I 80 Gold Corp Stock Market Value
| IAU Stock | 0.99 0.08 8.79% |
| Symbol | IAU |
i 80 Gold Price To Book Ratio
I 80 '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 I 80'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 I 80.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in I 80 on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding i 80 Gold Corp or generate 0.0% return on investment in I 80 over 90 days. I 80 is related to or competes with Equinox Gold, K92 Mining, Minera Alamos, and Skeena Resources. I 80 is entity of Canada. It is traded as Stock on TO exchange. More
I 80 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 I 80'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 i 80 Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.52 | |||
| Information Ratio | 0.0959 | |||
| Maximum Drawdown | 33.81 | |||
| Value At Risk | (7.87) | |||
| Potential Upside | 8.79 |
I 80 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I 80's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I 80's standard deviation. In reality, there are many statistical measures that can use I 80 historical prices to predict the future I 80's volatility.| Risk Adjusted Performance | 0.0762 | |||
| Jensen Alpha | 0.4499 | |||
| Total Risk Alpha | 1.11 | |||
| Sortino Ratio | 0.1165 | |||
| Treynor Ratio | 1.4 |
i 80 Gold Backtested Returns
I 80 appears to be abnormally volatile, given 3 months investment horizon. i 80 Gold retains Efficiency (Sharpe Ratio) of 0.11, which attests that the company had a 0.11 % return per unit of price deviation over the last 3 months. By inspecting I 80's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize I 80's standard deviation of 5.49, and Market Risk Adjusted Performance of 1.41 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, I 80 holds a performance score of 8. The firm owns a Beta (Systematic Risk) of 0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, I 80's returns are expected to increase less than the market. However, during the bear market, the loss of holding I 80 is expected to be smaller as well. Please check I 80's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether I 80's current price history will revert.
Auto-correlation | 0.75 |
Good predictability
i 80 Gold Corp has good predictability. Overlapping area represents the amount of predictability between I 80 time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of i 80 Gold price movement. The serial correlation of 0.75 indicates that around 75.0% of current I 80 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
i 80 Gold lagged returns against current returns
Autocorrelation, which is I 80 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 I 80's stock expected returns. We can calculate the autocorrelation of I 80 returns to help us make a trade decision. For example, suppose you find that I 80 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 |
I 80 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 I 80 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I 80 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I 80 stock over time.
Current vs Lagged Prices |
| Timeline |
I 80 Lagged Returns
When evaluating I 80's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I 80 stock have on its future price. I 80 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, I 80 autocorrelation shows the relationship between I 80 stock current value and its past values and can show if there is a momentum factor associated with investing in i 80 Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with I 80
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 I 80 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 I 80 will appreciate offsetting losses from the drop in the long position's value.Moving together with IAU Stock
Moving against IAU Stock
| 0.73 | VCM | Vecima Networks | PairCorr |
| 0.7 | NXE | NexGen Energy | PairCorr |
| 0.6 | CNQ | Canadian Natural Res | PairCorr |
| 0.53 | IE | Ivanhoe Energy | PairCorr |
| 0.46 | TCL-B | Transcontinental | PairCorr |
The ability to find closely correlated positions to I 80 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace I 80 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 I 80 - 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 i 80 Gold Corp to buy it.
The correlation of I 80 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 I 80 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if i 80 Gold 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 I 80 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 I 80 Correlation, I 80 Volatility and I 80 Alpha and Beta module to complement your research on I 80. You can also try the Stocks Directory module to find actively traded stocks across global markets.
I 80 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.