Integra Resources Corp Stock Market Value
| ITR Stock | CAD 1.30 0.01 0.76% |
| Symbol | Integra |
Integra Resources Corp Price To Book Ratio
Integra Resources '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 Integra Resources' 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 Integra Resources.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Integra Resources on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Integra Resources Corp or generate 0.0% return on investment in Integra Resources over 30 days. Integra Resources is related to or competes with Liberty Gold, Rio2, Revival Gold, and O3 Mining. Integra Resources Corp., a development stage company, engages in the acquisition, exploration, and development of minera... More
Integra Resources 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 Integra Resources' 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 Integra Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.15 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 5.47 |
Integra Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integra Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integra Resources' standard deviation. In reality, there are many statistical measures that can use Integra Resources historical prices to predict the future Integra Resources' volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | 0.0544 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 11.96 |
Integra Resources Corp Backtested Returns
At this stage we consider Integra Stock to be very risky. Integra Resources Corp holds Efficiency (Sharpe) Ratio of 0.0062, which attests that the entity had a 0.0062% return per unit of risk over the last 3 months. We have found thirty technical indicators for Integra Resources Corp, which you can use to evaluate the volatility of the firm. Please check out Integra Resources' Market Risk Adjusted Performance of 11.97, downside deviation of 2.71, and Risk Adjusted Performance of 0.0244 to validate if the risk estimate we provide is consistent with the expected return of 0.0185%. The company retains a Market Volatility (i.e., Beta) of 0.0046, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Integra Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Integra Resources is expected to be smaller as well. Integra Resources Corp right now retains a risk of 2.96%. Please check out Integra Resources daily balance of power, market facilitation index, as well as the relationship between the expected short fall and value at risk , to decide if Integra Resources will be following its current trending patterns.
Auto-correlation | 0.16 |
Very weak predictability
Integra Resources Corp has very weak predictability. Overlapping area represents the amount of predictability between Integra Resources time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Integra Resources Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Integra Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Integra Resources Corp lagged returns against current returns
Autocorrelation, which is Integra Resources 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 Integra Resources' stock expected returns. We can calculate the autocorrelation of Integra Resources returns to help us make a trade decision. For example, suppose you find that Integra Resources 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 |
Integra Resources 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 Integra Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integra Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Integra Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Integra Resources Lagged Returns
When evaluating Integra Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integra Resources stock have on its future price. Integra Resources 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, Integra Resources autocorrelation shows the relationship between Integra Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Integra Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Integra Stock Analysis
When running Integra Resources' price analysis, check to measure Integra Resources' 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 Integra Resources is operating at the current time. Most of Integra Resources' value examination focuses on studying past and present price action to predict the probability of Integra Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Integra Resources' price. Additionally, you may evaluate how the addition of Integra Resources to your portfolios can decrease your overall portfolio volatility.