Izertis Sa (Spain) Market Value
| IZER Stock | EUR 9.76 0.02 0.21% |
| Symbol | Izertis |
Izertis Sa '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 Izertis Sa'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 Izertis Sa.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Izertis Sa on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Izertis Sa or generate 0.0% return on investment in Izertis Sa over 30 days. Izertis Sa is related to or competes with Arteche Lantegi, NH Hoteles, Naturhouse Health, Tier1 Technology, Squirrel Media, Atrys Health, and Arrienda Rental. izertis, S.A. operates as a technology consulting firm that helps organizations in their digital metamorphosis process i... More
Izertis Sa 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 Izertis Sa'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 Izertis Sa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 2.62 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.8097 |
Izertis Sa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Izertis Sa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Izertis Sa's standard deviation. In reality, there are many statistical measures that can use Izertis Sa historical prices to predict the future Izertis Sa's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 1.45 |
Izertis Sa Backtested Returns
Izertis Sa holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Izertis Sa exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Izertis Sa's Standard Deviation of 0.5399, risk adjusted performance of (0.13), and Market Risk Adjusted Performance of 1.46 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0674, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Izertis Sa are expected to decrease at a much lower rate. During the bear market, Izertis Sa is likely to outperform the market. At this point, Izertis Sa has a negative expected return of -0.0875%. Please make sure to check out Izertis Sa's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Izertis Sa performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Izertis Sa has insignificant reverse predictability. Overlapping area represents the amount of predictability between Izertis Sa time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Izertis Sa price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Izertis Sa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Izertis Sa lagged returns against current returns
Autocorrelation, which is Izertis Sa 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 Izertis Sa's stock expected returns. We can calculate the autocorrelation of Izertis Sa returns to help us make a trade decision. For example, suppose you find that Izertis Sa 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 |
Izertis Sa 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 Izertis Sa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Izertis Sa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Izertis Sa stock over time.
Current vs Lagged Prices |
| Timeline |
Izertis Sa Lagged Returns
When evaluating Izertis Sa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Izertis Sa stock have on its future price. Izertis Sa 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, Izertis Sa autocorrelation shows the relationship between Izertis Sa stock current value and its past values and can show if there is a momentum factor associated with investing in Izertis Sa.
Regressed Prices |
| Timeline |
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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 Izertis Stock
Izertis Sa financial ratios help investors to determine whether Izertis 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 Izertis with respect to the benefits of owning Izertis Sa security.