Ironveld Plc (UK) Market Value
| IRON Stock | 0.04 0.0005 1.37% |
| Symbol | Ironveld |
Ironveld Plc '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 Ironveld Plc'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 Ironveld Plc.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Ironveld Plc on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Ironveld Plc or generate 0.0% return on investment in Ironveld Plc over 540 days. Ironveld Plc is related to or competes with Centamin PLC, and Anglo Asian. Ironveld Plc is entity of United Kingdom More
Ironveld Plc 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 Ironveld Plc'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 Ironveld Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.85 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 1.43 |
Ironveld Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ironveld Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ironveld Plc's standard deviation. In reality, there are many statistical measures that can use Ironveld Plc historical prices to predict the future Ironveld Plc's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 0.6443 |
Ironveld Plc Backtested Returns
Ironveld Plc holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Ironveld Plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ironveld Plc's Standard Deviation of 2.58, risk adjusted performance of (0.10), and Market Risk Adjusted Performance of 0.6543 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ironveld Plc are expected to decrease at a much lower rate. During the bear market, Ironveld Plc is likely to outperform the market. At this point, Ironveld Plc has a negative expected return of -0.38%. Please make sure to check out Ironveld Plc's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Ironveld Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Ironveld Plc has good predictability. Overlapping area represents the amount of predictability between Ironveld Plc time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Ironveld Plc price movement. The serial correlation of 0.7 indicates that around 70.0% of current Ironveld Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ironveld Plc lagged returns against current returns
Autocorrelation, which is Ironveld Plc 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 Ironveld Plc's stock expected returns. We can calculate the autocorrelation of Ironveld Plc returns to help us make a trade decision. For example, suppose you find that Ironveld Plc 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 |
Ironveld Plc 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 Ironveld Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ironveld Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ironveld Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Ironveld Plc Lagged Returns
When evaluating Ironveld Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ironveld Plc stock have on its future price. Ironveld Plc 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, Ironveld Plc autocorrelation shows the relationship between Ironveld Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Ironveld Plc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Ironveld Stock Analysis
When running Ironveld Plc's price analysis, check to measure Ironveld Plc'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 Ironveld Plc is operating at the current time. Most of Ironveld Plc's value examination focuses on studying past and present price action to predict the probability of Ironveld Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ironveld Plc's price. Additionally, you may evaluate how the addition of Ironveld Plc to your portfolios can decrease your overall portfolio volatility.