Homebiogas (Israel) Market Value
| HMGS Stock | ILA 72.40 0.30 0.41% |
| Symbol | Homebiogas |
Homebiogas '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 Homebiogas' 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 Homebiogas.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Homebiogas on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Homebiogas or generate 0.0% return on investment in Homebiogas over 30 days. Homebiogas is related to or competes with Bank Leumi, Millennium Food, Oron Group, Ram On, Adgar Investments, IDI Insurance, and Skyline Investments. HomeBiogas LTD develops, produces, and markets biogas systems for treatment of organic waste into clean energy for house... More
Homebiogas 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 Homebiogas' 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 Homebiogas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 13.24 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 3.81 |
Homebiogas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homebiogas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homebiogas' standard deviation. In reality, there are many statistical measures that can use Homebiogas historical prices to predict the future Homebiogas' volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | 18.53 |
Homebiogas Backtested Returns
Homebiogas holds Efficiency (Sharpe) Ratio of -0.24, which attests that the entity had a -0.24% return per unit of risk over the last 3 months. Homebiogas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Homebiogas' Risk Adjusted Performance of (0.19), standard deviation of 2.98, and Market Risk Adjusted Performance of 18.54 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0436, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Homebiogas are expected to decrease at a much lower rate. During the bear market, Homebiogas is likely to outperform the market. At this point, Homebiogas has a negative expected return of -0.83%. Please make sure to check out Homebiogas' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Homebiogas performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Homebiogas has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Homebiogas time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Homebiogas price movement. The serial correlation of -0.79 indicates that around 79.0% of current Homebiogas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 14.26 |
Homebiogas lagged returns against current returns
Autocorrelation, which is Homebiogas 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 Homebiogas' stock expected returns. We can calculate the autocorrelation of Homebiogas returns to help us make a trade decision. For example, suppose you find that Homebiogas 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 |
Homebiogas 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 Homebiogas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homebiogas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homebiogas stock over time.
Current vs Lagged Prices |
| Timeline |
Homebiogas Lagged Returns
When evaluating Homebiogas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homebiogas stock have on its future price. Homebiogas 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, Homebiogas autocorrelation shows the relationship between Homebiogas stock current value and its past values and can show if there is a momentum factor associated with investing in Homebiogas.
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 Homebiogas Stock
Homebiogas financial ratios help investors to determine whether Homebiogas 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 Homebiogas with respect to the benefits of owning Homebiogas security.