IAMGOLD P 575 Market Value
| 450913AF5 | 94.45 2.28 2.36% |
| Symbol | IAMGOLD |
IAMGOLD '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 IAMGOLD's bond 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 IAMGOLD.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in IAMGOLD on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding IAMGOLD P 575 or generate 0.0% return on investment in IAMGOLD over 180 days. IAMGOLD is related to or competes with Tianjin Capital, Apogee Therapeutics,, Grupo Simec, Catalyst Pharmaceuticals, and Acumen Pharmaceuticals. More
IAMGOLD 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 IAMGOLD's bond 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 IAMGOLD P 575 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 20.94 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5611 |
IAMGOLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IAMGOLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IAMGOLD's standard deviation. In reality, there are many statistical measures that can use IAMGOLD historical prices to predict the future IAMGOLD's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.01) |
IAMGOLD P 575 Backtested Returns
IAMGOLD P 575 holds Efficiency (Sharpe) Ratio of -0.17, which attests that the bond had a -0.17% return per unit of volatility over the last 3 months. IAMGOLD P 575 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IAMGOLD's semi deviation of 3.41, and Market Risk Adjusted Performance of (0.0004) to validate the risk estimate we provide. The entity retains a Market Volatility (i.e., Beta) of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IAMGOLD are expected to decrease at a much lower rate. During the bear market, IAMGOLD is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
IAMGOLD P 575 has very weak reverse predictability. Overlapping area represents the amount of predictability between IAMGOLD time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 IAMGOLD P 575 price movement. The serial correlation of -0.08 indicates that barely 8.0% of current IAMGOLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
IAMGOLD P 575 lagged returns against current returns
Autocorrelation, which is IAMGOLD bond'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 IAMGOLD's bond expected returns. We can calculate the autocorrelation of IAMGOLD returns to help us make a trade decision. For example, suppose you find that IAMGOLD has exhibited high autocorrelation historically, and you observe that the bond 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 |
IAMGOLD 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 IAMGOLD bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IAMGOLD bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IAMGOLD bond over time.
Current vs Lagged Prices |
| Timeline |
IAMGOLD Lagged Returns
When evaluating IAMGOLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IAMGOLD bond have on its future price. IAMGOLD 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, IAMGOLD autocorrelation shows the relationship between IAMGOLD bond current value and its past values and can show if there is a momentum factor associated with investing in IAMGOLD P 575.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in IAMGOLD Bond
IAMGOLD financial ratios help investors to determine whether IAMGOLD Bond 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 IAMGOLD with respect to the benefits of owning IAMGOLD security.