If Bancorp Stock Market Value
| IROQ Stock | USD 22.04 0.78 3.42% |
| Symbol | IROQ |
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IF Bancorp. If investors know IROQ will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IF Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of IF Bancorp is measured differently than its book value, which is the value of IROQ that is recorded on the company's balance sheet. Investors also form their own opinion of IF Bancorp's value that differs from its market value or its book value, called intrinsic value, which is IF Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IF Bancorp's market value can be influenced by many factors that don't directly affect IF Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IF Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if IF Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IF Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
IF Bancorp '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 IF Bancorp'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 IF Bancorp.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in IF Bancorp on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding IF Bancorp or generate 0.0% return on investment in IF Bancorp over 720 days. IF Bancorp is related to or competes with Home Bancorp, Commerzbank, ConnectOne Bancorp, Home Federal, Lake Shore, Oak Valley, and Community West. IF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that... More
IF Bancorp 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 IF Bancorp'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 IF Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.1607 | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 3.61 |
IF Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IF Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IF Bancorp's standard deviation. In reality, there are many statistical measures that can use IF Bancorp historical prices to predict the future IF Bancorp's volatility.| Risk Adjusted Performance | 0.1458 | |||
| Jensen Alpha | 0.3841 | |||
| Total Risk Alpha | 0.3214 | |||
| Sortino Ratio | 0.1411 | |||
| Treynor Ratio | 2.15 |
IF Bancorp Backtested Returns
IF Bancorp appears to be very steady, given 3 months investment horizon. IF Bancorp retains Efficiency (Sharpe Ratio) of 0.18, which attests that the entity had a 0.18% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for IF Bancorp, which you can use to evaluate the volatility of the firm. Please utilize IF Bancorp's Semi Deviation of 1.8, standard deviation of 2.27, and Market Risk Adjusted Performance of 2.16 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IF Bancorp holds a performance score of 13. The company owns a Beta (Systematic Risk) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IF Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding IF Bancorp is expected to be smaller as well. Please check IF Bancorp's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether IF Bancorp's current price history will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
IF Bancorp has poor reverse predictability. Overlapping area represents the amount of predictability between IF Bancorp time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 IF Bancorp price movement. The serial correlation of -0.4 indicates that just about 40.0% of current IF Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 5.14 |
IF Bancorp lagged returns against current returns
Autocorrelation, which is IF Bancorp 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 IF Bancorp's stock expected returns. We can calculate the autocorrelation of IF Bancorp returns to help us make a trade decision. For example, suppose you find that IF Bancorp 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 |
IF Bancorp 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 IF Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IF Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IF Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
IF Bancorp Lagged Returns
When evaluating IF Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IF Bancorp stock have on its future price. IF Bancorp 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, IF Bancorp autocorrelation shows the relationship between IF Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in IF Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with IF Bancorp
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 IF Bancorp 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 IF Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with IROQ Stock
| 0.63 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against IROQ Stock
| 0.72 | TFC-PO | Truist Financial | PairCorr |
| 0.72 | TFC-PR | Truist Financial | PairCorr |
| 0.72 | CFG-PE | Citizens Financial | PairCorr |
| 0.57 | WF | Woori Financial Group | PairCorr |
| 0.49 | NU | Nu Holdings | PairCorr |
The ability to find closely correlated positions to IF Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IF Bancorp 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 IF Bancorp - 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 IF Bancorp to buy it.
The correlation of IF Bancorp 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 IF Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IF Bancorp 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 IF Bancorp 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 IROQ Stock Analysis
When running IF Bancorp's price analysis, check to measure IF Bancorp'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 IF Bancorp is operating at the current time. Most of IF Bancorp's value examination focuses on studying past and present price action to predict the probability of IF Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IF Bancorp's price. Additionally, you may evaluate how the addition of IF Bancorp to your portfolios can decrease your overall portfolio volatility.