UnknownUnicorn25462132

IGO Limited - Absolute Return following 6 Consecutive Down Days

Pembelian
ASX:IGO   IGO LIMITED
I note that IGO has closed lower for 6 consecutive trading days. Historically this type of persistent weakness usually led to a short-term bounce.

Since 2002, IGO has fallen for 6 Consecutive Down Days (up or unchanged Day followed by 6 down Days) on 23 occasions. Following this weakness, IGO managed an average 3-day gain of 5.40%, with a win rate of 19 from 23 (median 3.94%, standard deviation 10.06%).
Komentar:
The market remained compliant with the in-sample data. The 3-day out-of-sample return was 8.63% vs the in-sample average return of 5.40%. The win rate now stands at 20 from 24 events.
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