Identi Healthcare (Israel) Market Value
| IDNT Stock | 176.40 5.80 3.18% |
| Symbol | Identi |
Identi Healthcare '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 Identi Healthcare'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 Identi Healthcare.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Identi Healthcare on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Identi Healthcare or generate 0.0% return on investment in Identi Healthcare over 30 days. Identi Healthcare is related to or competes with Payment Financial, Israel Discount, Clal Insurance, Bezeq Israeli, Rapac Communication, Libra Insurance, and Automatic Bank. More
Identi Healthcare 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 Identi Healthcare'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 Identi Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 26.3 | |||
| Value At Risk | (9.44) | |||
| Potential Upside | 11.21 |
Identi Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Identi Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Identi Healthcare's standard deviation. In reality, there are many statistical measures that can use Identi Healthcare historical prices to predict the future Identi Healthcare's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 2.36 |
Identi Healthcare Backtested Returns
Identi Healthcare appears to be very steady, given 3 months investment horizon. Identi Healthcare holds Efficiency (Sharpe) Ratio of 0.0558, which attests that the entity had a 0.0558% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Identi Healthcare, which you can use to evaluate the volatility of the firm. Please utilize Identi Healthcare's Standard Deviation of 5.87, market risk adjusted performance of 2.37, and Risk Adjusted Performance of (0.12) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Identi Healthcare holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Identi Healthcare are expected to decrease at a much lower rate. During the bear market, Identi Healthcare is likely to outperform the market. Please check Identi Healthcare's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Identi Healthcare's current trending patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Identi Healthcare has modest reverse predictability. Overlapping area represents the amount of predictability between Identi Healthcare time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Identi Healthcare price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Identi Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 23.94 |
Identi Healthcare lagged returns against current returns
Autocorrelation, which is Identi Healthcare 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 Identi Healthcare's stock expected returns. We can calculate the autocorrelation of Identi Healthcare returns to help us make a trade decision. For example, suppose you find that Identi Healthcare 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 |
Identi Healthcare 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 Identi Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Identi Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Identi Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Identi Healthcare Lagged Returns
When evaluating Identi Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Identi Healthcare stock have on its future price. Identi Healthcare 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, Identi Healthcare autocorrelation shows the relationship between Identi Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Identi Healthcare.
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 Identi Stock
Identi Healthcare financial ratios help investors to determine whether Identi 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 Identi with respect to the benefits of owning Identi Healthcare security.