Irish Continental (Ireland) Market Value
| IR5B Stock | EUR 5.56 0.06 1.09% |
| Symbol | Irish |
Irish Continental '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 Irish Continental'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 Irish Continental.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Irish Continental on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Irish Continental Group or generate 0.0% return on investment in Irish Continental over 30 days. Irish Continental is related to or competes with Dalata Hotel, Kingspan Group, Glanbia PLC, Bank of Ireland, Donegal Investment, Glenveagh Properties, and Ryanair Holdings. More
Irish Continental 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 Irish Continental'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 Irish Continental Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.87 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.6 |
Irish Continental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Irish Continental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Irish Continental's standard deviation. In reality, there are many statistical measures that can use Irish Continental historical prices to predict the future Irish Continental's volatility.| Risk Adjusted Performance | 0.0169 | |||
| Jensen Alpha | 0.0806 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.03) |
Irish Continental Backtested Returns
Currently, Irish Continental Group is somewhat reliable. Irish Continental holds Efficiency (Sharpe) Ratio of 0.0249, which attests that the entity had a 0.0249% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Irish Continental, which you can use to evaluate the volatility of the firm. Please check out Irish Continental's Market Risk Adjusted Performance of (0.02), downside deviation of 1.84, and Risk Adjusted Performance of 0.0169 to validate if the risk estimate we provide is consistent with the expected return of 0.0419%. Irish Continental has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Irish Continental are expected to decrease at a much lower rate. During the bear market, Irish Continental is likely to outperform the market. Irish Continental right now retains a risk of 1.68%. Please check out Irish Continental coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Irish Continental will be following its current trending patterns.
Auto-correlation | 0.11 |
Insignificant predictability
Irish Continental Group has insignificant predictability. Overlapping area represents the amount of predictability between Irish Continental time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Irish Continental price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Irish Continental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Irish Continental lagged returns against current returns
Autocorrelation, which is Irish Continental 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 Irish Continental's stock expected returns. We can calculate the autocorrelation of Irish Continental returns to help us make a trade decision. For example, suppose you find that Irish Continental 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 |
Irish Continental 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 Irish Continental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Irish Continental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Irish Continental stock over time.
Current vs Lagged Prices |
| Timeline |
Irish Continental Lagged Returns
When evaluating Irish Continental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Irish Continental stock have on its future price. Irish Continental 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, Irish Continental autocorrelation shows the relationship between Irish Continental stock current value and its past values and can show if there is a momentum factor associated with investing in Irish Continental Group.
Regressed Prices |
| Timeline |
Pair Trading with Irish Continental
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 Irish Continental 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 Irish Continental will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Irish Continental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Irish Continental 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 Irish Continental - 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 Irish Continental Group to buy it.
The correlation of Irish Continental 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 Irish Continental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Irish Continental 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 Irish Continental 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 Irish Stock Analysis
When running Irish Continental's price analysis, check to measure Irish Continental'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 Irish Continental is operating at the current time. Most of Irish Continental's value examination focuses on studying past and present price action to predict the probability of Irish Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Irish Continental's price. Additionally, you may evaluate how the addition of Irish Continental to your portfolios can decrease your overall portfolio volatility.