Igo Limited Stock Market Value
| IIDDY Stock | USD 4.85 0.16 3.19% |
| Symbol | IGO |
IGO '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 IGO's pink sheet 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 IGO.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in IGO on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding IGO Limited or generate 0.0% return on investment in IGO over 90 days. IGO is related to or competes with Nickel Mines, Mineral Resources, Mundoro Capital, Strategic Resources, Leading Edge, Fireweed Zinc, and Australian Strategic. IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets ... More
IGO 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 IGO's pink sheet 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 IGO Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 22.49 | |||
| Value At Risk | (4.66) |
IGO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IGO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IGO's standard deviation. In reality, there are many statistical measures that can use IGO historical prices to predict the future IGO's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (7.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IGO'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.
IGO Limited Backtested Returns
IGO Limited holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17 % return per unit of volatility over the last 3 months. IGO Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IGO's market risk adjusted performance of (7.86), and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0612, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IGO's returns are expected to increase less than the market. However, during the bear market, the loss of holding IGO is expected to be smaller as well. At this point, IGO Limited has a negative expected return of -0.49%. Please make sure to check out IGO's information ratio, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if IGO Limited performance from the past will be repeated in the future.
Auto-correlation | 0.31 |
Below average predictability
IGO Limited has below average predictability. Overlapping area represents the amount of predictability between IGO 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 IGO Limited price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current IGO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
IGO Limited lagged returns against current returns
Autocorrelation, which is IGO pink sheet'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 IGO's pink sheet expected returns. We can calculate the autocorrelation of IGO returns to help us make a trade decision. For example, suppose you find that IGO has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
IGO 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 IGO pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IGO pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IGO pink sheet over time.
Current vs Lagged Prices |
| Timeline |
IGO Lagged Returns
When evaluating IGO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IGO pink sheet have on its future price. IGO 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, IGO autocorrelation shows the relationship between IGO pink sheet current value and its past values and can show if there is a momentum factor associated with investing in IGO Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for IGO Pink Sheet Analysis
When running IGO's price analysis, check to measure IGO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IGO is operating at the current time. Most of IGO's value examination focuses on studying past and present price action to predict the probability of IGO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGO's price. Additionally, you may evaluate how the addition of IGO to your portfolios can decrease your overall portfolio volatility.