Hamama (Israel) Market Value
| HMAM Stock | ILA 379.00 3.20 0.84% |
| Symbol | Hamama |
Hamama '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 Hamama'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 Hamama.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Hamama on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hamama or generate 0.0% return on investment in Hamama over 30 days. Hamama is related to or competes with Aryt Industries, Scope Metals, and Delek Automotive. Hamama Meir Trading Ltd. imports and distributes raw materials for the food industry in Israel More
Hamama 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 Hamama'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 Hamama upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.57 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.74 |
Hamama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamama's standard deviation. In reality, there are many statistical measures that can use Hamama historical prices to predict the future Hamama's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.2629 |
Hamama Backtested Returns
Hamama holds Efficiency (Sharpe) Ratio of -0.0774, which attests that the entity had a -0.0774% return per unit of risk over the last 3 months. Hamama exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hamama's Standard Deviation of 2.03, market risk adjusted performance of 0.2729, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hamama are expected to decrease at a much lower rate. During the bear market, Hamama is likely to outperform the market. At this point, Hamama has a negative expected return of -0.18%. Please make sure to check out Hamama's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Hamama performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Hamama has poor reverse predictability. Overlapping area represents the amount of predictability between Hamama time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Hamama price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Hamama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 13.82 |
Hamama lagged returns against current returns
Autocorrelation, which is Hamama 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 Hamama's stock expected returns. We can calculate the autocorrelation of Hamama returns to help us make a trade decision. For example, suppose you find that Hamama 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 |
Hamama 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 Hamama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamama stock over time.
Current vs Lagged Prices |
| Timeline |
Hamama Lagged Returns
When evaluating Hamama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamama stock have on its future price. Hamama 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, Hamama autocorrelation shows the relationship between Hamama stock current value and its past values and can show if there is a momentum factor associated with investing in Hamama.
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 Hamama Stock
Hamama financial ratios help investors to determine whether Hamama 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 Hamama with respect to the benefits of owning Hamama security.