Airtouch Solar (Israel) Market Value
| ARTS Stock | ILA 30.10 1.90 5.94% |
| Symbol | Airtouch |
Airtouch Solar '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 Airtouch Solar's 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 Airtouch Solar.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Airtouch Solar on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Airtouch Solar or generate 0.0% return on investment in Airtouch Solar over 30 days. Airtouch Solar is related to or competes with Magic Software, Netz Hotels, Batm Advanced, Terminal X, Kvasir Education, Rapac Communication, and Abra Information. Airtouch Solar Ltd provides autonomous water-free robotic cleaning solutions for solar panels More
Airtouch Solar 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 Airtouch Solar's 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 Airtouch Solar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 3.12 |
Airtouch Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Airtouch Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Airtouch Solar's standard deviation. In reality, there are many statistical measures that can use Airtouch Solar historical prices to predict the future Airtouch Solar's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | 4.07 |
Airtouch Solar Backtested Returns
Airtouch Solar secures Sharpe Ratio (or Efficiency) of -0.24, which signifies that the company had a -0.24% return per unit of risk over the last 3 months. Airtouch Solar exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Airtouch Solar's Mean Deviation of 2.55, risk adjusted performance of (0.18), and Standard Deviation of 3.73 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Airtouch Solar are expected to decrease at a much lower rate. During the bear market, Airtouch Solar is likely to outperform the market. At this point, Airtouch Solar has a negative expected return of -0.9%. Please make sure to confirm Airtouch Solar's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Airtouch Solar performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Airtouch Solar has insignificant predictability. Overlapping area represents the amount of predictability between Airtouch Solar time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Airtouch Solar price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Airtouch Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 7.33 |
Airtouch Solar lagged returns against current returns
Autocorrelation, which is Airtouch Solar 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 Airtouch Solar's stock expected returns. We can calculate the autocorrelation of Airtouch Solar returns to help us make a trade decision. For example, suppose you find that Airtouch Solar 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 |
Airtouch Solar 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 Airtouch Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Airtouch Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Airtouch Solar stock over time.
Current vs Lagged Prices |
| Timeline |
Airtouch Solar Lagged Returns
When evaluating Airtouch Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Airtouch Solar stock have on its future price. Airtouch Solar 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, Airtouch Solar autocorrelation shows the relationship between Airtouch Solar stock current value and its past values and can show if there is a momentum factor associated with investing in Airtouch Solar.
Regressed Prices |
| Timeline |
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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 Airtouch Stock
Airtouch Solar financial ratios help investors to determine whether Airtouch 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 Airtouch with respect to the benefits of owning Airtouch Solar security.