Ideal Group (Greece) Market Value
| INTEK Stock | EUR 5.85 0.01 0.17% |
| Symbol | Ideal |
Ideal Group '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 Ideal Group'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 Ideal Group.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ideal Group on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ideal Group SA or generate 0.0% return on investment in Ideal Group over 30 days. Ideal Group is related to or competes with Hellenic Telecommunicatio, Terna Energy, Motor Oil, Public Power, and GEK TERNA. IDEAL Group S.A. distributes white electrical appliances, information technology products, and lighting products in Gree... More
Ideal Group 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 Ideal Group'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 Ideal Group SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 1.69 |
Ideal Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ideal Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ideal Group's standard deviation. In reality, there are many statistical measures that can use Ideal Group historical prices to predict the future Ideal Group's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.056 |
Ideal Group SA Backtested Returns
At this point, Ideal Group is not too volatile. Ideal Group SA holds Efficiency (Sharpe) Ratio of 0.0169, which attests that the entity had a 0.0169% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ideal Group SA, which you can use to evaluate the volatility of the firm. Please check out Ideal Group's Market Risk Adjusted Performance of 0.066, risk adjusted performance of 0.0248, and Downside Deviation of 1.43 to validate if the risk estimate we provide is consistent with the expected return of 0.0204%. Ideal Group has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ideal Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ideal Group is expected to be smaller as well. Ideal Group SA right now retains a risk of 1.21%. Please check out Ideal Group downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Ideal Group will be following its current trending patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Ideal Group SA has good reverse predictability. Overlapping area represents the amount of predictability between Ideal Group time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Ideal Group SA price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Ideal Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ideal Group SA lagged returns against current returns
Autocorrelation, which is Ideal Group 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 Ideal Group's stock expected returns. We can calculate the autocorrelation of Ideal Group returns to help us make a trade decision. For example, suppose you find that Ideal Group 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 |
Ideal Group 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 Ideal Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ideal Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ideal Group stock over time.
Current vs Lagged Prices |
| Timeline |
Ideal Group Lagged Returns
When evaluating Ideal Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ideal Group stock have on its future price. Ideal Group 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, Ideal Group autocorrelation shows the relationship between Ideal Group stock current value and its past values and can show if there is a momentum factor associated with investing in Ideal Group SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Ideal Stock
Ideal Group financial ratios help investors to determine whether Ideal 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 Ideal with respect to the benefits of owning Ideal Group security.