Ita CorpBanca Backtested Returns
Macroaxis considers Ita CorpBanca not very risky given 1 month investment horizon. Ita CorpBanca
holds Efficiency (Sharpe) Ratio of 0.2961 which attests that Ita CorpBanca
had 0.2961% 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. By evaluating Ita CorpBanca technical indicators
you can presently evaluate if the expected return of 0.5318% is justified by implied risk. Please utilize Ita CorpBanca Downside Deviation
of 1.17, Market Risk Adjusted Performance
of (0.22) and Risk Adjusted Performance of 0.1473 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Ita CorpBanca holds performance score of 19. The company retains Market Volatility (i.e. Beta) of -2.3578 which attests that as returns on market increase, returns on owning Ita CorpBanca are expected to decrease by larger amounts. On the other hand, during market turmoil, Ita CorpBanca is expected to significantly outperform it.. Although it is vital to follow to Ita CorpBanca current price history, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty-one technical indicators for Ita CorpBanca which you can use to evaluate performance of the corporation. Please utilizes Ita CorpBanca Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to make a quick decision on weather Ita CorpBanca current trending patterns will revert.
|15 days auto-correlation|| 0.71 |
Ita CorpBanca has good predictability. Overlapping area represents the amount of predictability between Ita CorpBanca time series from December 24, 2017 to January 8, 2018 and January 8, 2018 to January 23, 2018. 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 0.71 indicates that around 71.0% of current Ita CorpBanca price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.71|
|Spearman Rank Test|| 0.67|
|Price Variance|| 0.08|
|Lagged Price Variance|| 0.07|
Ita CorpBanca Lagged Returns