INTERNATIONAL METALS's market value is the price at which a share of INTERNATIONAL METALS trades on a public exchange. It measures the collective expectations of INTERNATIONAL METALS MIN investors about its performance. INTERNATIONAL METALS is trading at 0.014 as of the 20th of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.014. With this module, you can estimate the performance of a buy and hold strategy of INTERNATIONAL METALS MIN and determine expected loss or profit from investing in INTERNATIONAL METALS over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
INTERNATIONAL
INTERNATIONAL METALS '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 INTERNATIONAL METALS'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 INTERNATIONAL METALS.
0.00
11/26/2023
No Change 0.00
0.0
In 1 year and 25 days
12/20/2024
0.00
If you would invest 0.00 in INTERNATIONAL METALS on November 26, 2023 and sell it all today you would earn a total of 0.00 from holding INTERNATIONAL METALS MIN or generate 0.0% return on investment in INTERNATIONAL METALS over 390 days.
INTERNATIONAL METALS 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 INTERNATIONAL METALS'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 INTERNATIONAL METALS MIN upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for INTERNATIONAL METALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INTERNATIONAL METALS's standard deviation. In reality, there are many statistical measures that can use INTERNATIONAL METALS historical prices to predict the future INTERNATIONAL METALS's volatility.
INTERNATIONAL METALS is out of control given 3 months investment horizon. INTERNATIONAL METALS MIN holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of volatility over the last 3 months. We have analyzed and interpolated eighteen different technical indicators, which can help you to evaluate if expected returns of 60.83% are justified by taking the suggested risk. Use INTERNATIONAL METALS MIN risk adjusted performance of 0.1996, and Market Risk Adjusted Performance of (12.99) to evaluate company specific risk that cannot be diversified away. INTERNATIONAL METALS holds a performance score of 20 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -6.8, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning INTERNATIONAL METALS are expected to decrease by larger amounts. On the other hand, during market turmoil, INTERNATIONAL METALS is expected to outperform it. Use INTERNATIONAL METALS MIN potential upside, kurtosis, and the relationship between the value at risk and skewness , to analyze future returns on INTERNATIONAL METALS MIN.
Auto-correlation
-0.24
Weak reverse predictability
INTERNATIONAL METALS MIN has weak reverse predictability. Overlapping area represents the amount of predictability between INTERNATIONAL METALS time series from 26th of November 2023 to 8th of June 2024 and 8th of June 2024 to 20th 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 INTERNATIONAL METALS MIN price movement. The serial correlation of -0.24 indicates that over 24.0% of current INTERNATIONAL METALS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.24
Spearman Rank Test
-0.61
Residual Average
0.0
Price Variance
0.0
INTERNATIONAL METALS MIN lagged returns against current returns
Autocorrelation, which is INTERNATIONAL METALS 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 INTERNATIONAL METALS's stock expected returns. We can calculate the autocorrelation of INTERNATIONAL METALS returns to help us make a trade decision. For example, suppose you find that INTERNATIONAL METALS 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
INTERNATIONAL METALS 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 INTERNATIONAL METALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INTERNATIONAL METALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INTERNATIONAL METALS stock over time.
Current vs Lagged Prices
Timeline
INTERNATIONAL METALS Lagged Returns
When evaluating INTERNATIONAL METALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INTERNATIONAL METALS stock have on its future price. INTERNATIONAL METALS 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, INTERNATIONAL METALS autocorrelation shows the relationship between INTERNATIONAL METALS stock current value and its past values and can show if there is a momentum factor associated with investing in INTERNATIONAL METALS MIN.