Iress (Australia) Market Value
| IRE Stock | 9.29 0.10 1.06% |
| Symbol | Iress |
Iress '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 Iress' 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 Iress.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Iress on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Iress or generate 0.0% return on investment in Iress over 720 days. Iress is related to or competes with OOhMedia, Infomedia, Collins Foods, Lendlease, Prime Financial, and Magellan Financial. Iress is entity of Australia. It is traded as Stock on AU exchange. More
Iress 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 Iress' 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 Iress upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.2 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.93 |
Iress Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iress' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iress' standard deviation. In reality, there are many statistical measures that can use Iress historical prices to predict the future Iress' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.29) |
Iress Backtested Returns
Iress holds Efficiency (Sharpe) Ratio of -0.0666, which attests that the entity had a -0.0666% return per unit of risk over the last 3 months. Iress exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iress' Market Risk Adjusted Performance of (0.28), standard deviation of 1.13, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Iress' returns are expected to increase less than the market. However, during the bear market, the loss of holding Iress is expected to be smaller as well. At this point, Iress has a negative expected return of -0.0748%. Please make sure to check out Iress' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Iress performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Iress has very good reverse predictability. Overlapping area represents the amount of predictability between Iress time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Iress price movement. The serial correlation of -0.69 indicates that around 69.0% of current Iress price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Iress lagged returns against current returns
Autocorrelation, which is Iress 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 Iress' stock expected returns. We can calculate the autocorrelation of Iress returns to help us make a trade decision. For example, suppose you find that Iress 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 |
Iress 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 Iress stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iress stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iress stock over time.
Current vs Lagged Prices |
| Timeline |
Iress Lagged Returns
When evaluating Iress' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iress stock have on its future price. Iress 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, Iress autocorrelation shows the relationship between Iress stock current value and its past values and can show if there is a momentum factor associated with investing in Iress.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Iress Stock Analysis
When running Iress' price analysis, check to measure Iress' 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 Iress is operating at the current time. Most of Iress' value examination focuses on studying past and present price action to predict the probability of Iress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iress' price. Additionally, you may evaluate how the addition of Iress to your portfolios can decrease your overall portfolio volatility.