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IRX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.0346$
  • Previous Close
    0.0346$
  • 52 Week Change
    0.03$
  • Day Range
    0.00$
  • 52 Week High/Low
    0.018$ - 0.048$
  • Dividend Per Share
    --
  • Market cap
    7 471 K$
  • EPS
    0
  • Beta
    -0.032
  • Volume
    --

About

IRX.AU represents the iShares Core Composite Bond ETF traded on the Australian Securities Exchange (ASX). This exchange traded fund (ETF) aims to track the performance of the Bloomberg Composite Bond Index, offering investors exposure to a diversified portfolio of Australian investment grade bonds. The ETF holds a variety of government, supranational, and corporate bonds, providing a broad representation of the Australian fixed income market. Investors often utilize IRX.AU for diversification, income generation, and as a potential hedge against equity market volatility within their investment portfolios.
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Factors

Company Performance: IRX.AU's profitability, revenue growth, and overall financial health significantly influence its stock price.

Iron Ore Prices: As a mining company, fluctuations in iron ore prices directly impact IRX.AU's earnings and stock valuation.

Market Sentiment: General investor confidence or pessimism towards the mining sector and Australian market affect demand for IRX.AU shares.

Interest Rates: Changes in interest rates can impact borrowing costs for IRX.AU and influence investor decisions regarding equity investments.

Economic Conditions: Overall economic growth or recession in Australia and globally influences demand for iron ore and IRX.AU's prospects.

Production Volumes: The amount of iron ore IRX.AU extracts and sells affects its revenue and profitability, thus its stock price.

Operational Efficiency: IRX.AU's ability to control costs and improve efficiency in its operations impacts its bottom line and stock value.

Dividends: Dividend payouts can attract investors and support the stock price, while dividend cuts may negatively affect it.

Regulatory Changes: Government regulations related to mining, environment, and taxes can impact IRX.AU's operations and profitability.

Geopolitical Risks: Political instability or trade disputes in countries where IRX.AU operates or sells its products can affect its stock price.

Exchange Rates: Fluctuations in the Australian dollar's exchange rate can impact IRX.AU's revenue and profitability, especially for exports.

Competitor Activity: Actions by competing mining companies can influence investor perception of IRX.AU and its market position.

Exploration Success: Discoveries of new iron ore deposits can increase investor confidence and positively affect IRX.AU's stock price.

Environmental Concerns: Increasing focus on environmental sustainability can impact investor sentiment towards mining companies like IRX.AU.

Global Demand: Worldwide demand for steel, which relies on iron ore, is a key driver of IRX.AU's earnings and share price.

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