ISFELAG HF's market value is the price at which a share of ISFELAG HF trades on a public exchange. It measures the collective expectations of ISFELAG HF investors about its performance. ISFELAG HF is trading at 152.80 as of the 27th of November 2024, a 0.78 percent decrease since the beginning of the trading day. The stock's open price was 154.0. With this module, you can estimate the performance of a buy and hold strategy of ISFELAG HF and determine expected loss or profit from investing in ISFELAG HF over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
ISFELAG
ISFELAG HF '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 ISFELAG HF'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 ISFELAG HF.
0.00
10/28/2024
No Change 0.00
0.0
In 30 days
11/27/2024
0.00
If you would invest 0.00 in ISFELAG HF on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding ISFELAG HF or generate 0.0% return on investment in ISFELAG HF over 30 days.
ISFELAG HF 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 ISFELAG HF'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 ISFELAG HF upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISFELAG HF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISFELAG HF's standard deviation. In reality, there are many statistical measures that can use ISFELAG HF historical prices to predict the future ISFELAG HF's volatility.
ISFELAG HF holds Efficiency (Sharpe) Ratio of -0.0312, which attests that the entity had a -0.0312% return per unit of return volatility over the last 3 months. ISFELAG HF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISFELAG HF's Market Risk Adjusted Performance of 0.6879, coefficient of variation of (4,978), and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0487, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ISFELAG HF are expected to decrease at a much lower rate. During the bear market, ISFELAG HF is likely to outperform the market. At this point, ISFELAG HF has a negative expected return of -0.0359%. Please make sure to check out ISFELAG HF's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if ISFELAG HF performance from the past will be repeated at future time.
Auto-correlation
-0.61
Very good reverse predictability
ISFELAG HF has very good reverse predictability. Overlapping area represents the amount of predictability between ISFELAG HF time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 ISFELAG HF price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current ISFELAG HF price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
-0.78
Residual Average
0.0
Price Variance
0.65
ISFELAG HF lagged returns against current returns
Autocorrelation, which is ISFELAG HF 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 ISFELAG HF's stock expected returns. We can calculate the autocorrelation of ISFELAG HF returns to help us make a trade decision. For example, suppose you find that ISFELAG HF 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
ISFELAG HF 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 ISFELAG HF stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISFELAG HF stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISFELAG HF stock over time.
Current vs Lagged Prices
Timeline
ISFELAG HF Lagged Returns
When evaluating ISFELAG HF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISFELAG HF stock have on its future price. ISFELAG HF 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, ISFELAG HF autocorrelation shows the relationship between ISFELAG HF stock current value and its past values and can show if there is a momentum factor associated with investing in ISFELAG HF.
Regressed Prices
Timeline
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