Itv Plc Adr Stock Market Value
| ITVPY Stock | USD 9.13 0.02 0.22% |
| Symbol | ITV |
ITV PLC '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 ITV PLC'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 ITV PLC.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in ITV PLC on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding ITV PLC ADR or generate 0.0% return on investment in ITV PLC over 30 days. ITV PLC is related to or competes with ProSiebenSat1 Media, RTL Group, IHeartMedia, ITV Plc, RTL Group, and Aferian Plc. ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide More
ITV PLC 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 ITV PLC'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 ITV PLC ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.108 | |||
| Maximum Drawdown | 19.29 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.42 |
ITV PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITV PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITV PLC's standard deviation. In reality, there are many statistical measures that can use ITV PLC historical prices to predict the future ITV PLC's volatility.| Risk Adjusted Performance | 0.0941 | |||
| Jensen Alpha | 0.2792 | |||
| Total Risk Alpha | 0.0641 | |||
| Sortino Ratio | 0.1865 | |||
| Treynor Ratio | 0.291 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ITV PLC'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.
ITV PLC ADR Backtested Returns
ITV PLC appears to be somewhat reliable, given 3 months investment horizon. ITV PLC ADR holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ITV PLC ADR, which you can use to evaluate the volatility of the firm. Please utilize ITV PLC's risk adjusted performance of 0.0941, and Market Risk Adjusted Performance of 0.301 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ITV PLC holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 1.26, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ITV PLC will likely underperform. Please check ITV PLC's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether ITV PLC's current trending patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
ITV PLC ADR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ITV PLC time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 ITV PLC ADR price movement. The serial correlation of -0.78 indicates that around 78.0% of current ITV PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
ITV PLC ADR lagged returns against current returns
Autocorrelation, which is ITV PLC 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 ITV PLC's pink sheet expected returns. We can calculate the autocorrelation of ITV PLC returns to help us make a trade decision. For example, suppose you find that ITV PLC 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 |
ITV PLC 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 ITV PLC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITV PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITV PLC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ITV PLC Lagged Returns
When evaluating ITV PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITV PLC pink sheet have on its future price. ITV PLC 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, ITV PLC autocorrelation shows the relationship between ITV PLC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ITV PLC ADR.
Regressed Prices |
| Timeline |
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Complementary Tools for ITV Pink Sheet analysis
When running ITV PLC's price analysis, check to measure ITV PLC'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 ITV PLC is operating at the current time. Most of ITV PLC's value examination focuses on studying past and present price action to predict the probability of ITV PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITV PLC's price. Additionally, you may evaluate how the addition of ITV PLC to your portfolios can decrease your overall portfolio volatility.
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ITV PLC 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.