Itissalat (France) Market Value
| IAM Stock | EUR 7.90 0.05 0.64% |
| Symbol | Itissalat |
Itissalat '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 Itissalat'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 Itissalat.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Itissalat on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Itissalat Al Maghrib or generate 0.0% return on investment in Itissalat over 240 days. Itissalat is related to or competes with Orange SA, Keyrus SA, Bd Multimedia, and Weaccess Group. Itissalat Al-Maghrib S.A., together with its subsidiaries, provides various telecommunication services More
Itissalat 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 Itissalat'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 Itissalat Al Maghrib upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.43 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.84 |
Itissalat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Itissalat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Itissalat's standard deviation. In reality, there are many statistical measures that can use Itissalat historical prices to predict the future Itissalat's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.2422 |
Itissalat Al Maghrib Backtested Returns
Itissalat Al Maghrib holds Efficiency (Sharpe) Ratio of -0.0187, which attests that the entity had a -0.0187% return per unit of risk over the last 3 months. Itissalat Al Maghrib exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Itissalat's Risk Adjusted Performance of (0.01), market risk adjusted performance of 0.2522, and Standard Deviation of 0.8687 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Itissalat are expected to decrease at a much lower rate. During the bear market, Itissalat is likely to outperform the market. At this point, Itissalat Al Maghrib has a negative expected return of -0.0158%. Please make sure to check out Itissalat's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Itissalat Al Maghrib performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Itissalat Al Maghrib has poor reverse predictability. Overlapping area represents the amount of predictability between Itissalat time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Itissalat Al Maghrib price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Itissalat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Itissalat Al Maghrib lagged returns against current returns
Autocorrelation, which is Itissalat 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 Itissalat's stock expected returns. We can calculate the autocorrelation of Itissalat returns to help us make a trade decision. For example, suppose you find that Itissalat 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 |
Itissalat 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 Itissalat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Itissalat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Itissalat stock over time.
Current vs Lagged Prices |
| Timeline |
Itissalat Lagged Returns
When evaluating Itissalat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Itissalat stock have on its future price. Itissalat 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, Itissalat autocorrelation shows the relationship between Itissalat stock current value and its past values and can show if there is a momentum factor associated with investing in Itissalat Al Maghrib.
Regressed Prices |
| Timeline |
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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 Itissalat Stock
Itissalat financial ratios help investors to determine whether Itissalat 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 Itissalat with respect to the benefits of owning Itissalat security.