IT Link (France) Market Value
| ALITL Stock | EUR 26.50 0.20 0.75% |
| Symbol | ALITL |
IT Link '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 IT Link'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 IT Link.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in IT Link on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding IT Link or generate 0.0% return on investment in IT Link over 180 days. IT Link is related to or competes with Neurones, Infotel SA, and Wavestone. The company offers sensors, actuators, and embedded intelligence systems Internet of things and industrial connected sys... More
IT Link 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 IT Link'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 IT Link upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.38 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.37 |
IT Link Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IT Link's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IT Link's standard deviation. In reality, there are many statistical measures that can use IT Link historical prices to predict the future IT Link's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.24) |
IT Link Backtested Returns
IT Link retains Efficiency (Sharpe Ratio) of -7.0E-4, which attests that the entity had a -7.0E-4% return per unit of price deviation over the last 3 months. IT Link exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IT Link's Market Risk Adjusted Performance of (0.23), coefficient of variation of (7,004), and Information Ratio of (0.07) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IT Link's returns are expected to increase less than the market. However, during the bear market, the loss of holding IT Link is expected to be smaller as well. At this point, IT Link has a negative expected return of -0.0017%. Please make sure to check out IT Link's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if IT Link performance from the past will be repeated sooner or later.
Auto-correlation | 0.17 |
Very weak predictability
IT Link has very weak predictability. Overlapping area represents the amount of predictability between IT Link time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 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 IT Link price movement. The serial correlation of 0.17 indicates that over 17.0% of current IT Link price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
IT Link lagged returns against current returns
Autocorrelation, which is IT Link 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 IT Link's stock expected returns. We can calculate the autocorrelation of IT Link returns to help us make a trade decision. For example, suppose you find that IT Link 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 |
IT Link 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 IT Link stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IT Link stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IT Link stock over time.
Current vs Lagged Prices |
| Timeline |
IT Link Lagged Returns
When evaluating IT Link's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IT Link stock have on its future price. IT Link 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, IT Link autocorrelation shows the relationship between IT Link stock current value and its past values and can show if there is a momentum factor associated with investing in IT Link.
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 ALITL Stock Analysis
When running IT Link's price analysis, check to measure IT Link'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 IT Link is operating at the current time. Most of IT Link's value examination focuses on studying past and present price action to predict the probability of IT Link's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IT Link's price. Additionally, you may evaluate how the addition of IT Link to your portfolios can decrease your overall portfolio volatility.