Incitec Pivot Ltd Stock Market Value
| INCZY Stock | USD 1.98 0.05 2.59% |
| Symbol | Incitec |
Incitec Pivot '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 Incitec Pivot'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 Incitec Pivot.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Incitec Pivot on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Incitec Pivot Ltd or generate 0.0% return on investment in Incitec Pivot over 180 days. Incitec Pivot is related to or competes with Chemours, International Flavors, Air Products, PPG Industries, Linde Plc, Albemarle Corp, and Dupont De. Incitec Pivot Limited manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Austr... More
Incitec Pivot 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 Incitec Pivot'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 Incitec Pivot Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.45 | |||
| Value At Risk | (7.44) | |||
| Potential Upside | 8.67 |
Incitec Pivot Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Incitec Pivot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Incitec Pivot's standard deviation. In reality, there are many statistical measures that can use Incitec Pivot historical prices to predict the future Incitec Pivot's volatility.| Risk Adjusted Performance | (0.0008) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.0766 |
Incitec Pivot Backtested Returns
Incitec Pivot holds Efficiency (Sharpe) Ratio of -0.0122, which attests that the entity had a -0.0122% return per unit of risk over the last 3 months. Incitec Pivot exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Incitec Pivot's Market Risk Adjusted Performance of 0.0866, standard deviation of 4.17, and Risk Adjusted Performance of (0.0008) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Incitec Pivot are expected to decrease at a much lower rate. During the bear market, Incitec Pivot is likely to outperform the market. At this point, Incitec Pivot has a negative expected return of -0.0509%. Please make sure to check out Incitec Pivot's market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and daily balance of power , to decide if Incitec Pivot performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Incitec Pivot Ltd has poor reverse predictability. Overlapping area represents the amount of predictability between Incitec Pivot time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Incitec Pivot price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Incitec Pivot price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Incitec Pivot lagged returns against current returns
Autocorrelation, which is Incitec Pivot 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 Incitec Pivot's pink sheet expected returns. We can calculate the autocorrelation of Incitec Pivot returns to help us make a trade decision. For example, suppose you find that Incitec Pivot 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 |
Incitec Pivot 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 Incitec Pivot pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Incitec Pivot pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Incitec Pivot pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Incitec Pivot Lagged Returns
When evaluating Incitec Pivot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Incitec Pivot pink sheet have on its future price. Incitec Pivot 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, Incitec Pivot autocorrelation shows the relationship between Incitec Pivot pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Incitec Pivot Ltd.
Regressed Prices |
| Timeline |
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When running Incitec Pivot's price analysis, check to measure Incitec Pivot'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 Incitec Pivot is operating at the current time. Most of Incitec Pivot's value examination focuses on studying past and present price action to predict the probability of Incitec Pivot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Incitec Pivot's price. Additionally, you may evaluate how the addition of Incitec Pivot to your portfolios can decrease your overall portfolio volatility.