Homebiogas (Israel) Market Value
| HMGS Stock | ILA 131.90 59.50 82.18% |
| 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.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Homebiogas on May 23, 2023 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 570 days. Homebiogas is related to or competes with Energix Renewable, Opal Balance, B Communications, Mivne Real, Photomyne, and M Yochananof. 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.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.0388 | |||
| Maximum Drawdown | 13.24 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 4.54 |
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 | 0.0451 | |||
| Jensen Alpha | 0.674 | |||
| Total Risk Alpha | (0.97) | |||
| Sortino Ratio | 0.1271 | |||
| Treynor Ratio | (0.33) |
Homebiogas Backtested Returns
Homebiogas appears to be not too volatile, given 3 months investment horizon. Homebiogas holds Efficiency (Sharpe) Ratio of 0.0771, which attests that the entity had a 0.0771% return per unit of risk over the last 3 months. By evaluating Homebiogas' technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please utilize Homebiogas' Market Risk Adjusted Performance of (0.32), risk adjusted performance of 0.0451, and Downside Deviation of 3.24 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Homebiogas holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -1.57, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Homebiogas are expected to decrease by larger amounts. On the other hand, during market turmoil, Homebiogas is expected to outperform it. Please check Homebiogas' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Homebiogas' current trending patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Homebiogas has modest predictability. Overlapping area represents the amount of predictability between Homebiogas time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 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 Homebiogas price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Homebiogas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 13.5 K |
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.