Iridium Communications Stock Market Value
| IRDM Stock | USD 28.48 0.57 2.04% |
| Symbol | Iridium |
Iridium Communications Price To Book Ratio
Is Diversified Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Iridium Communications. If investors know Iridium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Iridium Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.074 | Dividend Share 0.54 | Earnings Share 0.93 | Revenue Per Share 6.697 | Quarterly Revenue Growth 0.077 |
The market value of Iridium Communications is measured differently than its book value, which is the value of Iridium that is recorded on the company's balance sheet. Investors also form their own opinion of Iridium Communications' value that differs from its market value or its book value, called intrinsic value, which is Iridium Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Iridium Communications' market value can be influenced by many factors that don't directly affect Iridium Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Iridium Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Iridium Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iridium Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Iridium Communications '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 Iridium Communications' 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 Iridium Communications.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Iridium Communications on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Iridium Communications or generate 0.0% return on investment in Iridium Communications over 30 days. Iridium Communications is related to or competes with IHS Holding, Cogent Communications, IDT, Cable One, InterDigital, ATN International, and Liberty Broadband. Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the Unite... More
Iridium Communications 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 Iridium Communications' 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 Iridium Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0013 | |||
| Maximum Drawdown | 17.08 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 3.63 |
Iridium Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iridium Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iridium Communications' standard deviation. In reality, there are many statistical measures that can use Iridium Communications historical prices to predict the future Iridium Communications' volatility.| Risk Adjusted Performance | 0.0333 | |||
| Jensen Alpha | 0.043 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0012 | |||
| Treynor Ratio | 0.1651 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iridium Communications' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Iridium Communications Backtested Returns
As of now, Iridium Stock is not too volatile. Iridium Communications holds Efficiency (Sharpe) Ratio of 0.0443, which attests that the entity had a 0.0443% return per unit of risk over the last 3 months. We have found thirty technical indicators for Iridium Communications, which you can use to evaluate the volatility of the firm. Please check out Iridium Communications' Downside Deviation of 2.94, risk adjusted performance of 0.0333, and Market Risk Adjusted Performance of 0.1751 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Iridium Communications has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Iridium Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Iridium Communications is expected to be smaller as well. Iridium Communications right now retains a risk of 2.91%. Please check out Iridium Communications total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Iridium Communications will be following its current trending patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Iridium Communications has modest reverse predictability. Overlapping area represents the amount of predictability between Iridium Communications time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Iridium Communications price movement. The serial correlation of -0.48 indicates that about 48.0% of current Iridium Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Iridium Communications lagged returns against current returns
Autocorrelation, which is Iridium Communications 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 Iridium Communications' stock expected returns. We can calculate the autocorrelation of Iridium Communications returns to help us make a trade decision. For example, suppose you find that Iridium Communications 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 |
Iridium Communications 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 Iridium Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iridium Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iridium Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Iridium Communications Lagged Returns
When evaluating Iridium Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iridium Communications stock have on its future price. Iridium Communications 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, Iridium Communications autocorrelation shows the relationship between Iridium Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Iridium Communications.
Regressed Prices |
| Timeline |
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Iridium Communications 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.