Ita CorpBanca Backtesting

    Ita CorpBanca -- USA Stock  

    USD 14.58  0.06  0.41%

    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
     Time Horizon     30 Days    Login   to change
    SymbolX
    Backtest

    Ita CorpBanca 'What if' Analysis

    December 24, 2017
    0.00
    No Change 0.00  0.0%
    In 31 days
    January 23, 2018
    0.00
    If you would invest  0.00  in Ita CorpBanca on December 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 ICBC, Vedanta Limited, Apple, Alphabet, and Hero MotoCorp. 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

    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.
    Advice Volatility Trend Exposure Correlations
    15 days auto-correlation 0.71 

    Good predictability

    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

     Regressed Prices 
          Timeline 

    Ita CorpBanca Performance vs DOW

    The median price of Ita CorpBanca for the period between Sun, Dec 24, 2017 and Tue, Jan 23, 2018 is 13.89 with a coefficient of variation of 4.24. The daily time series for the period is distributed with a sample standard deviation of 0.59, arithmetic mean of 13.92, and mean deviation of 0.5. The Stock received some media coverage during the period.
    Price Growth (%)  
          Timeline 
    1
    Is Ita Corpbanca a Buy The Stock Reported Less Sellers01/22/2018