ITALIAN WINE (Germany) Market Value
| MR3 Stock | 22.20 0.10 0.45% |
| Symbol | ITALIAN |
ITALIAN WINE '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 ITALIAN WINE'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 ITALIAN WINE.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ITALIAN WINE on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ITALIAN WINE BRANDS or generate 0.0% return on investment in ITALIAN WINE over 30 days. ITALIAN WINE is related to or competes with Merit Medical, GOODYEAR T, SCANDMEDICAL SOLDK-040, Apollo Medical, Mitsubishi Materials, Vulcan Materials, and NEWELL RUBBERMAID. More
ITALIAN WINE 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 ITALIAN WINE'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 ITALIAN WINE BRANDS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0179 | |||
| Maximum Drawdown | 24.49 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.44 |
ITALIAN WINE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITALIAN WINE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITALIAN WINE's standard deviation. In reality, there are many statistical measures that can use ITALIAN WINE historical prices to predict the future ITALIAN WINE's volatility.| Risk Adjusted Performance | 0.0586 | |||
| Jensen Alpha | 0.2454 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0177 | |||
| Treynor Ratio | (0.24) |
ITALIAN WINE BRANDS Backtested Returns
At this point, ITALIAN WINE is not too volatile. ITALIAN WINE BRANDS retains Efficiency (Sharpe Ratio) of 0.0482, which attests that the entity had a 0.0482% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ITALIAN WINE, which you can use to evaluate the volatility of the firm. Please check out ITALIAN WINE's Downside Deviation of 2.62, market risk adjusted performance of (0.23), and Semi Deviation of 2.21 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. ITALIAN WINE has a performance score of 3 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ITALIAN WINE are expected to decrease at a much lower rate. During the bear market, ITALIAN WINE is likely to outperform the market. ITALIAN WINE BRANDS now owns a risk of 2.59%. Please check out ITALIAN WINE BRANDS downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if ITALIAN WINE BRANDS will be following its current price history.
Auto-correlation | 0.11 |
Insignificant predictability
ITALIAN WINE BRANDS has insignificant predictability. Overlapping area represents the amount of predictability between ITALIAN WINE 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 ITALIAN WINE BRANDS price movement. The serial correlation of 0.11 indicates that less than 11.0% of current ITALIAN WINE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
ITALIAN WINE BRANDS lagged returns against current returns
Autocorrelation, which is ITALIAN WINE 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 ITALIAN WINE's stock expected returns. We can calculate the autocorrelation of ITALIAN WINE returns to help us make a trade decision. For example, suppose you find that ITALIAN WINE 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 |
ITALIAN WINE 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 ITALIAN WINE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITALIAN WINE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITALIAN WINE stock over time.
Current vs Lagged Prices |
| Timeline |
ITALIAN WINE Lagged Returns
When evaluating ITALIAN WINE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITALIAN WINE stock have on its future price. ITALIAN WINE 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, ITALIAN WINE autocorrelation shows the relationship between ITALIAN WINE stock current value and its past values and can show if there is a momentum factor associated with investing in ITALIAN WINE BRANDS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ITALIAN Stock
ITALIAN WINE financial ratios help investors to determine whether ITALIAN 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 ITALIAN with respect to the benefits of owning ITALIAN WINE security.