Ivanhoe Mines Stock Market Value
| IVN Stock | CAD 14.05 0.14 1.01% |
| Symbol | Ivanhoe |
Ivanhoe Mines Price To Book Ratio
Ivanhoe Mines '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 Ivanhoe Mines' 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 Ivanhoe Mines.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ivanhoe Mines on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ivanhoe Mines or generate 0.0% return on investment in Ivanhoe Mines over 90 days. Ivanhoe Mines is related to or competes with Lundin Mining, First Quantum, HudBay Minerals, Eldorado Gold, and IAMGold. Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primari... More
Ivanhoe Mines 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 Ivanhoe Mines' 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 Ivanhoe Mines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 20.42 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 4.81 |
Ivanhoe Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ivanhoe Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ivanhoe Mines' standard deviation. In reality, there are many statistical measures that can use Ivanhoe Mines historical prices to predict the future Ivanhoe Mines' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.35) |
Ivanhoe Mines Backtested Returns
Ivanhoe Mines holds Efficiency (Sharpe) Ratio of -0.0863, which attests that the entity had a -0.0863 % return per unit of risk over the last 3 months. Ivanhoe Mines exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ivanhoe Mines' Risk Adjusted Performance of (0.11), standard deviation of 3.54, and Market Risk Adjusted Performance of (0.34) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.38, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ivanhoe Mines will likely underperform. At this point, Ivanhoe Mines has a negative expected return of -0.31%. Please make sure to check out Ivanhoe Mines' value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Ivanhoe Mines performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Ivanhoe Mines has good predictability. Overlapping area represents the amount of predictability between Ivanhoe Mines time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Ivanhoe Mines price movement. The serial correlation of 0.68 indicates that around 68.0% of current Ivanhoe Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Ivanhoe Mines lagged returns against current returns
Autocorrelation, which is Ivanhoe Mines 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 Ivanhoe Mines' stock expected returns. We can calculate the autocorrelation of Ivanhoe Mines returns to help us make a trade decision. For example, suppose you find that Ivanhoe Mines 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 |
Ivanhoe Mines 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 Ivanhoe Mines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ivanhoe Mines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ivanhoe Mines stock over time.
Current vs Lagged Prices |
| Timeline |
Ivanhoe Mines Lagged Returns
When evaluating Ivanhoe Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ivanhoe Mines stock have on its future price. Ivanhoe Mines 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, Ivanhoe Mines autocorrelation shows the relationship between Ivanhoe Mines stock current value and its past values and can show if there is a momentum factor associated with investing in Ivanhoe Mines.
Regressed Prices |
| Timeline |
Pair Trading with Ivanhoe Mines
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 Ivanhoe Mines 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 Ivanhoe Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Ivanhoe Stock
Moving against Ivanhoe Stock
| 0.8 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.75 | TD | Toronto Dominion Bank | PairCorr |
| 0.64 | ORE | Orezone Gold Corp | PairCorr |
| 0.62 | VZ | Verizon Communications | PairCorr |
| 0.52 | FDR | Flinders Resources | PairCorr |
The ability to find closely correlated positions to Ivanhoe Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ivanhoe Mines 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 Ivanhoe Mines - 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 Ivanhoe Mines to buy it.
The correlation of Ivanhoe Mines 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 Ivanhoe Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ivanhoe Mines 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 Ivanhoe Mines 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.Other Information on Investing in Ivanhoe Stock
Ivanhoe Mines financial ratios help investors to determine whether Ivanhoe Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ivanhoe with respect to the benefits of owning Ivanhoe Mines security.