Irish Residential (Ireland) Market Value
| IRES Stock | EUR 1.02 0.01 0.99% |
| 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.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Irish Residential on March 24, 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 30 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.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.02 |
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 | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Irish Residential'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.
Irish Residential Backtested Returns
Irish Residential holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Irish Residential exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Irish Residential's Risk Adjusted Performance of (0.08), standard deviation of 1.32, and Market Risk Adjusted Performance of (0.55) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.33, 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 has an expected return of -0.22%. Please make sure to check out Irish Residential information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Irish Residential performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Irish Residential Properties has good predictability. Overlapping area represents the amount of predictability between Irish Residential time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Irish Residential price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Irish Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| 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 |
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 Irish Residential 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, Irish Residential's short interest history, or implied volatility extrapolated from Irish Residential options trading.
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Complementary 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.
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Irish Residential technical stock 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, stock market cycles, or different charting patterns.