Ita CorpBanca Backtesting

Ita CorpBanca -- USA Stock  

USD 14.01  0.22  1.55%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Ita CorpBanca and determine expected loss or profit from investing in Ita CorpBanca over given investment horizon. Please also check Ita CorpBanca Hype Analysis, Ita CorpBanca Correlation, Ita CorpBanca Valuation, Ita CorpBanca Volatility as well as analyze Ita CorpBanca Alpha and Beta and Ita CorpBanca Performance
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

Ita CorpBanca 'What if' Analysis

September 24, 2017
0.00
No Change 0.00  0.0%
In 30 days
October 24, 2017
0.00
If you would invest  0.00  in Ita CorpBanca on September 24, 2017 and sell it all today you would earn a total of 0.00 from holding Ita CorpBanca or generate 0.0% return on investment in Ita CorpBanca over 30 days. Ita CorpBanca is related to or competes with Banco de, ICBC, CHINA LIFE, and Megaworld. It operates through Retail Wholesale Global Corporationrate Banking Treasury and Financial Institutions and Others segme...

Ita CorpBanca Upside/Downside Indicators

  

Ita CorpBanca Market Premium Indicators

Ita CorpBanca lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Ita CorpBanca regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Ita CorpBanca Backtested Returns

We consider Ita CorpBanca not very risky. Ita CorpBanca holds Efficiency (Sharpe) Ratio of 0.0755 which attests that Ita CorpBanca had 0.0755% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Ita CorpBanca which you can use to evaluate future volatility of the corporation. Please check out Ita CorpBanca Market Risk Adjusted Performance of (0.16) and Risk Adjusted Performance of (0.001581) to validate if risk estimate we provide are consistent with the epected return of 0.1123%. Ita CorpBanca has performance score of 4 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.4353 which attests that as returns on market increase, Ita CorpBanca returns are expected to increase less than the market. However during bear market, the loss on holding Ita CorpBanca will be expected to be smaller as well.. Although it is extremely important to respect Ita CorpBanca current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Ita CorpBanca technical indicators you can presently evaluate if the expected return of 0.1123% will be sustainable into the future. Ita CorpBanca right now retains a risk of 1.4882%. Please check out Ita CorpBanca Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if Ita CorpBanca will be following its current trending patternss.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.78) 

Almost perfect reverse predictability

Ita CorpBanca has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ita CorpBanca time series from September 24, 2017 to October 9, 2017 and October 9, 2017 to October 24, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ita CorpBanca price movement. The serial correlation of -0.78 indicates that around 78.0% of current Ita CorpBanca price fluctuation can be explain by its past prices. Given that Ita CorpBanca has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Ita CorpBanca for similar time interval.
Correlation Coefficient -0.78
Spearman Rank Test -0.67
Price Variance 0.03
Lagged Price Variance 0.1

Ita CorpBanca Lagged Returns

 Regressed Prices 
      Timeline 

Ita CorpBanca Performance vs DOW

The median price of Ita CorpBanca for the period between Sun, Sep 24, 2017 and Tue, Oct 24, 2017 is 14.23 with a coefficient of variation of 1.79. The daily time series for the period is distributed with a sample standard deviation of 0.25, arithmetic mean of 14.16, and mean deviation of 0.21. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
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