Independence Gold Corp Stock Alpha and Beta Analysis
| IGO Stock | CAD 0.20 0.01 4.76% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Independence Gold Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Independence Gold over a specified time horizon. Remember, high Independence Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Independence Gold's market risk premium analysis include:
Beta 1.23 | Alpha (0.07) | Risk 4.11 | Sharpe Ratio (0.02) | Expected Return (0.07) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Independence |
Independence Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Independence Gold market risk premium is the additional return an investor will receive from holding Independence Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Independence Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Independence Gold's performance over market.| α | -0.07 | β | 1.23 |
Independence Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Independence Gold's Buy-and-hold return. Our buy-and-hold chart shows how Independence Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Independence Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how Independence Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Independence Gold shares will generate the highest return on investment. By understating and applying Independence Gold stock market price indicators, traders can identify Independence Gold position entry and exit signals to maximize returns.
Independence Gold Return and Market Media
The median price of Independence Gold for the period between Tue, Nov 19, 2024 and Mon, Feb 17, 2025 is 0.22 with a coefficient of variation of 5.58. The daily time series for the period is distributed with a sample standard deviation of 0.01, arithmetic mean of 0.22, and mean deviation of 0.01. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Independence Gold Ramps Up Drilling at 3Ts Project, Plans Ambitious 10,000m Program Near Blackwater Mine - StockTitan | 12/18/2024 |
2 | James Bay Minerals Advances Drilling at Independence Gold Project - TipRanks | 01/06/2025 |
3 | Independence Gold Reports Promising Drill Results at 3Ts Project - TipRanks | 01/20/2025 |
4 | Independence Gold Strengthens Team with Senior Technical Advisor Appointment - TipRanks | 02/07/2025 |
About Independence Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Independence or other stocks. Alpha measures the amount that position in Independence Gold Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2024 | 2025 (projected) | PB Ratio | 4.02 | 4.22 | Capex To Depreciation | 0.3 | 0.28 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independence Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independence Gold's short interest history, or implied volatility extrapolated from Independence Gold options trading.
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Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to measure Independence Gold'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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.