Icelandic Salmon (Norway) Market Value
| ISLAX Stock | NOK 119.00 2.00 1.65% |
| Symbol | Icelandic |
Icelandic Salmon '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 Icelandic Salmon'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 Icelandic Salmon.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Icelandic Salmon on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Icelandic Salmon As or generate 0.0% return on investment in Icelandic Salmon over 720 days. Icelandic Salmon is related to or competes with Masoval AS, Arctic Fish, Elkem ASA, Integrated Wind, Vow ASA, North Energy, and Arcticzymes Technologies. Icelandic Salmon AS engages in salmon farming and production activities in the Westfjords, Iceland More
Icelandic Salmon 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 Icelandic Salmon'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 Icelandic Salmon As upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.53 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.2 |
Icelandic Salmon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icelandic Salmon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icelandic Salmon's standard deviation. In reality, there are many statistical measures that can use Icelandic Salmon historical prices to predict the future Icelandic Salmon's volatility.| Risk Adjusted Performance | 0.0369 | |||
| Jensen Alpha | 0.1081 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icelandic Salmon'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.
Icelandic Salmon Backtested Returns
As of now, Icelandic Stock is very steady. Icelandic Salmon holds Efficiency (Sharpe) Ratio of 0.0644, which attests that the entity had a 0.0644% return per unit of risk over the last 3 months. We have found thirty technical indicators for Icelandic Salmon, which you can use to evaluate the volatility of the firm. Please check out Icelandic Salmon's Downside Deviation of 2.91, risk adjusted performance of 0.0369, and Market Risk Adjusted Performance of (0.36) to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Icelandic Salmon has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Icelandic Salmon are expected to decrease at a much lower rate. During the bear market, Icelandic Salmon is likely to outperform the market. Icelandic Salmon right now retains a risk of 2.32%. Please check out Icelandic Salmon jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to decide if Icelandic Salmon will be following its current trending patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Icelandic Salmon As has good reverse predictability. Overlapping area represents the amount of predictability between Icelandic Salmon time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Icelandic Salmon price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Icelandic Salmon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 121.51 |
Icelandic Salmon lagged returns against current returns
Autocorrelation, which is Icelandic Salmon 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 Icelandic Salmon's stock expected returns. We can calculate the autocorrelation of Icelandic Salmon returns to help us make a trade decision. For example, suppose you find that Icelandic Salmon 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 |
Icelandic Salmon 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 Icelandic Salmon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icelandic Salmon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icelandic Salmon stock over time.
Current vs Lagged Prices |
| Timeline |
Icelandic Salmon Lagged Returns
When evaluating Icelandic Salmon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icelandic Salmon stock have on its future price. Icelandic Salmon 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, Icelandic Salmon autocorrelation shows the relationship between Icelandic Salmon stock current value and its past values and can show if there is a momentum factor associated with investing in Icelandic Salmon As.
Regressed Prices |
| Timeline |
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Icelandic Salmon financial ratios help investors to determine whether Icelandic 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 Icelandic with respect to the benefits of owning Icelandic Salmon security.