Itera ASA (Norway) Market Value
| ITERA Stock | NOK 8.96 0.18 1.97% |
| Symbol | Itera |
Itera ASA '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 Itera ASA'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 Itera ASA.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Itera ASA on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Itera ASA or generate 0.0% return on investment in Itera ASA over 90 days. Itera ASA is related to or competes with Dolphin Drilling, Proximar Seafood, Lery Seafood, 5Th Planet, Grieg Seafood, Cloudberry Clean, and Odfjell Drilling. Itera ASA, together with its subsidiaries, designs, develops, and operates digital solutions for companies and organizat... More
Itera ASA 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 Itera ASA'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 Itera ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (5.47) | |||
| Potential Upside | 5.36 |
Itera ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Itera ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Itera ASA's standard deviation. In reality, there are many statistical measures that can use Itera ASA historical prices to predict the future Itera ASA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 1.8 |
Itera ASA Backtested Returns
Itera ASA holds Efficiency (Sharpe) Ratio of -0.0533, which attests that the entity had a -0.0533% return per unit of risk over the last 3 months. Itera ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Itera ASA's Market Risk Adjusted Performance of 1.81, risk adjusted performance of (0.03), and Standard Deviation of 3.06 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0871, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Itera ASA are expected to decrease at a much lower rate. During the bear market, Itera ASA is likely to outperform the market. At this point, Itera ASA has a negative expected return of -0.16%. Please make sure to check out Itera ASA's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Itera ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Itera ASA has modest reverse predictability. Overlapping area represents the amount of predictability between Itera ASA time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Itera ASA price movement. The serial correlation of -0.46 indicates that about 46.0% of current Itera ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Itera ASA lagged returns against current returns
Autocorrelation, which is Itera ASA 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 Itera ASA's stock expected returns. We can calculate the autocorrelation of Itera ASA returns to help us make a trade decision. For example, suppose you find that Itera ASA 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 |
Itera ASA 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 Itera ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Itera ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Itera ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Itera ASA Lagged Returns
When evaluating Itera ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Itera ASA stock have on its future price. Itera ASA 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, Itera ASA autocorrelation shows the relationship between Itera ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Itera ASA.
Regressed Prices |
| Timeline |
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Itera ASA financial ratios help investors to determine whether Itera 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 Itera with respect to the benefits of owning Itera ASA security.