IRPC Public (Germany) Market Value

TPIG Stock  EUR 0.03  0.0005  1.52%   
IRPC Public's market value is the price at which a share of IRPC Public trades on a public exchange. It measures the collective expectations of IRPC Public investors about its performance. IRPC Public is trading at 0.0335 as of the 11th of December 2024. This is a 1.52 percent increase since the beginning of the trading day. The stock's lowest day price was 0.0335.
With this module, you can estimate the performance of a buy and hold strategy of IRPC Public and determine expected loss or profit from investing in IRPC Public over a given investment horizon. Check out IRPC Public Correlation, IRPC Public Volatility and IRPC Public Alpha and Beta module to complement your research on IRPC Public.
Symbol

Please note, there is a significant difference between IRPC Public's value and its price as these two are different measures arrived at by different means. Investors typically determine if IRPC Public is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRPC Public's 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.

IRPC Public '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 IRPC Public'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 IRPC Public.
0.00
07/20/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/11/2024
0.00
If you would invest  0.00  in IRPC Public on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding IRPC Public or generate 0.0% return on investment in IRPC Public over 510 days. IRPC Public is related to or competes with Sinopec Shanghai, China Petroleum, PetroChina Company, and Sinopec Kantons. IRPC Public Company Limited, together with its subsidiaries, provides petroleum and petrochemical products in Thailand a... More

IRPC Public 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 IRPC Public'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 IRPC Public upside and downside potential and time the market with a certain degree of confidence.

IRPC Public Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IRPC Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IRPC Public's standard deviation. In reality, there are many statistical measures that can use IRPC Public historical prices to predict the future IRPC Public's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.002.00
Details
Intrinsic
Valuation
LowRealHigh
0.000.002.00
Details
Naive
Forecast
LowNextHigh
0.00070.032.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.030.030.04
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IRPC Public. Your research has to be compared to or analyzed against IRPC Public's peers to derive any actionable benefits. When done correctly, IRPC Public's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in IRPC Public.

IRPC Public Backtested Returns

IRPC Public holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of volatility over the last 3 months. IRPC Public exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IRPC Public's risk adjusted performance of (0.10), and Market Risk Adjusted Performance of 2.44 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IRPC Public are expected to decrease at a much lower rate. During the bear market, IRPC Public is likely to outperform the market. At this point, IRPC Public has a negative expected return of -0.26%. Please make sure to check out IRPC Public's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if IRPC Public performance from the past will be repeated at future time.

Auto-correlation

    
  0.61  

Good predictability

IRPC Public has good predictability. Overlapping area represents the amount of predictability between IRPC Public time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 IRPC Public price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current IRPC Public price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.0

IRPC Public lagged returns against current returns

Autocorrelation, which is IRPC Public 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 IRPC Public's stock expected returns. We can calculate the autocorrelation of IRPC Public returns to help us make a trade decision. For example, suppose you find that IRPC Public 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  

IRPC Public 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 IRPC Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IRPC Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IRPC Public stock over time.
   Current vs Lagged Prices   
       Timeline  

IRPC Public Lagged Returns

When evaluating IRPC Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IRPC Public stock have on its future price. IRPC Public 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, IRPC Public autocorrelation shows the relationship between IRPC Public stock current value and its past values and can show if there is a momentum factor associated with investing in IRPC Public.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in IRPC Stock

IRPC Public financial ratios help investors to determine whether IRPC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IRPC with respect to the benefits of owning IRPC Public security.