Integra Resources Corp Stock Market Value
| ITRG Stock | USD 0.90 0.01 1.10% |
| Symbol | Integra |
Integra Resources Corp Price To Book Ratio
Is Diversified Metals & Mining 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 Integra Resources. If investors know Integra 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 Integra Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Return On Assets (0.18) | Return On Equity (0.57) |
The market value of Integra Resources Corp is measured differently than its book value, which is the value of Integra that is recorded on the company's balance sheet. Investors also form their own opinion of Integra Resources' value that differs from its market value or its book value, called intrinsic value, which is Integra Resources' 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 Integra Resources' market value can be influenced by many factors that don't directly affect Integra Resources' 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 Integra Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Integra Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Integra Resources' 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.
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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Integra Resources on October 30, 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 Silver Tiger, Defiance Silver, Summa Silver, AbraSilver Resource, GoGold Resources, Endeavour Silver, and Metalla Royalty. Integra Resources Corp., a mineral resources 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.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 20.97 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 5.32 |
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 | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.18) |
Integra Resources Corp Backtested Returns
At this point, Integra Resources is extremely dangerous. Integra Resources Corp holds Efficiency (Sharpe) Ratio of 0.0114, which attests that the entity had a 0.0114% return per unit of risk over the last 3 months. We have found twenty-three 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 (0.17), standard deviation of 3.44, and Risk Adjusted Performance of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0394%. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. 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 3.45%. Please check out Integra Resources maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Integra Resources will be following its current trending patterns.
Auto-correlation | 0.32 |
Below average predictability
Integra Resources Corp has below average predictability. Overlapping area represents the amount of predictability between Integra Resources time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Integra Resources Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Integra Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.23 | |
| 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 |
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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 |
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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 |
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Currently Active Assets on Macroaxis
When determining whether Integra Resources Corp is a strong investment it is important to analyze Integra Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Integra Resources' future performance. For an informed investment choice regarding Integra Stock, refer to the following important reports:Check out Integra Resources Correlation, Integra Resources Volatility and Integra Resources Alpha and Beta module to complement your research on Integra Resources. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Integra Resources 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.