Igoria Trade (Poland) Market Value
| IGT Stock | 0.27 0.01 3.85% |
| Symbol | Igoria |
Igoria Trade '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 Igoria Trade'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 Igoria Trade.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Igoria Trade on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Igoria Trade SA or generate 0.0% return on investment in Igoria Trade over 540 days. Igoria Trade is related to or competes with Asseco Business, Movie Games, Altustfi, 3R Games, and . More
Igoria Trade 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 Igoria Trade'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 Igoria Trade SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.56 | |||
| Information Ratio | (0.0002) | |||
| Maximum Drawdown | 18.04 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.41 |
Igoria Trade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Igoria Trade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Igoria Trade's standard deviation. In reality, there are many statistical measures that can use Igoria Trade historical prices to predict the future Igoria Trade's volatility.| Risk Adjusted Performance | 0.0338 | |||
| Jensen Alpha | 0.1066 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.0001) | |||
| Treynor Ratio | 1.63 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Igoria Trade'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.
Igoria Trade SA Backtested Returns
Currently, Igoria Trade SA is out of control. Igoria Trade SA holds Efficiency (Sharpe) Ratio of 0.0175, which attests that the entity had a 0.0175% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Igoria Trade SA, which you can use to evaluate the volatility of the firm. Please check out Igoria Trade's Market Risk Adjusted Performance of 1.64, downside deviation of 5.56, and Risk Adjusted Performance of 0.0338 to validate if the risk estimate we provide is consistent with the expected return of 0.0618%. Igoria Trade has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0704, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Igoria Trade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Igoria Trade is expected to be smaller as well. Igoria Trade SA right now retains a risk of 3.54%. Please check out Igoria Trade treynor ratio and the relationship between the downside variance and day typical price , to decide if Igoria Trade will be following its current trending patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Igoria Trade SA has insignificant predictability. Overlapping area represents the amount of predictability between Igoria Trade time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Igoria Trade SA price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Igoria Trade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Igoria Trade SA lagged returns against current returns
Autocorrelation, which is Igoria Trade 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 Igoria Trade's stock expected returns. We can calculate the autocorrelation of Igoria Trade returns to help us make a trade decision. For example, suppose you find that Igoria Trade 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 |
Igoria Trade 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 Igoria Trade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Igoria Trade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Igoria Trade stock over time.
Current vs Lagged Prices |
| Timeline |
Igoria Trade Lagged Returns
When evaluating Igoria Trade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Igoria Trade stock have on its future price. Igoria Trade 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, Igoria Trade autocorrelation shows the relationship between Igoria Trade stock current value and its past values and can show if there is a momentum factor associated with investing in Igoria Trade SA.
Regressed Prices |
| Timeline |
Pair Trading with Igoria Trade
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 Igoria Trade 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 Igoria Trade will appreciate offsetting losses from the drop in the long position's value.Moving against Igoria Stock
| 0.54 | CEZ | CEZ as | PairCorr |
| 0.47 | UCG | UniCredit SpA | PairCorr |
| 0.43 | ECH | Echo Investment SA | PairCorr |
| 0.42 | DNP | Dino Polska SA | PairCorr |
| 0.41 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to Igoria Trade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Igoria Trade 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 Igoria Trade - 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 Igoria Trade SA to buy it.
The correlation of Igoria Trade 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 Igoria Trade moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Igoria Trade 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 Igoria Trade 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 Igoria Stock Analysis
When running Igoria Trade's price analysis, check to measure Igoria Trade'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 Igoria Trade is operating at the current time. Most of Igoria Trade's value examination focuses on studying past and present price action to predict the probability of Igoria Trade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Igoria Trade's price. Additionally, you may evaluate how the addition of Igoria Trade to your portfolios can decrease your overall portfolio volatility.