Kvika Banki (Iceland) Market Value
| KVIKA Stock | 19.70 0.30 1.50% |
| Symbol | Kvika |
Kvika Banki '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 Kvika Banki'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 Kvika Banki.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Kvika Banki on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Kvika banki hf or generate 0.0% return on investment in Kvika Banki over 90 days. Kvika Banki is related to or competes with Alvotech, Icelandair Group, and Iceland Seafood. More
Kvika Banki 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 Kvika Banki'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 Kvika banki hf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.1064 | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.96 |
Kvika Banki Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kvika Banki's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kvika Banki's standard deviation. In reality, there are many statistical measures that can use Kvika Banki historical prices to predict the future Kvika Banki's volatility.| Risk Adjusted Performance | 0.02 | |||
| Jensen Alpha | 0.0283 | |||
| Total Risk Alpha | 0.1573 | |||
| Sortino Ratio | 0.0896 | |||
| Treynor Ratio | 0.0963 |
Kvika banki hf Backtested Returns
Kvika banki hf has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. Kvika Banki exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kvika Banki's Downside Deviation of 1.37, mean deviation of 0.8875, and Risk Adjusted Performance of 0.02 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kvika Banki's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kvika Banki is expected to be smaller as well. At this point, Kvika banki hf has a negative expected return of -0.0017%. Please make sure to verify Kvika Banki's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Kvika banki hf performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Kvika banki hf has modest reverse predictability. Overlapping area represents the amount of predictability between Kvika Banki time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Kvika banki hf price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Kvika Banki price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Kvika banki hf lagged returns against current returns
Autocorrelation, which is Kvika Banki 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 Kvika Banki's stock expected returns. We can calculate the autocorrelation of Kvika Banki returns to help us make a trade decision. For example, suppose you find that Kvika Banki 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 |
Kvika Banki 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 Kvika Banki stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kvika Banki stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kvika Banki stock over time.
Current vs Lagged Prices |
| Timeline |
Kvika Banki Lagged Returns
When evaluating Kvika Banki's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kvika Banki stock have on its future price. Kvika Banki 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, Kvika Banki autocorrelation shows the relationship between Kvika Banki stock current value and its past values and can show if there is a momentum factor associated with investing in Kvika banki hf.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Kvika Stock
Kvika Banki financial ratios help investors to determine whether Kvika 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 Kvika with respect to the benefits of owning Kvika Banki security.