Iris Energy Stock Market Value
| IREN Stock | USD 8.51 0.54 5.97% |
| Symbol | Iris |
Iris Energy Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Iris Energy. If investors know Iris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Iris Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 1.894 | Quarterly Revenue Growth 0.679 | Return On Assets (0.02) | Return On Equity (0.04) |
The market value of Iris Energy is measured differently than its book value, which is the value of Iris that is recorded on the company's balance sheet. Investors also form their own opinion of Iris Energy's value that differs from its market value or its book value, called intrinsic value, which is Iris Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Iris Energy's market value can be influenced by many factors that don't directly affect Iris Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Iris Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iris Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iris Energy'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.
Iris Energy '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 Iris Energy'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 Iris Energy.
| 10/06/2024 |
| 11/05/2024 |
If you would invest 0.00 in Iris Energy on October 6, 2024 and sell it all today you would earn a total of 0.00 from holding Iris Energy or generate 0.0% return on investment in Iris Energy over 30 days. Iris Energy is related to or competes with Infosys, Kaltura, Lincoln Educational, Relx PLC, Cadence Design, Coursera, and Datadog. Iris Energy Limited owns and operates bitcoin mining data centers in Canada, the United States, and the Asia-Pacific More
Iris Energy 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 Iris Energy'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 Iris Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.88 | |||
| Information Ratio | 0.0162 | |||
| Maximum Drawdown | 29.47 | |||
| Value At Risk | (8.41) | |||
| Potential Upside | 12.43 |
Iris Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iris Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iris Energy's standard deviation. In reality, there are many statistical measures that can use Iris Energy historical prices to predict the future Iris Energy's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0179 | |||
| Treynor Ratio | 0.0417 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iris Energy'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.
Iris Energy Backtested Returns
Iris Energy appears to be moderately volatile, given 3 months investment horizon. Iris Energy holds Efficiency (Sharpe) Ratio of 0.0884, which attests that the entity had a 0.0884% return per unit of risk over the last 3 months. By evaluating Iris Energy's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Iris Energy's Market Risk Adjusted Performance of 0.0517, risk adjusted performance of 0.0299, and Downside Deviation of 5.88 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Iris Energy holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 4.18, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Iris Energy will likely underperform. Please check Iris Energy's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Iris Energy's current trending patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Iris Energy has insignificant predictability. Overlapping area represents the amount of predictability between Iris Energy time series from 6th of October 2024 to 21st of October 2024 and 21st of October 2024 to 5th of November 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 Iris Energy price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Iris Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Iris Energy lagged returns against current returns
Autocorrelation, which is Iris Energy 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 Iris Energy's stock expected returns. We can calculate the autocorrelation of Iris Energy returns to help us make a trade decision. For example, suppose you find that Iris Energy 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 |
Iris Energy 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 Iris Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iris Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iris Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Iris Energy Lagged Returns
When evaluating Iris Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iris Energy stock have on its future price. Iris Energy 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, Iris Energy autocorrelation shows the relationship between Iris Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Iris Energy.
Regressed Prices |
| Timeline |
Pair Trading with Iris Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Iris Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Iris Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Iris Stock
| 0.7 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.74 | AMG | Affiliated Managers | PairCorr |
| 0.65 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Iris Stock
The ability to find closely correlated positions to Iris Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iris Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Iris Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Iris Energy to buy it.
The correlation of Iris Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Iris Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iris Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Iris Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Iris Energy Correlation, Iris Energy Volatility and Iris Energy Alpha and Beta module to complement your research on Iris Energy. To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Iris Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.