ITV Plc (Germany) Market Value
| IJ7 Stock | EUR 0.74 0.01 1.33% |
| Symbol | ITV |
ITV Plc '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 ITV Plc'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 ITV Plc.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in ITV Plc on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding ITV plc or generate 0.0% return on investment in ITV Plc over 30 days. ITV Plc is related to or competes with American Eagle, Strategic Education, STRAYER EDUCATION, Coeur Mining, Perseus Mining, Grand Canyon, and American Public. ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide More
ITV Plc 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 ITV Plc'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 ITV plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 21.63 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 2.2 |
ITV Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITV Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITV Plc's standard deviation. In reality, there are many statistical measures that can use ITV Plc historical prices to predict the future ITV Plc's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 1.41 |
ITV plc Backtested Returns
ITV plc holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of volatility over the last 3 months. ITV plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ITV Plc's market risk adjusted performance of 1.42, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ITV Plc are expected to decrease at a much lower rate. During the bear market, ITV Plc is likely to outperform the market. At this point, ITV plc has a negative expected return of -0.32%. Please make sure to check out ITV Plc's maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if ITV plc performance from the past will be repeated at some future point.
Auto-correlation | 0.60 |
Good predictability
ITV plc has good predictability. Overlapping area represents the amount of predictability between ITV Plc time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 ITV plc price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current ITV Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ITV plc lagged returns against current returns
Autocorrelation, which is ITV Plc 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 ITV Plc's stock expected returns. We can calculate the autocorrelation of ITV Plc returns to help us make a trade decision. For example, suppose you find that ITV Plc 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 |
ITV Plc 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 ITV Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITV Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITV Plc stock over time.
Current vs Lagged Prices |
| Timeline |
ITV Plc Lagged Returns
When evaluating ITV Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITV Plc stock have on its future price. ITV Plc 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, ITV Plc autocorrelation shows the relationship between ITV Plc stock current value and its past values and can show if there is a momentum factor associated with investing in ITV plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ITV Stock
ITV Plc financial ratios help investors to determine whether ITV Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ITV with respect to the benefits of owning ITV Plc security.