Arion Banki's market value is the price at which a share of Arion Banki trades on a public exchange. It measures the collective expectations of Arion banki hf investors about its performance. Arion Banki is trading at 156.50 as of the 27th of November 2024. This is a 1.62 percent increase since the beginning of the trading day. The stock's open price was 154.0. With this module, you can estimate the performance of a buy and hold strategy of Arion banki hf and determine expected loss or profit from investing in Arion Banki over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Arion
Arion Banki '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 Arion Banki'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 Arion Banki.
0.00
10/28/2024
No Change 0.00
0.0
In 30 days
11/27/2024
0.00
If you would invest 0.00 in Arion Banki on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Arion banki hf or generate 0.0% return on investment in Arion Banki over 30 days.
Arion Banki 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 Arion Banki'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 Arion banki hf upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arion Banki's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arion Banki's standard deviation. In reality, there are many statistical measures that can use Arion Banki historical prices to predict the future Arion Banki's volatility.
Arion Banki is very steady at the moment. Arion banki hf secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Arion banki hf, which you can use to evaluate the volatility of the firm. Please confirm Arion Banki's Risk Adjusted Performance of 0.1181, mean deviation of 0.8778, and Downside Deviation of 1.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Arion Banki has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Arion Banki are expected to decrease at a much lower rate. During the bear market, Arion Banki is likely to outperform the market. Arion banki hf right now shows a risk of 1.21%. Please confirm Arion banki hf potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Arion banki hf will be following its price patterns.
Auto-correlation
-0.06
Very weak reverse predictability
Arion banki hf has very weak reverse predictability. Overlapping area represents the amount of predictability between Arion Banki time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Arion banki hf price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Arion Banki price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.06
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
2.33
Arion banki hf lagged returns against current returns
Autocorrelation, which is Arion Banki 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 Arion Banki's stock expected returns. We can calculate the autocorrelation of Arion Banki returns to help us make a trade decision. For example, suppose you find that Arion Banki 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
Arion Banki 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 Arion Banki stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arion Banki stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arion Banki stock over time.
Current vs Lagged Prices
Timeline
Arion Banki Lagged Returns
When evaluating Arion Banki's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arion Banki stock have on its future price. Arion Banki 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, Arion Banki autocorrelation shows the relationship between Arion Banki stock current value and its past values and can show if there is a momentum factor associated with investing in Arion banki hf.
Regressed Prices
Timeline
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