Ita CorpBanca Backtesting

ITCB -- USA Stock  

USD 15.20  0.49  3.33%

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

July 15, 2018
0.00
No Change 0.00  0.0%
In 30 days
August 14, 2018
0.00
If you would invest  0.00  in Ita CorpBanca on July 15, 2018 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 U S, Apple, Amazon com, Ecopetrol S, Alphabet, Vedanta, and MICROSOFT CP. Ita CorpBanca provides banking products and services to individuals, and large and medium companies

Ita CorpBanca Upside/Downside Indicators

Downside Deviation1.96
Information Ratio0.018967
Maximum Drawdown8.73
Value At Risk2.83
Potential Upside3.28
  

Ita CorpBanca Market Premium Indicators

Risk Adjusted Performance0.0033
Jensen Alpha0.008945
Total Risk Alpha0.05
Sortino Ratio0.020381
Treynor Ratio0.3334

Ita CorpBanca Backtested Returns

Macroaxis considers Ita CorpBanca to be not very risky. Ita CorpBanca holds Efficiency (Sharpe) Ratio of -0.0786 which attests that Ita CorpBanca had -0.0786% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Ita CorpBanca exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Ita CorpBanca Downside Deviation of 1.96, Market Risk Adjusted Performance of 0.3434 and Risk Adjusted Performance of 0.0033 to validate risk estimate we provide. Macroaxis gives Ita CorpBanca performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.0295 which attests that as returns on market increase, returns on owning Ita CorpBanca are expected to decrease at a much smaller rate. During bear market, Ita CorpBanca is likely to outperform the market.. Even though it is essential to pay attention to Ita CorpBanca current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Ita CorpBanca exposes twenty-one different technical indicators which can help you to evaluate its performance. Ita CorpBanca has expected return of -0.1783%. Please be advised to 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 past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.20) 

Insignificant reverse predictability

Ita CorpBanca has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ita CorpBanca time series from July 15, 2018 to July 30, 2018 and July 30, 2018 to August 14, 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 -0.2 indicates that over 20.0% 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 -0.2
Spearman Rank Test 0.06
Price Variance 0.15
Lagged Price Variance 0.05

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 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ITCB

Ita CorpBanca Investor Sentiment
Most of Macroaxis users are currently bullish on Ita CorpBanca. What is your judgment towards investing in Ita CorpBanca? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.