Reitir Fasteignaflag (Iceland) Market Value
| REITIR Stock | ISK 106.00 1.00 0.95% |
| Symbol | Reitir |
Reitir Fasteignaflag '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 Reitir Fasteignaflag'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 Reitir Fasteignaflag.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Reitir Fasteignaflag on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Reitir fasteignaflag hf or generate 0.0% return on investment in Reitir Fasteignaflag over 60 days. Reitir Fasteignaflag is related to or competes with Kvika Banki, and Alvotech. Reitir fasteignaflag hf. engages in the rental of commercial properties in Iceland More
Reitir Fasteignaflag 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 Reitir Fasteignaflag'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 Reitir fasteignaflag hf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.932 | |||
| Information Ratio | 0.0979 | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 2.25 |
Reitir Fasteignaflag Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reitir Fasteignaflag's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reitir Fasteignaflag's standard deviation. In reality, there are many statistical measures that can use Reitir Fasteignaflag historical prices to predict the future Reitir Fasteignaflag's volatility.| Risk Adjusted Performance | 0.1682 | |||
| Jensen Alpha | 0.2765 | |||
| Total Risk Alpha | 0.0544 | |||
| Sortino Ratio | 0.1171 | |||
| Treynor Ratio | (0.60) |
Reitir fasteignaflag Backtested Returns
Reitir Fasteignaflag appears to be very steady, given 3 months investment horizon. Reitir fasteignaflag maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Reitir fasteignaflag, which you can use to evaluate the volatility of the company. Please evaluate Reitir Fasteignaflag's Coefficient Of Variation of 464.59, risk adjusted performance of 0.1682, and Semi Deviation of 0.4708 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Reitir Fasteignaflag holds a performance score of 18. The company holds a Beta of -0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Reitir Fasteignaflag are expected to decrease at a much lower rate. During the bear market, Reitir Fasteignaflag is likely to outperform the market. Please check Reitir Fasteignaflag's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Reitir Fasteignaflag's historical price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Reitir fasteignaflag hf has very weak reverse predictability. Overlapping area represents the amount of predictability between Reitir Fasteignaflag time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Reitir fasteignaflag price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Reitir Fasteignaflag price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 18.77 |
Reitir fasteignaflag lagged returns against current returns
Autocorrelation, which is Reitir Fasteignaflag 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 Reitir Fasteignaflag's stock expected returns. We can calculate the autocorrelation of Reitir Fasteignaflag returns to help us make a trade decision. For example, suppose you find that Reitir Fasteignaflag 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 |
Reitir Fasteignaflag 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 Reitir Fasteignaflag stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reitir Fasteignaflag stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reitir Fasteignaflag stock over time.
Current vs Lagged Prices |
| Timeline |
Reitir Fasteignaflag Lagged Returns
When evaluating Reitir Fasteignaflag's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reitir Fasteignaflag stock have on its future price. Reitir Fasteignaflag 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, Reitir Fasteignaflag autocorrelation shows the relationship between Reitir Fasteignaflag stock current value and its past values and can show if there is a momentum factor associated with investing in Reitir fasteignaflag hf.
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 Reitir Stock
Reitir Fasteignaflag financial ratios help investors to determine whether Reitir 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 Reitir with respect to the benefits of owning Reitir Fasteignaflag security.