Iodm (Australia) Market Value
| IOD Stock | 0.16 0.01 5.88% |
| Symbol | Iodm |
Iodm '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 Iodm'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 Iodm.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Iodm on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Iodm or generate 0.0% return on investment in Iodm over 90 days. Iodm is related to or competes with Medibank Private, Super Retail, Sequoia Financial, 4Dmedical Ltd, Spirit Telecom, MotorCycle Holdings, and EMvision Medical. Iodm is entity of Australia. It is traded as Stock on AU exchange. More
Iodm 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 Iodm'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 Iodm upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.02 | |||
| Information Ratio | 0.0437 | |||
| Maximum Drawdown | 25.4 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.14 |
Iodm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iodm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iodm's standard deviation. In reality, there are many statistical measures that can use Iodm historical prices to predict the future Iodm's volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.6682 | |||
| Sortino Ratio | 0.0287 | |||
| Treynor Ratio | (0.05) |
Iodm Backtested Returns
Currently, Iodm is out of control. Iodm holds Efficiency (Sharpe) Ratio of 0.0222, which attests that the entity had a 0.0222 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Iodm, which you can use to evaluate the volatility of the firm. Please check out Iodm's Market Risk Adjusted Performance of (0.04), downside deviation of 7.02, and Risk Adjusted Performance of 0.0274 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Iodm has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -1.81, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Iodm are expected to decrease by larger amounts. On the other hand, during market turmoil, Iodm is expected to outperform it. Iodm right now retains a risk of 4.62%. Please check out Iodm coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Iodm will be following its current trending patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Iodm has very weak reverse predictability. Overlapping area represents the amount of predictability between Iodm time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Iodm price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Iodm price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iodm lagged returns against current returns
Autocorrelation, which is Iodm 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 Iodm's stock expected returns. We can calculate the autocorrelation of Iodm returns to help us make a trade decision. For example, suppose you find that Iodm 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 |
Iodm 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 Iodm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iodm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iodm stock over time.
Current vs Lagged Prices |
| Timeline |
Iodm Lagged Returns
When evaluating Iodm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iodm stock have on its future price. Iodm 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, Iodm autocorrelation shows the relationship between Iodm stock current value and its past values and can show if there is a momentum factor associated with investing in Iodm.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Iodm Stock Analysis
When running Iodm's price analysis, check to measure Iodm'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 Iodm is operating at the current time. Most of Iodm's value examination focuses on studying past and present price action to predict the probability of Iodm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iodm's price. Additionally, you may evaluate how the addition of Iodm to your portfolios can decrease your overall portfolio volatility.