IXUP (Australia) Market Value
| IXU Stock | 0.01 0 7.69% |
| Symbol | IXUP |
IXUP '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 IXUP'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 IXUP.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in IXUP on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding IXUP or generate 0.0% return on investment in IXUP over 30 days. IXUP is related to or competes with Aneka Tambang, BHP Group, Rio Tinto, Macquarie Group, Westpac Banking, Australia, and ANZ Group. IXUP is entity of Australia. It is traded as Stock on AU exchange. More
IXUP 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 IXUP'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 IXUP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 40.97 | |||
| Value At Risk | (11.54) | |||
| Potential Upside | 11.76 |
IXUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IXUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IXUP's standard deviation. In reality, there are many statistical measures that can use IXUP historical prices to predict the future IXUP's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (2.10) | |||
| Treynor Ratio | 2.37 |
IXUP Backtested Returns
IXUP holds Efficiency (Sharpe) Ratio of -0.0898, which attests that the entity had a -0.0898% return per unit of volatility over the last 3 months. IXUP exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IXUP's risk adjusted performance of (0.09), and Market Risk Adjusted Performance of 2.38 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IXUP are expected to decrease at a much lower rate. During the bear market, IXUP is likely to outperform the market. At this point, IXUP has a negative expected return of -0.66%. Please make sure to check out IXUP's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if IXUP performance from the past will be repeated at some future point.
Auto-correlation | -0.29 |
Weak reverse predictability
IXUP has weak reverse predictability. Overlapping area represents the amount of predictability between IXUP time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 IXUP price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current IXUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
IXUP lagged returns against current returns
Autocorrelation, which is IXUP 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 IXUP's stock expected returns. We can calculate the autocorrelation of IXUP returns to help us make a trade decision. For example, suppose you find that IXUP 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 |
IXUP 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 IXUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IXUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IXUP stock over time.
Current vs Lagged Prices |
| Timeline |
IXUP Lagged Returns
When evaluating IXUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IXUP stock have on its future price. IXUP 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, IXUP autocorrelation shows the relationship between IXUP stock current value and its past values and can show if there is a momentum factor associated with investing in IXUP.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for IXUP Stock Analysis
When running IXUP's price analysis, check to measure IXUP'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 IXUP is operating at the current time. Most of IXUP's value examination focuses on studying past and present price action to predict the probability of IXUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IXUP's price. Additionally, you may evaluate how the addition of IXUP to your portfolios can decrease your overall portfolio volatility.