Hod Assaf (Israel) Market Value
| HOD Stock | ILS 5,057 13.00 0.26% |
| Symbol | Hod |
Hod Assaf '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 Hod Assaf'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 Hod Assaf.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Hod Assaf on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hod Assaf Industries or generate 0.0% return on investment in Hod Assaf over 30 days. Hod Assaf is related to or competes with Elbit Systems, Bezeq Israeli, Bank Hapoalim, Teva Pharmaceutical, and Bank Leumi. Hod Assaf Industries Ltd., together with its subsidiaries, manufactures and sells steel bars for construction, welded me... More
Hod Assaf 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 Hod Assaf'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 Hod Assaf Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.1895 | |||
| Maximum Drawdown | 16.86 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.11 |
Hod Assaf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hod Assaf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hod Assaf's standard deviation. In reality, there are many statistical measures that can use Hod Assaf historical prices to predict the future Hod Assaf's volatility.| Risk Adjusted Performance | 0.1739 | |||
| Jensen Alpha | 0.5439 | |||
| Total Risk Alpha | 0.2507 | |||
| Sortino Ratio | 0.3448 | |||
| Treynor Ratio | 3.88 |
Hod Assaf Industries Backtested Returns
Hod Assaf appears to be very steady, given 3 months investment horizon. Hod Assaf Industries holds Efficiency (Sharpe) Ratio of 0.3, which attests that the entity had a 0.3% return per unit of risk over the last 3 months. By evaluating Hod Assaf's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize Hod Assaf's Risk Adjusted Performance of 0.1739, market risk adjusted performance of 3.89, and Downside Deviation of 1.35 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hod Assaf holds a performance score of 23. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hod Assaf's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hod Assaf is expected to be smaller as well. Please check Hod Assaf's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Hod Assaf's current trending patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Hod Assaf Industries has below average predictability. Overlapping area represents the amount of predictability between Hod Assaf time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Hod Assaf Industries price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Hod Assaf price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 192.99 |
Hod Assaf Industries lagged returns against current returns
Autocorrelation, which is Hod Assaf 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 Hod Assaf's stock expected returns. We can calculate the autocorrelation of Hod Assaf returns to help us make a trade decision. For example, suppose you find that Hod Assaf 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 |
Hod Assaf 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 Hod Assaf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hod Assaf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hod Assaf stock over time.
Current vs Lagged Prices |
| Timeline |
Hod Assaf Lagged Returns
When evaluating Hod Assaf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hod Assaf stock have on its future price. Hod Assaf 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, Hod Assaf autocorrelation shows the relationship between Hod Assaf stock current value and its past values and can show if there is a momentum factor associated with investing in Hod Assaf Industries.
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 Hod Stock
Hod Assaf financial ratios help investors to determine whether Hod 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 Hod with respect to the benefits of owning Hod Assaf security.