International Zeolite Corp Stock Market Value
| IZ Stock | CAD 0.02 0.01 20.00% |
| Symbol | International |
International Zeolite Price To Book Ratio
International Zeolite '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 International Zeolite'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 International Zeolite.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in International Zeolite on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding International Zeolite Corp or generate 0.0% return on investment in International Zeolite over 270 days. International Zeolite is related to or competes with Highway 50, and Quartz Mountain. International Zeolite Corp. explores for and develops mineral properties in Canada More
International Zeolite 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 International Zeolite'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 International Zeolite Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 16.67 |
International Zeolite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Zeolite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Zeolite's standard deviation. In reality, there are many statistical measures that can use International Zeolite historical prices to predict the future International Zeolite's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.3159 | |||
| Total Risk Alpha | (1.98) | |||
| Treynor Ratio | 0.0583 |
International Zeolite Backtested Returns
International Zeolite holds Efficiency (Sharpe) Ratio of -0.0269, which attests that the entity had a -0.0269% return per unit of risk over the last 3 months. International Zeolite exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Zeolite's Market Risk Adjusted Performance of 0.0683, standard deviation of 10.72, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -5.05, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning International Zeolite are expected to decrease by larger amounts. On the other hand, during market turmoil, International Zeolite is expected to outperform it. At this point, International Zeolite has a negative expected return of -0.29%. Please make sure to check out International Zeolite's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if International Zeolite performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
International Zeolite Corp has poor predictability. Overlapping area represents the amount of predictability between International Zeolite time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 International Zeolite price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current International Zeolite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
International Zeolite lagged returns against current returns
Autocorrelation, which is International Zeolite 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 International Zeolite's stock expected returns. We can calculate the autocorrelation of International Zeolite returns to help us make a trade decision. For example, suppose you find that International Zeolite 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 |
International Zeolite 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 International Zeolite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Zeolite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Zeolite stock over time.
Current vs Lagged Prices |
| Timeline |
International Zeolite Lagged Returns
When evaluating International Zeolite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Zeolite stock have on its future price. International Zeolite 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, International Zeolite autocorrelation shows the relationship between International Zeolite stock current value and its past values and can show if there is a momentum factor associated with investing in International Zeolite Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for International Stock Analysis
When running International Zeolite's price analysis, check to measure International Zeolite'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 International Zeolite is operating at the current time. Most of International Zeolite's value examination focuses on studying past and present price action to predict the probability of International Zeolite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Zeolite's price. Additionally, you may evaluate how the addition of International Zeolite to your portfolios can decrease your overall portfolio volatility.