Golf (Israel) Market Value
| GOLF Stock | 661.00 11.00 1.64% |
| Symbol | Golf |
Golf '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 Golf'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 Golf.
| 06/15/2024 |
| 12/12/2024 |
If you would invest 0.00 in Golf on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding Golf Co Group or generate 0.0% return on investment in Golf over 180 days. Golf is related to or competes with Fox Wizel, Castro, Shufersal, Clal Biotechnology, and Rami Levi. Golf Co Ltd. operates as a retail company in the field of textile and home design, fashion, and clothing in Israel More
Golf 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 Golf'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 Golf Co Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.2998 | |||
| Maximum Drawdown | 18.1 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 4.41 |
Golf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golf's standard deviation. In reality, there are many statistical measures that can use Golf historical prices to predict the future Golf's volatility.| Risk Adjusted Performance | 0.2571 | |||
| Jensen Alpha | 0.9254 | |||
| Total Risk Alpha | 0.4978 | |||
| Sortino Ratio | 0.4636 | |||
| Treynor Ratio | 47.33 |
Golf Co Group Backtested Returns
Golf appears to be very steady, given 3 months investment horizon. Golf Co Group holds Efficiency (Sharpe) Ratio of 0.33, which attests that the entity had a 0.33% return per unit of risk over the last 3 months. By evaluating Golf's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Golf's Risk Adjusted Performance of 0.2571, downside deviation of 1.75, and Market Risk Adjusted Performance of 47.34 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golf holds a performance score of 25. The company retains a Market Volatility (i.e., Beta) of 0.0196, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Golf's returns are expected to increase less than the market. However, during the bear market, the loss of holding Golf is expected to be smaller as well. Please check Golf's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Golf's current trending patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Golf Co Group has modest predictability. Overlapping area represents the amount of predictability between Golf time series from 15th of June 2024 to 13th of September 2024 and 13th of September 2024 to 12th 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 Golf Co Group price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Golf price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 4351.04 |
Golf Co Group lagged returns against current returns
Autocorrelation, which is Golf 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 Golf's stock expected returns. We can calculate the autocorrelation of Golf returns to help us make a trade decision. For example, suppose you find that Golf 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 |
Golf 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 Golf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golf stock over time.
Current vs Lagged Prices |
| Timeline |
Golf Lagged Returns
When evaluating Golf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golf stock have on its future price. Golf 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, Golf autocorrelation shows the relationship between Golf stock current value and its past values and can show if there is a momentum factor associated with investing in Golf Co Group.
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 Golf Stock
Golf financial ratios help investors to determine whether Golf 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 Golf with respect to the benefits of owning Golf security.