Israel China (Israel) Market Value
| ICB Stock | 542.90 54.80 9.17% |
| Symbol | Israel |
Israel China '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 Israel China'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 Israel China.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Israel China on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Israel China Biotechnology or generate 0.0% return on investment in Israel China over 30 days. Israel China is related to or competes with Migdal Insurance, Multi Retail, Dan Hotels, Bio Meat, Hiron Trade, and Gamatronic Electronic. More
Israel China 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 Israel China'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 Israel China Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 20.11 | |||
| Value At Risk | (7.03) | |||
| Potential Upside | 6.29 |
Israel China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Israel China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Israel China's standard deviation. In reality, there are many statistical measures that can use Israel China historical prices to predict the future Israel China's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (2.29) |
Israel China Biotech Backtested Returns
Israel China Biotech holds Efficiency (Sharpe) Ratio of -0.0523, which attests that the entity had a -0.0523% return per unit of risk over the last 3 months. Israel China Biotech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Israel China's Risk Adjusted Performance of (0.03), standard deviation of 4.02, and Market Risk Adjusted Performance of (2.28) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0993, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Israel China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Israel China is expected to be smaller as well. At this point, Israel China Biotech has a negative expected return of -0.21%. Please make sure to check out Israel China's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Israel China Biotech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Israel China Biotechnology has very weak predictability. Overlapping area represents the amount of predictability between Israel China time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Israel China Biotech price movement. The serial correlation of 0.18 indicates that over 18.0% of current Israel China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 691.44 |
Israel China Biotech lagged returns against current returns
Autocorrelation, which is Israel China 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 Israel China's stock expected returns. We can calculate the autocorrelation of Israel China returns to help us make a trade decision. For example, suppose you find that Israel China 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 |
Israel China 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 Israel China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Israel China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Israel China stock over time.
Current vs Lagged Prices |
| Timeline |
Israel China Lagged Returns
When evaluating Israel China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Israel China stock have on its future price. Israel China 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, Israel China autocorrelation shows the relationship between Israel China stock current value and its past values and can show if there is a momentum factor associated with investing in Israel China Biotechnology.
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 Israel Stock
Israel China financial ratios help investors to determine whether Israel 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 Israel with respect to the benefits of owning Israel China security.