IMCO Industries (Israel) Market Value
| IMCO Stock | ILS 3,423 72.00 2.06% |
| Symbol | IMCO |
IMCO Industries '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 IMCO Industries' 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 IMCO Industries.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in IMCO Industries on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding IMCO Industries or generate 0.0% return on investment in IMCO Industries over 60 days. IMCO Industries is related to or competes with Fox Wizel, FMS Enterprises, Bet Shemesh, Analyst IMS, and Ludan Engineering. IMCO Industries Ltd. designs, develops, manufactures, and sells electrical and electronics, and electro-mechanical syste... More
IMCO Industries 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 IMCO Industries' 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 IMCO Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 4.34 |
IMCO Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IMCO Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IMCO Industries' standard deviation. In reality, there are many statistical measures that can use IMCO Industries historical prices to predict the future IMCO Industries' volatility.| Risk Adjusted Performance | 0.1158 | |||
| Jensen Alpha | 0.3486 | |||
| Total Risk Alpha | 0.2306 | |||
| Sortino Ratio | 0.1066 | |||
| Treynor Ratio | (2.29) |
IMCO Industries Backtested Returns
IMCO Industries appears to be very steady, given 3 months investment horizon. IMCO Industries retains Efficiency (Sharpe Ratio) of 0.18, which attests that the entity had a 0.18% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for IMCO Industries, which you can use to evaluate the volatility of the firm. Please utilize IMCO Industries' Market Risk Adjusted Performance of (2.28), semi deviation of 2.41, and Downside Deviation of 2.89 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IMCO Industries holds a performance score of 14. The company owns a Beta (Systematic Risk) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IMCO Industries are expected to decrease at a much lower rate. During the bear market, IMCO Industries is likely to outperform the market. Please check IMCO Industries' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether IMCO Industries' current price history will revert.
Auto-correlation | 0.10 |
Insignificant predictability
IMCO Industries has insignificant predictability. Overlapping area represents the amount of predictability between IMCO Industries time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 IMCO Industries price movement. The serial correlation of 0.1 indicates that less than 10.0% of current IMCO Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 8037.76 |
IMCO Industries lagged returns against current returns
Autocorrelation, which is IMCO Industries 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 IMCO Industries' stock expected returns. We can calculate the autocorrelation of IMCO Industries returns to help us make a trade decision. For example, suppose you find that IMCO Industries 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 |
IMCO Industries 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 IMCO Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IMCO Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IMCO Industries stock over time.
Current vs Lagged Prices |
| Timeline |
IMCO Industries Lagged Returns
When evaluating IMCO Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IMCO Industries stock have on its future price. IMCO Industries 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, IMCO Industries autocorrelation shows the relationship between IMCO Industries stock current value and its past values and can show if there is a momentum factor associated with investing in IMCO 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 IMCO Stock
IMCO Industries financial ratios help investors to determine whether IMCO 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 IMCO with respect to the benefits of owning IMCO Industries security.