ITV PLC (UK) Market Value
| ITV Stock | 72.65 0.15 0.21% |
| Symbol | ITV |
ITV PLC '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 ITV PLC'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 ITV PLC.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ITV PLC on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding ITV PLC or generate 0.0% return on investment in ITV PLC over 180 days. ITV PLC is related to or competes with Premier Foods, AIM ImmunoTech, Grieg Seafood, Schweiter Technologies, Martin Marietta, Morgan Advanced, and Ebro Foods. ITV PLC is entity of United Kingdom. It is traded as Stock on LSE exchange. More
ITV PLC 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 ITV PLC'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 ITV PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.47 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.54 |
ITV PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITV PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITV PLC's standard deviation. In reality, there are many statistical measures that can use ITV PLC historical prices to predict the future ITV PLC's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.0234 | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.1011 |
ITV PLC Backtested Returns
ITV PLC holds Efficiency (Sharpe) Ratio of -0.0326, which attests that the entity had a -0.0326% return per unit of volatility over the last 3 months. ITV PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ITV PLC's market risk adjusted performance of 0.1111, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.88, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning ITV PLC are expected to decrease slowly. On the other hand, during market turmoil, ITV PLC is expected to outperform it slightly. At this point, ITV PLC has a negative expected return of -0.0764%. Please make sure to check out ITV PLC's daily balance of power, and the relationship between the skewness and day typical price , to decide if ITV PLC performance from the past will be repeated at some future point.
Auto-correlation | 0.09 |
Virtually no predictability
ITV PLC has virtually no predictability. Overlapping area represents the amount of predictability between ITV PLC time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 ITV PLC price movement. The serial correlation of 0.09 indicates that less than 9.0% of current ITV PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 31.46 |
ITV PLC lagged returns against current returns
Autocorrelation, which is ITV PLC 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 ITV PLC's stock expected returns. We can calculate the autocorrelation of ITV PLC returns to help us make a trade decision. For example, suppose you find that ITV PLC 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 |
ITV PLC 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 ITV PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITV PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITV PLC stock over time.
Current vs Lagged Prices |
| Timeline |
ITV PLC Lagged Returns
When evaluating ITV PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITV PLC stock have on its future price. ITV PLC 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, ITV PLC autocorrelation shows the relationship between ITV PLC stock current value and its past values and can show if there is a momentum factor associated with investing in ITV 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 ITV Stock
ITV PLC financial ratios help investors to determine whether ITV 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 ITV with respect to the benefits of owning ITV PLC security.