Industria (Spain) Market Value
| ITX Stock | EUR 46.03 1.38 3.09% |
| Symbol | Industria |
Industria '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 Industria'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 Industria.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Industria on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Industria de Diseno or generate 0.0% return on investment in Industria over 30 days. Industria is related to or competes with Iberdrola, Repsol, Banco Santander, ACS Actividades, and Enags SA. Industria de Diseo Textil, S.A. engages in the retail and online distribution of clothing, footwear, accessories, and ho... More
Industria 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 Industria'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 Industria de Diseno upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0977 | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 2.03 |
Industria Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industria's standard deviation. In reality, there are many statistical measures that can use Industria historical prices to predict the future Industria's volatility.| Risk Adjusted Performance | 0.1041 | |||
| Jensen Alpha | 0.2024 | |||
| Total Risk Alpha | 0.0347 | |||
| Sortino Ratio | 0.1185 | |||
| Treynor Ratio | 1.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Industria'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.
Industria de Diseno Backtested Returns
Industria appears to be very steady, given 3 months investment horizon. Industria de Diseno holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Industria de Diseno, which you can use to evaluate the volatility of the firm. Please utilize Industria's Downside Deviation of 1.19, risk adjusted performance of 0.1041, and Market Risk Adjusted Performance of 1.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Industria holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Industria's returns are expected to increase less than the market. However, during the bear market, the loss of holding Industria is expected to be smaller as well. Please check Industria's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Industria's current trending patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Industria de Diseno has very good reverse predictability. Overlapping area represents the amount of predictability between Industria time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Industria de Diseno price movement. The serial correlation of -0.68 indicates that around 68.0% of current Industria price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Industria de Diseno lagged returns against current returns
Autocorrelation, which is Industria 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 Industria's stock expected returns. We can calculate the autocorrelation of Industria returns to help us make a trade decision. For example, suppose you find that Industria 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 |
Industria 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 Industria stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industria stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industria stock over time.
Current vs Lagged Prices |
| Timeline |
Industria Lagged Returns
When evaluating Industria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industria stock have on its future price. Industria 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, Industria autocorrelation shows the relationship between Industria stock current value and its past values and can show if there is a momentum factor associated with investing in Industria de Diseno.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Industria in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Industria's short interest history, or implied volatility extrapolated from Industria options trading.
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Try AI Portfolio ArchitectCheck out Industria Correlation, Industria Volatility and Industria Alpha and Beta module to complement your research on Industria. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Industria Stock analysis
When running Industria's price analysis, check to measure Industria'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 Industria is operating at the current time. Most of Industria's value examination focuses on studying past and present price action to predict the probability of Industria's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Industria's price. Additionally, you may evaluate how the addition of Industria to your portfolios can decrease your overall portfolio volatility.
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Industria technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.