Imetal Resources Stock Market Value
| IMR Stock | CAD 0.22 0.01 4.35% |
| Symbol | IMetal |
IMetal 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 IMetal Resources' 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 IMetal Resources.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in IMetal Resources on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding iMetal Resources or generate 0.0% return on investment in IMetal Resources over 30 days. IMetal Resources is related to or competes with Arizona Sonoran, Marimaca Copper, QC Copper, and Dore Copper. iMetal Resources Inc. explores for and develops mineral properties in Canada More
IMetal 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 IMetal Resources' 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 iMetal Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 59.7 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 10.0 |
IMetal Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IMetal Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IMetal Resources' standard deviation. In reality, there are many statistical measures that can use IMetal Resources historical prices to predict the future IMetal Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (0.83) |
iMetal Resources Backtested Returns
iMetal Resources holds Efficiency (Sharpe) Ratio of -0.0123, which attests that the entity had a -0.0123% return per unit of risk over the last 3 months. iMetal Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IMetal Resources' Standard Deviation of 6.94, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.82) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IMetal Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding IMetal Resources is expected to be smaller as well. At this point, iMetal Resources has a negative expected return of -0.0871%. Please make sure to check out IMetal Resources' jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if iMetal Resources performance from the past will be repeated at some future point.
Auto-correlation | -0.02 |
Very weak reverse predictability
iMetal Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between IMetal Resources time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 iMetal Resources price movement. The serial correlation of -0.02 indicates that only 2.0% of current IMetal Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iMetal Resources lagged returns against current returns
Autocorrelation, which is IMetal Resources 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 IMetal Resources' stock expected returns. We can calculate the autocorrelation of IMetal Resources returns to help us make a trade decision. For example, suppose you find that IMetal Resources 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 |
IMetal 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 IMetal Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IMetal Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IMetal Resources stock over time.
Current vs Lagged Prices |
| Timeline |
IMetal Resources Lagged Returns
When evaluating IMetal Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IMetal Resources stock have on its future price. IMetal 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, IMetal Resources autocorrelation shows the relationship between IMetal Resources stock current value and its past values and can show if there is a momentum factor associated with investing in iMetal Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for IMetal Stock Analysis
When running IMetal Resources' price analysis, check to measure IMetal Resources' 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 IMetal Resources is operating at the current time. Most of IMetal Resources' value examination focuses on studying past and present price action to predict the probability of IMetal Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IMetal Resources' price. Additionally, you may evaluate how the addition of IMetal Resources to your portfolios can decrease your overall portfolio volatility.