Ichor Coal (Germany) Market Value
| IO0 Stock | EUR 0.02 0.00 0.00% |
| Symbol | Ichor |
Ichor Coal '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 Ichor Coal'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 Ichor Coal.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Ichor Coal on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Ichor Coal NV or generate 0.0% return on investment in Ichor Coal over 720 days. Ichor Coal is related to or competes with CHINA SHENHUA, China Coal, Yancoal Australia, Banpu PCL, CONSOL Energy, and HMS Bergbau. More
Ichor Coal 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 Ichor Coal'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 Ichor Coal NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (6.67) |
Ichor Coal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ichor Coal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ichor Coal's standard deviation. In reality, there are many statistical measures that can use Ichor Coal historical prices to predict the future Ichor Coal's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (3.18) |
Ichor Coal NV Backtested Returns
Ichor Coal NV holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Ichor Coal NV exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ichor Coal's Standard Deviation of 3.33, market risk adjusted performance of (3.17), and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ichor Coal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ichor Coal is expected to be smaller as well. At this point, Ichor Coal NV has a negative expected return of -0.6%. Please make sure to check out Ichor Coal's standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and jensen alpha , to decide if Ichor Coal NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Ichor Coal NV has good predictability. Overlapping area represents the amount of predictability between Ichor Coal time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Ichor Coal NV price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Ichor Coal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ichor Coal NV lagged returns against current returns
Autocorrelation, which is Ichor Coal 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 Ichor Coal's stock expected returns. We can calculate the autocorrelation of Ichor Coal returns to help us make a trade decision. For example, suppose you find that Ichor Coal 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 |
Ichor Coal 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 Ichor Coal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ichor Coal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ichor Coal stock over time.
Current vs Lagged Prices |
| Timeline |
Ichor Coal Lagged Returns
When evaluating Ichor Coal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ichor Coal stock have on its future price. Ichor Coal 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, Ichor Coal autocorrelation shows the relationship between Ichor Coal stock current value and its past values and can show if there is a momentum factor associated with investing in Ichor Coal NV.
Regressed Prices |
| Timeline |
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Ichor Coal financial ratios help investors to determine whether Ichor 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 Ichor with respect to the benefits of owning Ichor Coal security.