ITAB Shop (Sweden) Market Value
| ITAB Stock | 23.30 0.20 0.87% |
| Symbol | ITAB |
ITAB Shop '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 ITAB Shop'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 ITAB Shop.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ITAB Shop on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ITAB Shop Concept or generate 0.0% return on investment in ITAB Shop over 30 days. ITAB Shop is related to or competes with Inwido AB, Elanders, Byggmax Group, Dustin Group, and New Wave. More
ITAB Shop 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 ITAB Shop'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 ITAB Shop Concept upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.74 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 5.08 |
ITAB Shop Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITAB Shop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITAB Shop's standard deviation. In reality, there are many statistical measures that can use ITAB Shop historical prices to predict the future ITAB Shop's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0162 |
ITAB Shop Concept Backtested Returns
ITAB Shop Concept retains Efficiency (Sharpe Ratio) of -0.0116, which attests that the entity had a -0.0116% return per unit of return volatility over the last 3 months. ITAB Shop exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ITAB Shop's Market Risk Adjusted Performance of 0.0262, downside deviation of 2.59, and Semi Deviation of 2.38 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ITAB Shop's returns are expected to increase less than the market. However, during the bear market, the loss of holding ITAB Shop is expected to be smaller as well. At this point, ITAB Shop Concept has a negative expected return of -0.0406%. Please make sure to check out ITAB Shop's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if ITAB Shop Concept performance from the past will be repeated in the future.
Auto-correlation | 0.92 |
Excellent predictability
ITAB Shop Concept has excellent predictability. Overlapping area represents the amount of predictability between ITAB Shop time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 ITAB Shop Concept price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current ITAB Shop price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
ITAB Shop Concept lagged returns against current returns
Autocorrelation, which is ITAB Shop 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 ITAB Shop's stock expected returns. We can calculate the autocorrelation of ITAB Shop returns to help us make a trade decision. For example, suppose you find that ITAB Shop 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 |
ITAB Shop 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 ITAB Shop stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITAB Shop stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITAB Shop stock over time.
Current vs Lagged Prices |
| Timeline |
ITAB Shop Lagged Returns
When evaluating ITAB Shop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITAB Shop stock have on its future price. ITAB Shop 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, ITAB Shop autocorrelation shows the relationship between ITAB Shop stock current value and its past values and can show if there is a momentum factor associated with investing in ITAB Shop Concept.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ITAB Stock Analysis
When running ITAB Shop's price analysis, check to measure ITAB Shop'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 ITAB Shop is operating at the current time. Most of ITAB Shop's value examination focuses on studying past and present price action to predict the probability of ITAB Shop's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITAB Shop's price. Additionally, you may evaluate how the addition of ITAB Shop to your portfolios can decrease your overall portfolio volatility.