Iktinos Hellas (Greece) Market Value
| IKTIN Stock | EUR 0.34 0.02 6.25% |
| Symbol | Iktinos |
Iktinos Hellas '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 Iktinos Hellas' 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 Iktinos Hellas.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Iktinos Hellas on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Iktinos Hellas SA or generate 0.0% return on investment in Iktinos Hellas over 30 days. Iktinos Hellas is related to or competes with Hellenic Petroleum, Motor Oil, Hellenic Exchanges, Athens Water, and Aegean Airlines. Greek Marble Industry Technical and Touristic Company quarries, cuts, and processes marbles in Greece, the Euro Area, an... More
Iktinos Hellas 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 Iktinos Hellas' 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 Iktinos Hellas SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 6.25 |
Iktinos Hellas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iktinos Hellas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iktinos Hellas' standard deviation. In reality, there are many statistical measures that can use Iktinos Hellas historical prices to predict the future Iktinos Hellas' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.19) |
Iktinos Hellas SA Backtested Returns
Iktinos Hellas SA holds Efficiency (Sharpe) Ratio of -0.026, which attests that the entity had a -0.026% return per unit of risk over the last 3 months. Iktinos Hellas SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iktinos Hellas' Market Risk Adjusted Performance of (0.18), risk adjusted performance of (0.01), and Standard Deviation of 3.15 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Iktinos Hellas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Iktinos Hellas is expected to be smaller as well. At this point, Iktinos Hellas SA has a negative expected return of -0.0814%. Please make sure to check out Iktinos Hellas' maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Iktinos Hellas SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Iktinos Hellas SA has poor reverse predictability. Overlapping area represents the amount of predictability between Iktinos Hellas time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Iktinos Hellas SA price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Iktinos Hellas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iktinos Hellas SA lagged returns against current returns
Autocorrelation, which is Iktinos Hellas 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 Iktinos Hellas' stock expected returns. We can calculate the autocorrelation of Iktinos Hellas returns to help us make a trade decision. For example, suppose you find that Iktinos Hellas 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 |
Iktinos Hellas 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 Iktinos Hellas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iktinos Hellas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iktinos Hellas stock over time.
Current vs Lagged Prices |
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Iktinos Hellas Lagged Returns
When evaluating Iktinos Hellas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iktinos Hellas stock have on its future price. Iktinos Hellas 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, Iktinos Hellas autocorrelation shows the relationship between Iktinos Hellas stock current value and its past values and can show if there is a momentum factor associated with investing in Iktinos Hellas SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Iktinos Stock
Iktinos Hellas financial ratios help investors to determine whether Iktinos 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 Iktinos with respect to the benefits of owning Iktinos Hellas security.