Iron Road (Australia) Market Value
| IRD Stock | 0.06 0 1.64% |
| Symbol | Iron |
Iron Road '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 Iron Road'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 Iron Road.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Iron Road on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Iron Road or generate 0.0% return on investment in Iron Road over 720 days. Iron Road is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, and De Grey. Iron Road is entity of Australia. It is traded as Stock on AU exchange. More
Iron Road 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 Iron Road'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 Iron Road upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 17.49 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.06 |
Iron Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iron Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iron Road's standard deviation. In reality, there are many statistical measures that can use Iron Road historical prices to predict the future Iron Road's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.25) |
Iron Road Backtested Returns
Iron Road holds Efficiency (Sharpe) Ratio of -0.0764, which attests that the entity had a -0.0764% return per unit of risk over the last 3 months. Iron Road exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iron Road's Risk Adjusted Performance of (0.05), standard deviation of 3.6, and Market Risk Adjusted Performance of (0.24) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.11, which attests to a somewhat significant risk relative to the market. Iron Road returns are very sensitive to returns on the market. As the market goes up or down, Iron Road is expected to follow. At this point, Iron Road has a negative expected return of -0.28%. Please make sure to check out Iron Road's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Iron Road performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Iron Road has weak reverse predictability. Overlapping area represents the amount of predictability between Iron Road time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Iron Road price movement. The serial correlation of -0.25 indicates that over 25.0% of current Iron Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iron Road lagged returns against current returns
Autocorrelation, which is Iron Road 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 Iron Road's stock expected returns. We can calculate the autocorrelation of Iron Road returns to help us make a trade decision. For example, suppose you find that Iron Road 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 |
Iron Road 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 Iron Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iron Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iron Road stock over time.
Current vs Lagged Prices |
| Timeline |
Iron Road Lagged Returns
When evaluating Iron Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iron Road stock have on its future price. Iron Road 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, Iron Road autocorrelation shows the relationship between Iron Road stock current value and its past values and can show if there is a momentum factor associated with investing in Iron Road.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Iron Stock Analysis
When running Iron Road's price analysis, check to measure Iron Road'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 Iron Road is operating at the current time. Most of Iron Road's value examination focuses on studying past and present price action to predict the probability of Iron Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iron Road's price. Additionally, you may evaluate how the addition of Iron Road to your portfolios can decrease your overall portfolio volatility.