Iceland Changes In Inventories

Iceland · Quarterly series · EC-IS-IC

Latest, Q2 2026

-15.45B ISK

-32.08B ISK from Q1 2026

Open interactive chartIceland Changes In Inventories in the app

41.85B9.405B-23.04BQ1 1997Q2 2027
History through Q2 2026, the forecast path to Q2 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for Q2 2027: -12.48B ISK, with an 80% interval of -23.04B ISK to 9.48B ISK.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
Q3 202612.09B ISK-6.01B ISK34.83B ISK
Q4 2026-11.31B ISK-20.39B ISK5.99B ISK
Q1 202711.09B ISK-13.44B ISK41.85B ISK
Q2 2027-12.48B ISK-23.04B ISK9.48B ISK

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-15.

AI confidence

Supported evidence

The point forecast beat the no-change baseline overall and in a majority of the evaluated tests.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+34%Beats the no-change baseline over 8 tests (8 tests, 7 won)
Direction
75%No clear edge over a coin flip (24 of 32 calls right in 8 tests)
Turning points
22 of 22Anticipated most turns (22 turns in 8 tests, 0 without a turn)
Error vs baseline
34% lowerError ratio 0.66; 1.00 is a tie.
Tests won
7 / 8Complete rolling backtests; ties count as no win.
Test period
2018-09-01 to 2026-06-014 observations ahead per test.
80% band coverage
81%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.

Reading

It is above 10% of the 39 earlier readings since Q3 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
Q2 2026-15.45B ISK
Q1 202616.63B ISK
Q4 2025-15.86B ISK
Q3 202521.09B ISK
Q2 2025-10.94B ISK
Q1 20251.41B ISK
Q4 2024-15.92B ISK
Q3 20245.23B ISK
Q2 2024-11.69B ISK
Q1 20243.31B ISK
Q4 2023-4.65B ISK
Q3 202313.53B ISK
Q2 2023-17.48B ISK
Q1 202338.51B ISK
Q4 2022-7.92B ISK
Q3 202217.47B ISK
Q2 2022-18.89B ISK
Q1 202219.00B ISK
Q4 2021-3.42B ISK
Q3 20219.98B ISK
Q2 2021-7.45B ISK
Q1 20215.54B ISK
Q4 2020-10.01B ISK
Q3 202016.71B ISK

Source

Data: public market data feeds.

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