Inter Cars (Poland) Market Value
| CAR Stock | 483.50 9.00 1.83% |
| Symbol | Inter |
Inter Cars '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 Inter Cars' 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 Inter Cars.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Inter Cars on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Inter Cars SA or generate 0.0% return on investment in Inter Cars over 30 days.
Inter Cars 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 Inter Cars' 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 Inter Cars SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.81 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.97 |
Inter Cars Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inter Cars' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inter Cars' standard deviation. In reality, there are many statistical measures that can use Inter Cars historical prices to predict the future Inter Cars' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.93) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inter Cars' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Inter Cars SA Backtested Returns
Inter Cars SA holds Efficiency (Sharpe) Ratio of -0.0431, which attests that the entity had a -0.0431% return per unit of risk over the last 3 months. Inter Cars SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inter Cars' Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.92), and Standard Deviation of 1.79 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0999, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Inter Cars' returns are expected to increase less than the market. However, during the bear market, the loss of holding Inter Cars is expected to be smaller as well. At this point, Inter Cars SA has a negative expected return of -0.0779%. Please make sure to check out Inter Cars' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Inter Cars SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Inter Cars SA has average predictability. Overlapping area represents the amount of predictability between Inter Cars time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Inter Cars SA price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Inter Cars price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 28.64 |
Inter Cars SA lagged returns against current returns
Autocorrelation, which is Inter Cars 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 Inter Cars' stock expected returns. We can calculate the autocorrelation of Inter Cars returns to help us make a trade decision. For example, suppose you find that Inter Cars 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 |
Inter Cars 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 Inter Cars stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inter Cars stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inter Cars stock over time.
Current vs Lagged Prices |
| Timeline |
Inter Cars Lagged Returns
When evaluating Inter Cars' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inter Cars stock have on its future price. Inter Cars 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, Inter Cars autocorrelation shows the relationship between Inter Cars stock current value and its past values and can show if there is a momentum factor associated with investing in Inter Cars SA.
Regressed Prices |
| Timeline |
Pair Trading with Inter Cars
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Inter Cars position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inter Cars will appreciate offsetting losses from the drop in the long position's value.Moving together with Inter Stock
Moving against Inter Stock
| 0.65 | CEZ | CEZ as | PairCorr |
| 0.53 | UCG | UniCredit SpA | PairCorr |
| 0.38 | DNP | Dino Polska SA | PairCorr |
| 0.31 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to Inter Cars could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inter Cars when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inter Cars - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inter Cars SA to buy it.
The correlation of Inter Cars is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inter Cars moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inter Cars SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Inter Cars can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Inter Stock Analysis
When running Inter Cars' price analysis, check to measure Inter Cars' 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 Inter Cars is operating at the current time. Most of Inter Cars' value examination focuses on studying past and present price action to predict the probability of Inter Cars' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inter Cars' price. Additionally, you may evaluate how the addition of Inter Cars to your portfolios can decrease your overall portfolio volatility.