Global Knafaim (Israel) Market Value
| GKL Stock | 79.50 0.80 1.00% |
| Symbol | Global |
Global Knafaim '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 Global Knafaim'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 Global Knafaim.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Global Knafaim on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Global Knafaim Leasing or generate 0.0% return on investment in Global Knafaim over 360 days. Global Knafaim is related to or competes with Knafaim, El Al, Orbit Technologies, and Ashot Ashkelon. Global Knafaim Leasing Ltd. engages in the acquisition, leasing, and sale of aircraft for airline companies in North Ame... More
Global Knafaim 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 Global Knafaim'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 Global Knafaim Leasing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.2145 | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 4.55 |
Global Knafaim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Knafaim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Knafaim's standard deviation. In reality, there are many statistical measures that can use Global Knafaim historical prices to predict the future Global Knafaim's volatility.| Risk Adjusted Performance | 0.198 | |||
| Jensen Alpha | 0.6426 | |||
| Total Risk Alpha | 0.2724 | |||
| Sortino Ratio | 0.306 | |||
| Treynor Ratio | (1.24) |
Global Knafaim Leasing Backtested Returns
Global Knafaim appears to be very steady, given 3 months investment horizon. Global Knafaim Leasing holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of risk over the last 3 months. By evaluating Global Knafaim's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please utilize Global Knafaim's Market Risk Adjusted Performance of (1.23), risk adjusted performance of 0.198, and Downside Deviation of 1.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Global Knafaim holds a performance score of 22. The company retains a Market Volatility (i.e., Beta) of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Global Knafaim are expected to decrease at a much lower rate. During the bear market, Global Knafaim is likely to outperform the market. Please check Global Knafaim's downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Global Knafaim's current trending patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Global Knafaim Leasing has average predictability. Overlapping area represents the amount of predictability between Global Knafaim time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Global Knafaim Leasing price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Global Knafaim price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 81.39 |
Global Knafaim Leasing lagged returns against current returns
Autocorrelation, which is Global Knafaim 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 Global Knafaim's stock expected returns. We can calculate the autocorrelation of Global Knafaim returns to help us make a trade decision. For example, suppose you find that Global Knafaim 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 |
Global Knafaim 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 Global Knafaim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Knafaim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Knafaim stock over time.
Current vs Lagged Prices |
| Timeline |
Global Knafaim Lagged Returns
When evaluating Global Knafaim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Knafaim stock have on its future price. Global Knafaim 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, Global Knafaim autocorrelation shows the relationship between Global Knafaim stock current value and its past values and can show if there is a momentum factor associated with investing in Global Knafaim Leasing.
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 Global Stock
Global Knafaim financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Knafaim security.