Ithaca Energy (UK) Market Value
| ITH Stock | 103.40 16.68 13.89% |
| Symbol | Ithaca |
Ithaca Energy '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 Ithaca Energy'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 Ithaca Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ithaca Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ithaca Energy PLC or generate 0.0% return on investment in Ithaca Energy over 30 days. Ithaca Energy is related to or competes with Check Point, Universal Display, CleanTech Lithium, AMG Advanced, British American, Verizon Communications, and Coeur Mining. Ithaca Energy is entity of United Kingdom More
Ithaca Energy 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 Ithaca Energy'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 Ithaca Energy PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.52 | |||
| Value At Risk | (5.34) | |||
| Potential Upside | 5.58 |
Ithaca Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ithaca Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ithaca Energy's standard deviation. In reality, there are many statistical measures that can use Ithaca Energy historical prices to predict the future Ithaca Energy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.52) |
Ithaca Energy PLC Backtested Returns
Ithaca Energy PLC holds Efficiency (Sharpe) Ratio of -0.0841, which attests that the entity had a -0.0841% return per unit of risk over the last 3 months. Ithaca Energy PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ithaca Energy's Standard Deviation of 3.47, market risk adjusted performance of (0.51), and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ithaca Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ithaca Energy is expected to be smaller as well. At this point, Ithaca Energy PLC has a negative expected return of -0.3%. Please make sure to check out Ithaca Energy's maximum drawdown, accumulation distribution, and the relationship between the total risk alpha and skewness , to decide if Ithaca Energy PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Ithaca Energy PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Ithaca Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Ithaca Energy PLC price movement. The serial correlation of -0.25 indicates that over 25.0% of current Ithaca Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 61.38 |
Ithaca Energy PLC lagged returns against current returns
Autocorrelation, which is Ithaca Energy 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 Ithaca Energy's stock expected returns. We can calculate the autocorrelation of Ithaca Energy returns to help us make a trade decision. For example, suppose you find that Ithaca Energy 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 |
Ithaca Energy 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 Ithaca Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ithaca Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ithaca Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Ithaca Energy Lagged Returns
When evaluating Ithaca Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ithaca Energy stock have on its future price. Ithaca Energy 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, Ithaca Energy autocorrelation shows the relationship between Ithaca Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Ithaca Energy PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ithaca Stock
Ithaca Energy financial ratios help investors to determine whether Ithaca 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 Ithaca with respect to the benefits of owning Ithaca Energy security.