Ralco Agencies (Israel) Market Value
| RLCO Stock | ILA 4,981 37.00 0.74% |
| Symbol | Ralco |
Ralco Agencies '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 Ralco Agencies' 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 Ralco Agencies.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ralco Agencies on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ralco Agencies or generate 0.0% return on investment in Ralco Agencies over 210 days. Ralco Agencies is related to or competes with Migdal Insurance, Clal Insurance, Bank Leumi, Israel Discount, Mizrahi Tefahot, Delek, and Bezeq Israeli. Ralco Agencies Ltd imports, distributes, and sells electrical and electronic appliances in Israel More
Ralco Agencies 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 Ralco Agencies' 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 Ralco Agencies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.2999 | |||
| Maximum Drawdown | 12.94 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 5.56 |
Ralco Agencies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ralco Agencies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ralco Agencies' standard deviation. In reality, there are many statistical measures that can use Ralco Agencies historical prices to predict the future Ralco Agencies' volatility.| Risk Adjusted Performance | 0.2602 | |||
| Jensen Alpha | 0.8344 | |||
| Total Risk Alpha | 0.4633 | |||
| Sortino Ratio | 0.3674 | |||
| Treynor Ratio | 4.95 |
Ralco Agencies Backtested Returns
Ralco Agencies appears to be very steady, given 3 months investment horizon. Ralco Agencies maintains Sharpe Ratio (i.e., Efficiency) of 0.4, which implies the firm had a 0.4% return per unit of risk over the last 3 months. By analyzing Ralco Agencies' technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please evaluate Ralco Agencies' Semi Deviation of 1.2, risk adjusted performance of 0.2602, and Coefficient Of Variation of 285.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ralco Agencies holds a performance score of 31. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ralco Agencies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ralco Agencies is expected to be smaller as well. Please check Ralco Agencies' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Ralco Agencies' historical price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Ralco Agencies has weak reverse predictability. Overlapping area represents the amount of predictability between Ralco Agencies time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 Ralco Agencies price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Ralco Agencies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 300.5 K |
Ralco Agencies lagged returns against current returns
Autocorrelation, which is Ralco Agencies 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 Ralco Agencies' stock expected returns. We can calculate the autocorrelation of Ralco Agencies returns to help us make a trade decision. For example, suppose you find that Ralco Agencies 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 |
Ralco Agencies 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 Ralco Agencies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ralco Agencies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ralco Agencies stock over time.
Current vs Lagged Prices |
| Timeline |
Ralco Agencies Lagged Returns
When evaluating Ralco Agencies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ralco Agencies stock have on its future price. Ralco Agencies 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, Ralco Agencies autocorrelation shows the relationship between Ralco Agencies stock current value and its past values and can show if there is a momentum factor associated with investing in Ralco Agencies.
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 Ralco Stock
Ralco Agencies financial ratios help investors to determine whether Ralco 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 Ralco with respect to the benefits of owning Ralco Agencies security.