Irish Residential (Ireland) Market Value
| IRES Stock | EUR 1.00 0.02 1.96% |
| Symbol | Irish |
Irish Residential '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 Irish Residential'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 Irish Residential.
| 10/28/2024 |
| 02/25/2025 |
If you would invest 0.00 in Irish Residential on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Irish Residential Properties or generate 0.0% return on investment in Irish Residential over 120 days. Irish Residential is related to or competes with Dalata Hotel, Bank of Ireland, Kingspan Group, Irish Continental, and AIB Group. Irish Residential Properties REIT Plc is an Irish REIT focused on consolidating the fragmented Irish rental market by ta... More
Irish Residential 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 Irish Residential'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 Irish Residential Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1453 | |||
| Maximum Drawdown | 5.5 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 2.27 |
Irish Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Irish Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Irish Residential's standard deviation. In reality, there are many statistical measures that can use Irish Residential historical prices to predict the future Irish Residential's volatility.| Risk Adjusted Performance | 0.1194 | |||
| Jensen Alpha | 0.202 | |||
| Total Risk Alpha | 0.1954 | |||
| Sortino Ratio | 0.121 | |||
| Treynor Ratio | 0.3875 |
Irish Residential Backtested Returns
Currently, Irish Residential Properties is unstable. Irish Residential holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Irish Residential, which you can use to evaluate the volatility of the firm. Please check out Irish Residential's Market Risk Adjusted Performance of 0.3975, downside deviation of 1.65, and Risk Adjusted Performance of 0.1194 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Irish Residential has a performance score of 10 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Irish Residential's returns are expected to increase less than the market. However, during the bear market, the loss of holding Irish Residential is expected to be smaller as well. Irish Residential right now retains a risk of 1.39%. Please check out Irish Residential jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Irish Residential will be following its current trending patterns.
Auto-correlation | 0.68 |
Good predictability
Irish Residential Properties has good predictability. Overlapping area represents the amount of predictability between Irish Residential time series from 28th of October 2024 to 27th of December 2024 and 27th of December 2024 to 25th of February 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 Irish Residential price movement. The serial correlation of 0.68 indicates that around 68.0% of current Irish Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Irish Residential lagged returns against current returns
Autocorrelation, which is Irish Residential 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 Irish Residential's stock expected returns. We can calculate the autocorrelation of Irish Residential returns to help us make a trade decision. For example, suppose you find that Irish Residential 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 |
Irish Residential 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 Irish Residential stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Irish Residential stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Irish Residential stock over time.
Current vs Lagged Prices |
| Timeline |
Irish Residential Lagged Returns
When evaluating Irish Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Irish Residential stock have on its future price. Irish Residential 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, Irish Residential autocorrelation shows the relationship between Irish Residential stock current value and its past values and can show if there is a momentum factor associated with investing in Irish Residential Properties.
Regressed Prices |
| Timeline |
Pair Trading with Irish Residential
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 Irish Residential 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 Irish Residential will appreciate offsetting losses from the drop in the long position's value.Moving together with Irish Stock
| 0.73 | BIRG | Bank of Ireland | PairCorr |
| 0.71 | A5G | AIB Group PLC Earnings Call This Week | PairCorr |
| 0.64 | RYA | Ryanair Holdings plc | PairCorr |
The ability to find closely correlated positions to Irish Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Irish Residential 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 Irish Residential - 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 Irish Residential Properties to buy it.
The correlation of Irish Residential 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 Irish Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Irish Residential 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 Irish Residential 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.Additional Tools for Irish Stock Analysis
When running Irish Residential's price analysis, check to measure Irish Residential'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 Irish Residential is operating at the current time. Most of Irish Residential's value examination focuses on studying past and present price action to predict the probability of Irish Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Irish Residential's price. Additionally, you may evaluate how the addition of Irish Residential to your portfolios can decrease your overall portfolio volatility.