Isramco Negev (Israel) Market Value
| ISRA Stock | 186.20 3.10 1.64% |
| Symbol | Isramco |
Isramco Negev '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 Isramco Negev'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 Isramco Negev.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Isramco Negev on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Isramco Negev 2 or generate 0.0% return on investment in Isramco Negev over 30 days. Isramco Negev is related to or competes with Nice, Gold Bond, Bank Leumi, ICL Israel, Mizrahi Tefahot, Azrieli, and Elbit Systems. More
Isramco Negev 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 Isramco Negev'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 Isramco Negev 2 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.1877 | |||
| Maximum Drawdown | 6.95 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.81 |
Isramco Negev Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Isramco Negev's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Isramco Negev's standard deviation. In reality, there are many statistical measures that can use Isramco Negev historical prices to predict the future Isramco Negev's volatility.| Risk Adjusted Performance | 0.1778 | |||
| Jensen Alpha | 0.325 | |||
| Total Risk Alpha | 0.2611 | |||
| Sortino Ratio | 0.1795 | |||
| Treynor Ratio | 2.66 |
Isramco Negev 2 Backtested Returns
Isramco Negev appears to be very steady, given 3 months investment horizon. Isramco Negev 2 holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Isramco Negev 2, which you can use to evaluate the volatility of the firm. Please utilize Isramco Negev's Risk Adjusted Performance of 0.1778, downside deviation of 1.64, and Market Risk Adjusted Performance of 2.67 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Isramco Negev holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Isramco Negev's returns are expected to increase less than the market. However, during the bear market, the loss of holding Isramco Negev is expected to be smaller as well. Please check Isramco Negev's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Isramco Negev's current trending patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Isramco Negev 2 has very weak reverse predictability. Overlapping area represents the amount of predictability between Isramco Negev time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Isramco Negev 2 price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Isramco Negev price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 11.23 |
Isramco Negev 2 lagged returns against current returns
Autocorrelation, which is Isramco Negev 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 Isramco Negev's stock expected returns. We can calculate the autocorrelation of Isramco Negev returns to help us make a trade decision. For example, suppose you find that Isramco Negev 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 |
Isramco Negev 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 Isramco Negev stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Isramco Negev stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Isramco Negev stock over time.
Current vs Lagged Prices |
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Isramco Negev Lagged Returns
When evaluating Isramco Negev's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Isramco Negev stock have on its future price. Isramco Negev 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, Isramco Negev autocorrelation shows the relationship between Isramco Negev stock current value and its past values and can show if there is a momentum factor associated with investing in Isramco Negev 2.
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 Isramco Stock
Isramco Negev financial ratios help investors to determine whether Isramco 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 Isramco with respect to the benefits of owning Isramco Negev security.