ICeram SA (France) Market Value
| ALICR Stock | EUR 0.40 0.06 13.04% |
| Symbol | ICeram |
ICeram SA '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 ICeram SA'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 ICeram SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in ICeram SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding ICeram SA or generate 0.0% return on investment in ICeram SA over 360 days. ICeram SA is related to or competes with Implanet, and Crossject. I.CERAM SA designs, manufactures, and markets alumina bio-ceramic implants in France and internationally More
ICeram SA 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 ICeram SA'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 ICeram SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 26.11 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 3.51 |
ICeram SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICeram SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICeram SA's standard deviation. In reality, there are many statistical measures that can use ICeram SA historical prices to predict the future ICeram SA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (2.18) |
ICeram SA Backtested Returns
ICeram SA holds Efficiency (Sharpe) Ratio of -0.0676, which attests that the company had a -0.0676% return per unit of risk over the last 3 months. ICeram SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ICeram SA's variance of 10.49, and Coefficient Of Variation of (1,299) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ICeram SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICeram SA is expected to be smaller as well. At this point, ICeram SA has a negative expected return of -0.22%. Please make sure to check out ICeram SA's total risk alpha, as well as the relationship between the skewness and day median price , to decide if ICeram SA performance from the past will be repeated at some future point.
Auto-correlation | 0.22 |
Weak predictability
ICeram SA has weak predictability. Overlapping area represents the amount of predictability between ICeram SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 ICeram SA price movement. The serial correlation of 0.22 indicates that over 22.0% of current ICeram SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ICeram SA lagged returns against current returns
Autocorrelation, which is ICeram SA 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 ICeram SA's stock expected returns. We can calculate the autocorrelation of ICeram SA returns to help us make a trade decision. For example, suppose you find that ICeram SA 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 |
ICeram SA 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 ICeram SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICeram SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICeram SA stock over time.
Current vs Lagged Prices |
| Timeline |
ICeram SA Lagged Returns
When evaluating ICeram SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICeram SA stock have on its future price. ICeram SA 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, ICeram SA autocorrelation shows the relationship between ICeram SA stock current value and its past values and can show if there is a momentum factor associated with investing in ICeram SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ICeram Stock Analysis
When running ICeram SA's price analysis, check to measure ICeram SA'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 ICeram SA is operating at the current time. Most of ICeram SA's value examination focuses on studying past and present price action to predict the probability of ICeram SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICeram SA's price. Additionally, you may evaluate how the addition of ICeram SA to your portfolios can decrease your overall portfolio volatility.