Icelandic Salmon (Iceland) Market Value
| ISLAX Stock | 1,320 10.00 0.75% |
| Symbol | Icelandic |
Icelandic Salmon '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 Icelandic Salmon'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 Icelandic Salmon.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Icelandic Salmon on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Icelandic Salmon AS or generate 0.0% return on investment in Icelandic Salmon over 90 days.
Icelandic Salmon 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 Icelandic Salmon'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 Icelandic Salmon AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (3.38) |
Icelandic Salmon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icelandic Salmon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icelandic Salmon's standard deviation. In reality, there are many statistical measures that can use Icelandic Salmon historical prices to predict the future Icelandic Salmon's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (6.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icelandic Salmon'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.
Icelandic Salmon Backtested Returns
Icelandic Salmon holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13 % return per unit of risk over the last 3 months. Icelandic Salmon exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icelandic Salmon's Standard Deviation of 1.31, market risk adjusted performance of (6.17), and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0332, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Icelandic Salmon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Icelandic Salmon is expected to be smaller as well. At this point, Icelandic Salmon has a negative expected return of -0.18%. Please make sure to check out Icelandic Salmon's jensen alpha, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Icelandic Salmon performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Icelandic Salmon AS has very weak predictability. Overlapping area represents the amount of predictability between Icelandic Salmon time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Icelandic Salmon price movement. The serial correlation of 0.19 indicates that over 19.0% of current Icelandic Salmon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 3576.46 |
Icelandic Salmon lagged returns against current returns
Autocorrelation, which is Icelandic Salmon 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 Icelandic Salmon's stock expected returns. We can calculate the autocorrelation of Icelandic Salmon returns to help us make a trade decision. For example, suppose you find that Icelandic Salmon 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 |
Icelandic Salmon 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 Icelandic Salmon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icelandic Salmon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icelandic Salmon stock over time.
Current vs Lagged Prices |
| Timeline |
Icelandic Salmon Lagged Returns
When evaluating Icelandic Salmon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icelandic Salmon stock have on its future price. Icelandic Salmon 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, Icelandic Salmon autocorrelation shows the relationship between Icelandic Salmon stock current value and its past values and can show if there is a momentum factor associated with investing in Icelandic Salmon AS.
Regressed Prices |
| Timeline |