Irving Resources Stock Market Value
| IRVRF Stock | USD 0.23 0.04 21.05% |
| Symbol | Irving |
Irving Resources '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 Irving Resources' otc 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 Irving Resources.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Irving Resources on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Irving Resources or generate 0.0% return on investment in Irving Resources over 30 days. Irving Resources is related to or competes with Lion One, Headwater Gold, Snowline Gold, Eloro Resources, Goldshore Resources, Aurion Resources, and Minera Alamos. Irving Resources Inc., a junior exploration stage company, focuses on exploring gold in Japan More
Irving Resources 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 Irving Resources' otc 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 Irving Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 31.38 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 11.54 |
Irving Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Irving Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Irving Resources' standard deviation. In reality, there are many statistical measures that can use Irving Resources historical prices to predict the future Irving Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (1.10) | |||
| Treynor Ratio | 0.9241 |
Irving Resources Backtested Returns
Irving Resources holds Efficiency (Sharpe) Ratio of -0.02, which attests that the entity had a -0.02% return per unit of risk over the last 3 months. Irving Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Irving Resources' Risk Adjusted Performance of (0.01), standard deviation of 6.15, and Market Risk Adjusted Performance of 0.9341 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Irving Resources are expected to decrease at a much lower rate. During the bear market, Irving Resources is likely to outperform the market. At this point, Irving Resources has a negative expected return of -0.12%. Please make sure to check out Irving Resources' total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Irving Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Irving Resources has modest predictability. Overlapping area represents the amount of predictability between Irving Resources time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Irving Resources price movement. The serial correlation of 0.55 indicates that about 55.0% of current Irving Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Irving Resources lagged returns against current returns
Autocorrelation, which is Irving Resources otc 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 Irving Resources' otc stock expected returns. We can calculate the autocorrelation of Irving Resources returns to help us make a trade decision. For example, suppose you find that Irving Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Irving Resources 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 Irving Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Irving Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Irving Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Irving Resources Lagged Returns
When evaluating Irving Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Irving Resources otc stock have on its future price. Irving Resources 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, Irving Resources autocorrelation shows the relationship between Irving Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Irving Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Irving OTC Stock
Irving Resources financial ratios help investors to determine whether Irving OTC 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 Irving with respect to the benefits of owning Irving Resources security.