Lapidoth (Israel) Market Value
| LAPD Stock | ILS 6,687 4.00 0.06% |
| Symbol | Lapidoth |
Lapidoth '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 Lapidoth'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 Lapidoth.
| 10/24/2024 |
| 12/23/2024 |
If you would invest 0.00 in Lapidoth on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Lapidoth or generate 0.0% return on investment in Lapidoth over 60 days. Lapidoth is related to or competes with Atreyu Capital, IBI Inv, Delek Automotive, Scope Metals, and Rami Levi. Lapidoth Capital Ltd, together with its subsidiaries, provides drilling and related services in Israel More
Lapidoth 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 Lapidoth'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 Lapidoth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.1723 | |||
| Maximum Drawdown | 11.15 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.5 |
Lapidoth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lapidoth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lapidoth's standard deviation. In reality, there are many statistical measures that can use Lapidoth historical prices to predict the future Lapidoth's volatility.| Risk Adjusted Performance | 0.1547 | |||
| Jensen Alpha | 0.3806 | |||
| Total Risk Alpha | 0.3286 | |||
| Sortino Ratio | 0.2074 | |||
| Treynor Ratio | 1.15 |
Lapidoth Backtested Returns
Lapidoth appears to be very steady, given 3 months investment horizon. Lapidoth has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25% return per unit of risk over the last 3 months. By analyzing Lapidoth's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise Lapidoth's Risk Adjusted Performance of 0.1547, downside deviation of 1.76, and Mean Deviation of 1.54 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lapidoth holds a performance score of 19. The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lapidoth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lapidoth is expected to be smaller as well. Please check Lapidoth'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 Lapidoth's current price movements will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Lapidoth has insignificant predictability. Overlapping area represents the amount of predictability between Lapidoth time series from 24th of October 2024 to 23rd of November 2024 and 23rd of November 2024 to 23rd 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 Lapidoth price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Lapidoth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 34.9 K |
Lapidoth lagged returns against current returns
Autocorrelation, which is Lapidoth 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 Lapidoth's stock expected returns. We can calculate the autocorrelation of Lapidoth returns to help us make a trade decision. For example, suppose you find that Lapidoth 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 |
Lapidoth 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 Lapidoth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lapidoth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lapidoth stock over time.
Current vs Lagged Prices |
| Timeline |
Lapidoth Lagged Returns
When evaluating Lapidoth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lapidoth stock have on its future price. Lapidoth 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, Lapidoth autocorrelation shows the relationship between Lapidoth stock current value and its past values and can show if there is a momentum factor associated with investing in Lapidoth.
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 Lapidoth Stock
Lapidoth financial ratios help investors to determine whether Lapidoth 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 Lapidoth with respect to the benefits of owning Lapidoth security.