Indra A (Spain) Market Value
| IDR Stock | EUR 21.52 0.14 0.65% |
| Symbol | Indra |
Indra A '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 Indra A'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 Indra A.
| 03/08/2024 |
| 06/06/2024 |
If you would invest 0.00 in Indra A on March 8, 2024 and sell it all today you would earn a total of 0.00 from holding Indra A or generate 0.0% return on investment in Indra A over 90 days. Indra A is related to or competes with Acerinox, Ferrovial, ACS Actividades, Acciona, and Mapfre. Indra Sistemas, S.A. operates as a technology and consulting company worldwide More
Indra A 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 Indra A'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 Indra A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.187 | |||
| Maximum Drawdown | 10.66 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 2.24 |
Indra A Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indra A's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indra A's standard deviation. In reality, there are many statistical measures that can use Indra A historical prices to predict the future Indra A's volatility.| Risk Adjusted Performance | 0.1347 | |||
| Jensen Alpha | 0.2948 | |||
| Total Risk Alpha | 0.2574 | |||
| Sortino Ratio | 0.2521 | |||
| Treynor Ratio | 1.49 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indra A'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.
Indra A Backtested Returns
Indra A appears to be very steady, given 3 months investment horizon. Indra A holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Indra A, which you can use to evaluate the volatility of the firm. Please utilize Indra A's Risk Adjusted Performance of 0.1347, downside deviation of 1.12, and Market Risk Adjusted Performance of 1.5 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indra A holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indra A's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indra A is expected to be smaller as well. Please check Indra A's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Indra A's current trending patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Indra A has very weak reverse predictability. Overlapping area represents the amount of predictability between Indra A time series from 8th of March 2024 to 22nd of April 2024 and 22nd of April 2024 to 6th of June 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 Indra A price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Indra A price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
Indra A lagged returns against current returns
Autocorrelation, which is Indra A 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 Indra A's stock expected returns. We can calculate the autocorrelation of Indra A returns to help us make a trade decision. For example, suppose you find that Indra A 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 |
Indra A 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 Indra A stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indra A stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indra A stock over time.
Current vs Lagged Prices |
| Timeline |
Indra A Lagged Returns
When evaluating Indra A's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indra A stock have on its future price. Indra A 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, Indra A autocorrelation shows the relationship between Indra A stock current value and its past values and can show if there is a momentum factor associated with investing in Indra A.
Regressed Prices |
| Timeline |
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Other Information on Investing in Indra Stock
Indra A financial ratios help investors to determine whether Indra 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 Indra with respect to the benefits of owning Indra A security.