Iron Road Limited Stock Market Value
| IRNRF Stock | USD 0.03 0.00 0.00% |
| Symbol | Iron |
Iron Road '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 Iron Road's pink sheet 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 Iron Road.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Iron Road on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Iron Road Limited or generate 0.0% return on investment in Iron Road over 30 days. Iron Road is related to or competes with Nucor Corp, United States, Reliance Steel, ArcelorMittal, Commercial Metals, Steel Dynamics, and Cleveland Cliffs. Iron Road Limited explores for and evaluates iron ore properties in Australia More
Iron Road 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 Iron Road's pink sheet 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 Iron Road Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 31.21 |
Iron Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iron Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iron Road's standard deviation. In reality, there are many statistical measures that can use Iron Road historical prices to predict the future Iron Road's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | 2.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iron Road's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Iron Road Limited Backtested Returns
Iron Road Limited 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. Iron Road Limited exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iron Road's Standard Deviation of 3.84, market risk adjusted performance of 2.02, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Iron Road are expected to decrease at a much lower rate. During the bear market, Iron Road is likely to outperform the market. Iron Road Limited has an expected return of -0.5%. Please make sure to check out Iron Road information ratio and kurtosis , to decide if Iron Road Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Iron Road Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Iron Road time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Iron Road Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Iron Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iron Road Limited lagged returns against current returns
Autocorrelation, which is Iron Road pink sheet'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 Iron Road's pink sheet expected returns. We can calculate the autocorrelation of Iron Road returns to help us make a trade decision. For example, suppose you find that Iron Road has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Iron Road 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 Iron Road pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iron Road pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iron Road pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Iron Road Lagged Returns
When evaluating Iron Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iron Road pink sheet have on its future price. Iron Road 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, Iron Road autocorrelation shows the relationship between Iron Road pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Iron Road Limited.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Iron Road in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Iron Road's short interest history, or implied volatility extrapolated from Iron Road options trading.
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Complementary Tools for Iron Pink Sheet analysis
When running Iron Road's price analysis, check to measure Iron Road'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 Iron Road is operating at the current time. Most of Iron Road's value examination focuses on studying past and present price action to predict the probability of Iron Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iron Road's price. Additionally, you may evaluate how the addition of Iron Road to your portfolios can decrease your overall portfolio volatility.
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Iron Road technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.