International Consolidated Airlines Stock Market Value
| ICAGY Stock | USD 4.37 0.05 1.16% |
| Symbol | International |
International Consolidated '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 International Consolidated'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 International Consolidated.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in International Consolidated on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding International Consolidated Airlines or generate 0.0% return on investment in International Consolidated over 660 days. International Consolidated is related to or competes with Vertical Aerospace, Embraer SA, Rocket Lab, Transdigm Group, L3Harris Technologies, Huntington Ingalls, and AeroVironment. International Consolidated Airlines Group, S.A., together with its subsidiaries, engages in the provision of passenger a... More
International Consolidated 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 International Consolidated'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 International Consolidated Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0886 | |||
| Maximum Drawdown | 12.66 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.03 |
International Consolidated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Consolidated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Consolidated's standard deviation. In reality, there are many statistical measures that can use International Consolidated historical prices to predict the future International Consolidated's volatility.| Risk Adjusted Performance | 0.0892 | |||
| Jensen Alpha | 0.139 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1015 | |||
| Treynor Ratio | 0.168 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Consolidated'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.
International Consolidated Backtested Returns
We consider International Consolidated slightly risky. International Consolidated holds Efficiency (Sharpe) Ratio of 0.0864, which attests that the entity had a 0.0864% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Consolidated, which you can use to evaluate the volatility of the firm. Please check out International Consolidated's Risk Adjusted Performance of 0.0892, market risk adjusted performance of 0.178, and Downside Deviation of 1.94 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. International Consolidated has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.68, 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, International Consolidated will likely underperform. International Consolidated right now retains a risk of 2.2%. Please check out International Consolidated potential upside, as well as the relationship between the kurtosis and day typical price , to decide if International Consolidated will be following its current trending patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
International Consolidated Airlines has very weak reverse predictability. Overlapping area represents the amount of predictability between International Consolidated time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 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 International Consolidated price movement. The serial correlation of -0.06 indicates that barely 6.0% of current International Consolidated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
International Consolidated lagged returns against current returns
Autocorrelation, which is International Consolidated 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 International Consolidated's pink sheet expected returns. We can calculate the autocorrelation of International Consolidated returns to help us make a trade decision. For example, suppose you find that International Consolidated 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 |
International Consolidated 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 International Consolidated pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Consolidated pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Consolidated pink sheet over time.
Current vs Lagged Prices |
| Timeline |
International Consolidated Lagged Returns
When evaluating International Consolidated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Consolidated pink sheet have on its future price. International Consolidated 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, International Consolidated autocorrelation shows the relationship between International Consolidated pink sheet current value and its past values and can show if there is a momentum factor associated with investing in International Consolidated Airlines.
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 International Consolidated 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, International Consolidated's short interest history, or implied volatility extrapolated from International Consolidated options trading.
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Try AI Portfolio ArchitectCheck out International Consolidated Correlation, International Consolidated Volatility and International Consolidated Alpha and Beta module to complement your research on International Consolidated. Note that the International Consolidated information on this page should be used as a complementary analysis to other International Consolidated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for International Pink Sheet analysis
When running International Consolidated's price analysis, check to measure International Consolidated'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 International Consolidated is operating at the current time. Most of International Consolidated's value examination focuses on studying past and present price action to predict the probability of International Consolidated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Consolidated's price. Additionally, you may evaluate how the addition of International Consolidated to your portfolios can decrease your overall portfolio volatility.
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International Consolidated 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.