Irving Resources Stock Market Value
| IRVRF Stock | USD 0.32 0.06 23.08% |
| 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.
| 09/21/2024 |
| 10/21/2024 |
If you would invest 0.00 in Irving Resources on September 21, 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 Galiano Gold, US Gold, ABIVAX Société, Franklin Strategic, SCOR PK, HUMANA, and Small Cap. 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.
| Downside Deviation | 6.96 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 33.24 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 8.33 |
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 | 0.0123 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0127 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Irving Resources' 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.
Irving Resources Backtested Returns
Irving Resources appears to be out of control, given 3 months investment horizon. Irving Resources holds Efficiency (Sharpe) Ratio of 0.0479, which attests that the entity had a 0.0479% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Irving Resources, which you can use to evaluate the volatility of the firm. Please utilize Irving Resources' Downside Deviation of 6.96, risk adjusted performance of 0.0123, and Market Risk Adjusted Performance of 0.0227 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Irving Resources holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 1.42, 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, Irving Resources will likely underperform. Please check Irving Resources' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Irving Resources' current trending patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Irving Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Irving Resources time series from 21st of September 2024 to 6th of October 2024 and 6th of October 2024 to 21st of October 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 -0.65 indicates that roughly 65.0% of current Irving Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.75 | |
| 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.