Almogim Holdings (Israel) Market Value
| ALMA Stock | ILA 1,108 12.00 1.09% |
| Symbol | Almogim |
Almogim Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Almogim Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Almogim Holdings.
| 10/02/2023 |
| 12/25/2024 |
If you would invest 0.00 in Almogim Holdings on October 2, 2023 and sell it all today you would earn a total of 0.00 from holding Almogim Holdings or generate 0.0% return on investment in Almogim Holdings over 450 days. Almogim Holdings is related to or competes with Migdal Insurance, Imed Infinity, Sofwave Medical, Suny Cellular, One Software, Magic Software, and Computer Direct. Almogim Holdings Ltd., together with its subsidiaries, develops and sells real estate properties in Israel and internati... More
Almogim Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Almogim Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Almogim Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.3647 | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 3.76 |
Almogim Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almogim Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almogim Holdings' standard deviation. In reality, there are many statistical measures that can use Almogim Holdings historical prices to predict the future Almogim Holdings' volatility.| Risk Adjusted Performance | 0.3164 | |||
| Jensen Alpha | 0.7197 | |||
| Total Risk Alpha | 0.6343 | |||
| Sortino Ratio | 0.4381 | |||
| Treynor Ratio | (5.66) |
Almogim Holdings Backtested Returns
Almogim Holdings appears to be very steady, given 3 months investment horizon. Almogim Holdings secures Sharpe Ratio (or Efficiency) of 0.43, which signifies that the company had a 0.43% return per unit of risk over the last 3 months. By analyzing Almogim Holdings' technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of Almogim Holdings' Mean Deviation of 1.3, risk adjusted performance of 0.3164, and Downside Deviation of 1.55 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Almogim Holdings holds a performance score of 33. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Almogim Holdings are expected to decrease at a much lower rate. During the bear market, Almogim Holdings is likely to outperform the market. Please check Almogim Holdings' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Almogim Holdings' price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Almogim Holdings has good predictability. Overlapping area represents the amount of predictability between Almogim Holdings time series from 2nd of October 2023 to 14th of May 2024 and 14th of May 2024 to 25th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Almogim Holdings price movement. The serial correlation of 0.79 indicates that around 79.0% of current Almogim Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 19.3 K |
Almogim Holdings lagged returns against current returns
Autocorrelation, which is Almogim Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Almogim Holdings' stock expected returns. We can calculate the autocorrelation of Almogim Holdings returns to help us make a trade decision. For example, suppose you find that Almogim Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Almogim Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Almogim Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almogim Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almogim Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Almogim Holdings Lagged Returns
When evaluating Almogim Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almogim Holdings stock have on its future price. Almogim Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Almogim Holdings autocorrelation shows the relationship between Almogim Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Almogim Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Almogim Stock
Almogim Holdings financial ratios help investors to determine whether Almogim Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Almogim with respect to the benefits of owning Almogim Holdings security.