Intertek Group Plc Stock Market Value
| IKTSY Stock | USD 65.21 1.18 1.84% |
| Symbol | Intertek |
Intertek Group '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 Intertek Group's pink sheet 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 Intertek Group.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Intertek Group on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Intertek Group Plc or generate 0.0% return on investment in Intertek Group over 90 days. Intertek Group is related to or competes with Dexterra, DATA Communications, and Mitie Group. Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, ... More
Intertek Group 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 Intertek Group's pink sheet 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 Intertek Group Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0927 | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.09 |
Intertek Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intertek Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intertek Group's standard deviation. In reality, there are many statistical measures that can use Intertek Group historical prices to predict the future Intertek Group's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | 0.0382 | |||
| Total Risk Alpha | 0.3489 | |||
| Sortino Ratio | 0.0839 | |||
| Treynor Ratio | 0.7345 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Intertek Group'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.
Intertek Group Plc Backtested Returns
At this stage we consider Intertek Pink Sheet to be very steady. Intertek Group Plc holds Efficiency (Sharpe) Ratio of 0.0709, which attests that the entity had a 0.0709 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Intertek Group Plc, which you can use to evaluate the volatility of the firm. Please check out Intertek Group's Downside Deviation of 2.08, risk adjusted performance of 0.0244, and Market Risk Adjusted Performance of 0.7445 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Intertek Group has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0436, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intertek Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intertek Group is expected to be smaller as well. Intertek Group Plc right now retains a risk of 1.88%. Please check out Intertek Group skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Intertek Group will be following its current trending patterns.
Auto-correlation | 0.25 |
Poor predictability
Intertek Group Plc has poor predictability. Overlapping area represents the amount of predictability between Intertek Group time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Intertek Group Plc price movement. The serial correlation of 0.25 indicates that over 25.0% of current Intertek Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 4.91 |
Intertek Group Plc lagged returns against current returns
Autocorrelation, which is Intertek Group pink sheet'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 Intertek Group's pink sheet expected returns. We can calculate the autocorrelation of Intertek Group returns to help us make a trade decision. For example, suppose you find that Intertek Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Intertek Group 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 Intertek Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intertek Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intertek Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Intertek Group Lagged Returns
When evaluating Intertek Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intertek Group pink sheet have on its future price. Intertek Group 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, Intertek Group autocorrelation shows the relationship between Intertek Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Intertek Group Plc.
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.Additional Tools for Intertek Pink Sheet Analysis
When running Intertek Group's price analysis, check to measure Intertek Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Intertek Group is operating at the current time. Most of Intertek Group's value examination focuses on studying past and present price action to predict the probability of Intertek Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Intertek Group's price. Additionally, you may evaluate how the addition of Intertek Group to your portfolios can decrease your overall portfolio volatility.