Inchcape Plc (Germany) Market Value
| IJCA Stock | EUR 9.44 0.11 1.15% |
| Symbol | Inchcape |
Inchcape Plc '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 Inchcape Plc'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 Inchcape Plc.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Inchcape Plc on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Inchcape plc or generate 0.0% return on investment in Inchcape Plc over 30 days. Inchcape Plc is related to or competes with MSAD INSURANCE, Sekisui Chemical, KINGBOARD CHEMICAL, Zurich Insurance, INSURANCE AUST, NISSAN CHEMICAL, and Insurance Australia. Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors More
Inchcape Plc 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 Inchcape Plc'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 Inchcape plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 1.97 |
Inchcape Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inchcape Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inchcape Plc's standard deviation. In reality, there are many statistical measures that can use Inchcape Plc historical prices to predict the future Inchcape Plc's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.04) |
Inchcape plc Backtested Returns
Inchcape plc holds Efficiency (Sharpe) Ratio of -0.0166, which attests that the entity had a -0.0166% return per unit of risk over the last 3 months. Inchcape plc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inchcape Plc's insignificant Risk Adjusted Performance, market risk adjusted performance of (0.03), and Standard Deviation of 1.66 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inchcape Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inchcape Plc is expected to be smaller as well. At this point, Inchcape plc has a negative expected return of -0.0278%. Please make sure to check out Inchcape Plc's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Inchcape plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Inchcape plc has insignificant predictability. Overlapping area represents the amount of predictability between Inchcape Plc time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Inchcape plc price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Inchcape Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Inchcape plc lagged returns against current returns
Autocorrelation, which is Inchcape Plc 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 Inchcape Plc's stock expected returns. We can calculate the autocorrelation of Inchcape Plc returns to help us make a trade decision. For example, suppose you find that Inchcape Plc 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 |
Inchcape Plc 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 Inchcape Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inchcape Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inchcape Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Inchcape Plc Lagged Returns
When evaluating Inchcape Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inchcape Plc stock have on its future price. Inchcape Plc 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, Inchcape Plc autocorrelation shows the relationship between Inchcape Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Inchcape plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Inchcape Stock
Inchcape Plc financial ratios help investors to determine whether Inchcape 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 Inchcape with respect to the benefits of owning Inchcape Plc security.