Ice Code (Poland) Market Value
| ICG Stock | 0.20 0.01 5.26% |
| Symbol | Ice |
Ice Code '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 Ice Code'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 Ice Code.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Ice Code on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ice Code Games or generate 0.0% return on investment in Ice Code over 30 days. Ice Code is related to or competes with Asseco Business, Movie Games, Igoria Trade, and Bank Millennium. More
Ice Code 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 Ice Code'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 Ice Code Games upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 39.87 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 7.14 |
Ice Code Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ice Code's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ice Code's standard deviation. In reality, there are many statistical measures that can use Ice Code historical prices to predict the future Ice Code's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 0.2044 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ice Code's 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.
Ice Code Games Backtested Returns
Ice Code Games holds Efficiency (Sharpe) Ratio of -0.22, which attests that the entity had a -0.22% return per unit of risk over the last 3 months. Ice Code Games exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ice Code's Risk Adjusted Performance of (0.02), standard deviation of 5.79, and Market Risk Adjusted Performance of 0.2144 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.17, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ice Code are expected to decrease by larger amounts. On the other hand, during market turmoil, Ice Code is expected to outperform it. At this point, Ice Code Games has a negative expected return of -1.01%. Please make sure to check out Ice Code's total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Ice Code Games performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Ice Code Games has good predictability. Overlapping area represents the amount of predictability between Ice Code 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 Ice Code Games price movement. The serial correlation of 0.67 indicates that around 67.0% of current Ice Code price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ice Code Games lagged returns against current returns
Autocorrelation, which is Ice Code 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 Ice Code's stock expected returns. We can calculate the autocorrelation of Ice Code returns to help us make a trade decision. For example, suppose you find that Ice Code 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 |
Ice Code 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 Ice Code stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ice Code stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ice Code stock over time.
Current vs Lagged Prices |
| Timeline |
Ice Code Lagged Returns
When evaluating Ice Code's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ice Code stock have on its future price. Ice Code 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, Ice Code autocorrelation shows the relationship between Ice Code stock current value and its past values and can show if there is a momentum factor associated with investing in Ice Code Games.
Regressed Prices |
| Timeline |
Pair Trading with Ice Code
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 Ice Code 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 Ice Code will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ice Code could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ice Code 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 Ice Code - 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 Ice Code Games to buy it.
The correlation of Ice Code 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 Ice Code moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ice Code Games 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 Ice Code 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 Ice Stock Analysis
When running Ice Code's price analysis, check to measure Ice Code'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 Ice Code is operating at the current time. Most of Ice Code's value examination focuses on studying past and present price action to predict the probability of Ice Code's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ice Code's price. Additionally, you may evaluate how the addition of Ice Code to your portfolios can decrease your overall portfolio volatility.