol | IperionX |
IperionX '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 IperionX'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 IperionX.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in IperionX on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding IperionX Limited or generate 0.0% return on investment in IperionX over 30 days. IperionX is related to or competes with MotorCycle Holdings, Cleanaway Waste, Infomedia, and Clime Investment. IperionX is entity of Australia. It is traded as Stock on AU exchange. More
IperionX 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 IperionX'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 IperionX Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.2072 | |||
| Maximum Drawdown | 17.63 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 8.19 |
IperionX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IperionX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IperionX's standard deviation. In reality, there are many statistical measures that can use IperionX historical prices to predict the future IperionX's volatility.| Risk Adjusted Performance | 0.1913 | |||
| Jensen Alpha | 0.8565 | |||
| Total Risk Alpha | 0.3375 | |||
| Sortino Ratio | 0.2686 | |||
| Treynor Ratio | 1.5 |
IperionX Limited Backtested Returns
IperionX appears to be moderately volatile, given 3 months investment horizon. IperionX Limited holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating IperionX's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please utilize IperionX's Downside Deviation of 3.02, market risk adjusted performance of 1.51, and Risk Adjusted Performance of 0.1913 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IperionX holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IperionX's returns are expected to increase less than the market. However, during the bear market, the loss of holding IperionX is expected to be smaller as well. Please check IperionX's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether IperionX's current trending patterns will revert.
Auto-correlation | 0.74 |
Good predictability
IperionX Limited has good predictability. Overlapping area represents the amount of predictability between IperionX time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 IperionX Limited price movement. The serial correlation of 0.74 indicates that around 74.0% of current IperionX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
IperionX Limited lagged returns against current returns
Autocorrelation, which is IperionX 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 IperionX's stock expected returns. We can calculate the autocorrelation of IperionX returns to help us make a trade decision. For example, suppose you find that IperionX 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 |
IperionX 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 IperionX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IperionX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IperionX stock over time.
Current vs Lagged Prices |
| Timeline |
IperionX Lagged Returns
When evaluating IperionX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IperionX stock have on its future price. IperionX 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, IperionX autocorrelation shows the relationship between IperionX stock current value and its past values and can show if there is a momentum factor associated with investing in IperionX Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for IperionX Stock Analysis
When running IperionX's price analysis, check to measure IperionX'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 IperionX is operating at the current time. Most of IperionX's value examination focuses on studying past and present price action to predict the probability of IperionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IperionX's price. Additionally, you may evaluate how the addition of IperionX to your portfolios can decrease your overall portfolio volatility.