Iceland Seafood (Iceland) Market Value
| ICESEA Stock | ISK 4.64 0.08 1.69% |
| Symbol | Iceland |
Iceland Seafood '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 Iceland Seafood'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 Iceland Seafood.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Iceland Seafood on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Iceland Seafood International or generate 0.0% return on investment in Iceland Seafood over 90 days. Iceland Seafood is related to or competes with Alvotech, Festi Hf, Hagar Hf, Marel Hf, Hampidjan, and Eik Fasteignaflag. Iceland Seafood International hf., together with its subsidiaries, processes, sells, and distributes seafood products pr... More
Iceland Seafood 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 Iceland Seafood'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 Iceland Seafood International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.27 |
Iceland Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iceland Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iceland Seafood's standard deviation. In reality, there are many statistical measures that can use Iceland Seafood historical prices to predict the future Iceland Seafood's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (1.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iceland Seafood's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Iceland Seafood Inte Backtested Returns
Iceland Seafood Inte holds Efficiency (Sharpe) Ratio of -0.0821, which attests that the entity had a -0.0821% return per unit of risk over the last 3 months. Iceland Seafood Inte exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iceland Seafood's Standard Deviation of 1.18, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (1.91) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0684, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Iceland Seafood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Iceland Seafood is expected to be smaller as well. At this point, Iceland Seafood Inte has a negative expected return of -0.0973%. Please make sure to check out Iceland Seafood's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Iceland Seafood Inte performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Iceland Seafood International has modest reverse predictability. Overlapping area represents the amount of predictability between Iceland Seafood time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Iceland Seafood Inte price movement. The serial correlation of -0.47 indicates that about 47.0% of current Iceland Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Iceland Seafood Inte lagged returns against current returns
Autocorrelation, which is Iceland Seafood 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 Iceland Seafood's stock expected returns. We can calculate the autocorrelation of Iceland Seafood returns to help us make a trade decision. For example, suppose you find that Iceland Seafood 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 |
Iceland Seafood 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 Iceland Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iceland Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iceland Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Iceland Seafood Lagged Returns
When evaluating Iceland Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iceland Seafood stock have on its future price. Iceland Seafood 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, Iceland Seafood autocorrelation shows the relationship between Iceland Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Iceland Seafood International.
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 Iceland Stock
Iceland Seafood financial ratios help investors to determine whether Iceland 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 Iceland with respect to the benefits of owning Iceland Seafood security.