I Cable Communications Limited Stock Market Value
| ICABF Stock | USD 0 0.00 0.00% |
| Symbol | ICABF |
I CABLE '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 I CABLE'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 I CABLE.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in I CABLE on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding i CABLE Communications Limited or generate 0.0% return on investment in I CABLE over 720 days. i-CABLE Communications Limited, an investment holding company, provides integrated communications services in Hong Kong More
I CABLE 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 I CABLE'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 i CABLE Communications Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 42.86 |
I CABLE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I CABLE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I CABLE's standard deviation. In reality, there are many statistical measures that can use I CABLE historical prices to predict the future I CABLE's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.1883 | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (4.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of I CABLE'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.
i CABLE Communications Backtested Returns
I CABLE appears to be out of control, given 3 months investment horizon. i CABLE Communications retains Efficiency (Sharpe Ratio) of 0.031, which attests that the company had a 0.031% return per unit of return volatility over the last 3 months. We have found seventeen technical indicators for I CABLE, which you can use to evaluate the volatility of the entity. Please utilize I CABLE's Standard Deviation of 6.49, information ratio of 0.0163, and Market Risk Adjusted Performance of (4.18) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, I CABLE holds a performance score of 2. The firm owns a Beta (Systematic Risk) of -0.0441, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning I CABLE are expected to decrease at a much lower rate. During the bear market, I CABLE is likely to outperform the market. Please check I CABLE's jensen alpha, rate of daily change, and the relationship between the variance and skewness , to make a quick decision on whether I CABLE's current price history will revert.
Auto-correlation | 0.11 |
Insignificant predictability
i CABLE Communications Limited has insignificant predictability. Overlapping area represents the amount of predictability between I CABLE time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th 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 i CABLE Communications price movement. The serial correlation of 0.11 indicates that less than 11.0% of current I CABLE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
i CABLE Communications lagged returns against current returns
Autocorrelation, which is I CABLE 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 I CABLE's pink sheet expected returns. We can calculate the autocorrelation of I CABLE returns to help us make a trade decision. For example, suppose you find that I CABLE 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 |
I CABLE 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 I CABLE pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I CABLE pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I CABLE pink sheet over time.
Current vs Lagged Prices |
| Timeline |
I CABLE Lagged Returns
When evaluating I CABLE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I CABLE pink sheet have on its future price. I CABLE 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, I CABLE autocorrelation shows the relationship between I CABLE pink sheet current value and its past values and can show if there is a momentum factor associated with investing in i CABLE Communications Limited.
Regressed Prices |
| Timeline |
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Complementary Tools for ICABF Pink Sheet analysis
When running I CABLE's price analysis, check to measure I CABLE'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 I CABLE is operating at the current time. Most of I CABLE's value examination focuses on studying past and present price action to predict the probability of I CABLE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move I CABLE's price. Additionally, you may evaluate how the addition of I CABLE to your portfolios can decrease your overall portfolio volatility.
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I CABLE technical pink sheet 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, pink sheet market cycles, or different charting patterns.