Skel Fjrfestingaflag (Iceland) Market Value
| SKEL Stock | ISK 17.80 0.10 0.56% |
| Symbol | Skel |
Skel Fjrfestingaflag '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 Skel Fjrfestingaflag'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 Skel Fjrfestingaflag.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Skel Fjrfestingaflag on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Skel fjrfestingaflag hf or generate 0.0% return on investment in Skel Fjrfestingaflag over 90 days. Skel Fjrfestingaflag is related to or competes with Alvotech, Eimskipaflag Slands, Sminn Hf, and Festi Hf. Skeljungur hf., together with its subsidiaries, imports, distributes, and sells oil, lubricants, chemical products, and ... More
Skel Fjrfestingaflag 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 Skel Fjrfestingaflag'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 Skel fjrfestingaflag hf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0888 | |||
| Maximum Drawdown | 12.41 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.13 |
Skel Fjrfestingaflag Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skel Fjrfestingaflag's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skel Fjrfestingaflag's standard deviation. In reality, there are many statistical measures that can use Skel Fjrfestingaflag historical prices to predict the future Skel Fjrfestingaflag's volatility.| Risk Adjusted Performance | 0.034 | |||
| Jensen Alpha | 0.0946 | |||
| Total Risk Alpha | 0.272 | |||
| Sortino Ratio | 0.072 | |||
| Treynor Ratio | 0.1174 |
Skel fjrfestingaflag Backtested Returns
Skel fjrfestingaflag owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0484, which indicates the firm had a -0.0484 % return per unit of risk over the last 3 months. Skel fjrfestingaflag hf exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skel Fjrfestingaflag's Coefficient Of Variation of 3013.56, semi deviation of 1.72, and Risk Adjusted Performance of 0.034 to confirm the risk estimate we provide. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Skel Fjrfestingaflag's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skel Fjrfestingaflag is expected to be smaller as well. At this point, Skel fjrfestingaflag has a negative expected return of -0.0846%. Please make sure to validate Skel Fjrfestingaflag's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Skel fjrfestingaflag performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Skel fjrfestingaflag hf has very good reverse predictability. Overlapping area represents the amount of predictability between Skel Fjrfestingaflag 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 Skel fjrfestingaflag price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Skel Fjrfestingaflag price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Skel fjrfestingaflag lagged returns against current returns
Autocorrelation, which is Skel Fjrfestingaflag 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 Skel Fjrfestingaflag's stock expected returns. We can calculate the autocorrelation of Skel Fjrfestingaflag returns to help us make a trade decision. For example, suppose you find that Skel Fjrfestingaflag 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 |
Skel Fjrfestingaflag 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 Skel Fjrfestingaflag stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skel Fjrfestingaflag stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skel Fjrfestingaflag stock over time.
Current vs Lagged Prices |
| Timeline |
Skel Fjrfestingaflag Lagged Returns
When evaluating Skel Fjrfestingaflag's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skel Fjrfestingaflag stock have on its future price. Skel Fjrfestingaflag 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, Skel Fjrfestingaflag autocorrelation shows the relationship between Skel Fjrfestingaflag stock current value and its past values and can show if there is a momentum factor associated with investing in Skel fjrfestingaflag 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 Skel Stock
Skel Fjrfestingaflag financial ratios help investors to determine whether Skel 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 Skel with respect to the benefits of owning Skel Fjrfestingaflag security.