Icelandair Group (Iceland) Price on September 27, 2024
| ICEAIR Stock | ISK 1.18 0.03 2.61% |
If you're considering investing in Icelandair Stock, it is important to understand the factors that can impact its price. As of today, the current price of Icelandair Group stands at 1.18, as last reported on the 27th of November, with the highest price reaching 1.19 and the lowest price hitting 1.17 during the day. Icelandair Group appears to be very risky, given 3 months investment horizon. Icelandair Group holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Icelandair Group, which you can use to evaluate the volatility of the firm. Please utilize Icelandair Group's Market Risk Adjusted Performance of 1.67, downside deviation of 2.45, and Risk Adjusted Performance of 0.1326 to validate if our risk estimates are consistent with your expectations.
Icelandair Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Icelandair |
Sharpe Ratio = 0.1787
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Estimated Market Risk
| 2.74 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.49 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Icelandair Group is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Icelandair Group by adding it to a well-diversified portfolio.
Icelandair Group Valuation on September 27, 2024
It is possible to determine the worth of Icelandair Group on a given historical date. On September 27, 2024 Icelandair was worth 1.14 at the beginning of the trading date compared to the closed value of 1.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icelandair Group stock. Still, in general, we apply an absolute valuation method to find Icelandair Group's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Icelandair Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icelandair Group's related companies.
| Open | High | Low | Close | Volume | |
| 1.03 | 1.15 | 1.03 | 1.12 | 527,119,804 | |
09/27/2024 | 1.14 | 1.19 | 1.13 | 1.15 | 177,962,985 |
| 1.15 | 1.20 | 1.13 | 1.19 | 206,448,481 |
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Icelandair Group Trading Date Momentum on September 27, 2024
| On September 30 2024 Icelandair Group hf was traded for 1.19 at the closing time. The highest price during the trading period was 1.20 and the lowest recorded bid was listed for 1.13 . The volume for the day was 206.4 M. This history from September 30, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 3.48% . The trading delta at closing time to the current price is 2.61% . |
Icelandair Group Fundamentals Correlations and Trends
By evaluating Icelandair Group's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Icelandair Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Icelandair financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Icelandair Group Stock history
Icelandair Group investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Icelandair is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Icelandair Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Icelandair Group stock prices may prove useful in developing a viable investing in Icelandair Group
Icelandair Group hf., together with its subsidiaries, operates in the airline and tourism sectors. The company was founded in 1937 and is based in Reykjavik, Iceland. Icelandair Group operates under Airports Air Services classification in Exotistan and is traded on Commodity Exchange. It employs 4606 people.
Icelandair Group Stock Technical Analysis
Icelandair Group 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.
Price Boundaries
Icelandair Group Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Icelandair Group hf cannot be verified against its exchange. Please verify the symbol is currently traded on Iceland Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Icelandair Group November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Icelandair Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icelandair Group shares will generate the highest return on investment. By undertsting and applying Icelandair Group stock market strength indicators, traders can identify Icelandair Group hf entry and exit signals to maximize returns
Icelandair Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icelandair Group's price direction in advance. Along with the technical and fundamental analysis of Icelandair Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Icelandair to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1326 | |||
| Jensen Alpha | 0.4057 | |||
| Total Risk Alpha | 0.0078 | |||
| Sortino Ratio | 0.1292 | |||
| Treynor Ratio | 1.66 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Icelandair Stock analysis
When running Icelandair Group's price analysis, check to measure Icelandair Group'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 Icelandair Group is operating at the current time. Most of Icelandair Group's value examination focuses on studying past and present price action to predict the probability of Icelandair Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icelandair Group's price. Additionally, you may evaluate how the addition of Icelandair Group to your portfolios can decrease your overall portfolio volatility.
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