IRISH RES (Ireland) Market Value

IRES -  Ireland Stock  

EUR 1.55  0.01  0.64%

IRISH RES's market value is the price at which a share of IRISH RES stock trades on a public exchange. It measures the collective expectations of IRISH RES PROP investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of IRISH RES PROP and determine expected loss or profit from investing in IRISH RES over a given investment horizon. Please see IRISH RES Hype Analysis, IRISH RES Correlation, IRISH RES Valuation, IRISH RES Volatility, as well as analyze IRISH RES Alpha and Beta and IRISH RES Performance.
Symbol
Backtest

Please note, there is a significant difference between IRISH RES's value and its price as these two are different measures arrived at by different means. Investors typically determine IRISH RES value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRISH RES'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.

IRISH RES '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 RES'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 RES.
0.00
08/03/2020
No Change 0.00  0.0 
In 11 months and 27 days
07/29/2021
0.00
If you would invest  0.00  in IRISH RES on August 3, 2020 and sell it all today you would earn a total of 0.00 from holding IRISH RES PROP or generate 0.0% return on investment in IRISH RES over 360 days. Irish Residential Properties REIT Plc is an Irish REIT focused on consolidating the fragmented Irish rental market by ta...

IRISH RES 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 RES'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 RES PROP upside and downside potential and time the market with a certain degree of confidence.

IRISH RES Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IRISH RES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IRISH RES's standard deviation. In reality, there are many statistical measures that can use IRISH RES historical prices to predict the future IRISH RES's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of IRISH RES'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. Please use the tools below to analyze the current value of IRISH RES in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.271.562.85
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Intrinsic
Valuation
LowReal ValueHigh
0.021.312.60
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as IRISH RES. Your research has to be compared to or analyzed against IRISH RES's peers to derive any actionable benefits. When done correctly, IRISH RES's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in IRISH RES PROP.

IRISH RES PROP Backtested Returns

IRISH RES PROP holds Efficiency (Sharpe) Ratio of -0.047, which attests that the entity had -0.047% of return per unit of risk over the last 3 months. Macroaxis philosophy in determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. IRISH RES PROP exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out IRISH RES market risk adjusted performance of 0.4392, and Risk Adjusted Performance of (0.040007) to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of -0.2024, which attests to not very significant fluctuations relative to the market. Let's try to break down what IRISH's beta means in this case. As returns on the market increase, returns on owning IRISH RES are expected to decrease at a much lower rate. During the bear market, IRISH RES is likely to outperform the market. Even though it is essential to pay attention to IRISH RES PROP current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy in determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. IRISH RES PROP exposes twenty-one different technical indicators, which can help you to evaluate its performance. IRISH RES PROP has an expected return of -0.0612%. Please be advised to check out IRISH RES variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if IRISH RES PROP performance from the past will be repeated at future time.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.67)   

Very good reverse predictability

IRISH RES PROP has very good reverse predictability. Overlapping area represents the amount of predictability between IRISH RES time series from 3rd of August 2020 to 30th of January 2021 and 30th of January 2021 to 29th of July 2021. 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 RES PROP price movement. The serial correlation of -0.67 indicates that around 67.0% of current IRISH RES price fluctuation can be explain by its past prices. Given that IRISH RES PROP has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of IRISH RES for similar time interval.
Correlation Coefficient-0.67
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.0

IRISH RES PROP lagged returns against current returns

Autocorrelation, which is IRISH RES 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 RES's stock expected returns. We can calculate the autocorrelation of IRISH RES returns to help us make a trade decision. For example, suppose you find that IRISH RES stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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IRISH RES 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 RES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IRISH RES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IRISH RES stock over time.
 Current vs Lagged Prices 
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IRISH RES Lagged Returns

When evaluating IRISH RES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IRISH RES stock have on its future price. IRISH RES 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 RES autocorrelation shows the relationship between IRISH RES stock current value and its past values and can show if there is a momentum factor associated with investing in IRISH RES PROP.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in IRISH RES without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as IRISH RES PROP using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please see IRISH RES Hype Analysis, IRISH RES Correlation, IRISH RES Valuation, IRISH RES Volatility, as well as analyze IRISH RES Alpha and Beta and IRISH RES Performance. Note that the IRISH RES PROP information on this page should be used as a complementary analysis to other IRISH RES's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Other Tools for IRISH Stock

When running IRISH RES PROP price analysis, check to measure IRISH RES'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 RES is operating at the current time. Most of IRISH RES's value examination focuses on studying past and present price action to predict the probability of IRISH RES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IRISH RES's price. Additionally, you may evaluate how the addition of IRISH RES to your portfolios can decrease your overall portfolio volatility.
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