Igo Limited Stock Market Value
| IPGDF Stock | USD 3.21 0.19 5.59% |
| Symbol | IGO |
IGO '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 IGO's pink sheet 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 IGO.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in IGO on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding IGO Limited or generate 0.0% return on investment in IGO over 360 days. IGO is related to or competes with Mundoro Capital, Strategic Resources, IGO, Mineral Resources, Iluka Resources, Nickel Mines, and Mineral Res. IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets ... More
IGO 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 IGO's pink sheet 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 IGO Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 21.45 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 2.05 |
IGO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IGO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IGO's standard deviation. In reality, there are many statistical measures that can use IGO historical prices to predict the future IGO's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.8795 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IGO's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
IGO Limited Backtested Returns
IGO Limited holds Efficiency (Sharpe) Ratio of -0.0826, which attests that the entity had a -0.0826% return per unit of volatility over the last 3 months. IGO Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IGO's risk adjusted performance of (0.06), and Market Risk Adjusted Performance of 0.8895 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IGO are expected to decrease at a much lower rate. During the bear market, IGO is likely to outperform the market. At this point, IGO Limited has a negative expected return of -0.21%. Please make sure to check out IGO's kurtosis, and the relationship between the treynor ratio and day median price , to decide if IGO Limited performance from the past will be repeated in the future.
Auto-correlation | 0.20 |
Weak predictability
IGO Limited has weak predictability. Overlapping area represents the amount of predictability between IGO time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 IGO Limited price movement. The serial correlation of 0.2 indicates that over 20.0% of current IGO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
IGO Limited lagged returns against current returns
Autocorrelation, which is IGO pink sheet'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 IGO's pink sheet expected returns. We can calculate the autocorrelation of IGO returns to help us make a trade decision. For example, suppose you find that IGO has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
IGO 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 IGO pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IGO pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IGO pink sheet over time.
Current vs Lagged Prices |
| Timeline |
IGO Lagged Returns
When evaluating IGO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IGO pink sheet have on its future price. IGO 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, IGO autocorrelation shows the relationship between IGO pink sheet current value and its past values and can show if there is a momentum factor associated with investing in IGO Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in IGO Pink Sheet
IGO financial ratios help investors to determine whether IGO Pink Sheet 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 IGO with respect to the benefits of owning IGO security.