Palram (Israel) Market Value
| PLRM Stock | ILS 7,895 53.00 0.67% |
| Symbol | Palram |
Palram '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 Palram'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 Palram.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Palram on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Palram or generate 0.0% return on investment in Palram over 30 days. Palram is related to or competes with Maytronics, Shufersal, Alony Hetz, Danel, and Isracard. Palram Industries Ltd provides thermoplastic panels, architectural roofing systems, and self-assemble finished products ... More
Palram 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 Palram'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 Palram upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.264 | |||
| Maximum Drawdown | 12.7 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.85 |
Palram Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palram's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palram's standard deviation. In reality, there are many statistical measures that can use Palram historical prices to predict the future Palram's volatility.| Risk Adjusted Performance | 0.252 | |||
| Jensen Alpha | 0.5847 | |||
| Total Risk Alpha | 0.3534 | |||
| Sortino Ratio | 0.3885 | |||
| Treynor Ratio | 1.99 |
Palram Backtested Returns
Palram appears to be very steady, given 3 months investment horizon. Palram maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. We have found thirty technical indicators for Palram, which you can use to evaluate the volatility of the company. Please evaluate Palram's Semi Deviation of 0.7195, risk adjusted performance of 0.252, and Coefficient Of Variation of 310.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Palram holds a performance score of 20. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Palram's returns are expected to increase less than the market. However, during the bear market, the loss of holding Palram is expected to be smaller as well. Please check Palram's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Palram's historical price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Palram has good predictability. Overlapping area represents the amount of predictability between Palram time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Palram price movement. The serial correlation of 0.7 indicates that around 70.0% of current Palram price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 105.8 K |
Palram lagged returns against current returns
Autocorrelation, which is Palram 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 Palram's stock expected returns. We can calculate the autocorrelation of Palram returns to help us make a trade decision. For example, suppose you find that Palram 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 |
Palram 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 Palram stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palram stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palram stock over time.
Current vs Lagged Prices |
| Timeline |
Palram Lagged Returns
When evaluating Palram's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palram stock have on its future price. Palram 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, Palram autocorrelation shows the relationship between Palram stock current value and its past values and can show if there is a momentum factor associated with investing in Palram.
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 Palram Stock
Palram financial ratios help investors to determine whether Palram 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 Palram with respect to the benefits of owning Palram security.