Space (Israel) Market Value
| SCC Stock | ILA 32.00 1.00 3.23% |
| Symbol | Space |
Space '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 Space'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 Space.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Space on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Space Com or generate 0.0% return on investment in Space over 30 days. Space is related to or competes with Bezeq Israeli, Tower Semiconductor, El Al, Kamada, and Enlight Renewable. Space-Communication Ltd. provides satellite communication services worldwide More
Space 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 Space'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 Space Com upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.32 | |||
| Information Ratio | 0.0188 | |||
| Maximum Drawdown | 35.96 | |||
| Value At Risk | (8.42) | |||
| Potential Upside | 10.0 |
Space Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Space's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Space's standard deviation. In reality, there are many statistical measures that can use Space historical prices to predict the future Space's volatility.| Risk Adjusted Performance | 0.0343 | |||
| Jensen Alpha | 0.2388 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0217 | |||
| Treynor Ratio | (0.55) |
Space Com Backtested Returns
Space appears to be not too volatile, given 3 months investment horizon. Space Com owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0408, which indicates the firm had a 0.0408% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Space Com, which you can use to evaluate the volatility of the company. Please review Space's Risk Adjusted Performance of 0.0343, coefficient of variation of 2845.62, and Semi Deviation of 4.9 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Space holds a performance score of 3. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Space are expected to decrease at a much lower rate. During the bear market, Space is likely to outperform the market. Please check Space's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Space's existing price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Space Com has good predictability. Overlapping area represents the amount of predictability between Space time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Space Com price movement. The serial correlation of 0.79 indicates that around 79.0% of current Space price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Space Com lagged returns against current returns
Autocorrelation, which is Space 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 Space's stock expected returns. We can calculate the autocorrelation of Space returns to help us make a trade decision. For example, suppose you find that Space 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 |
Space 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 Space stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Space stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Space stock over time.
Current vs Lagged Prices |
| Timeline |
Space Lagged Returns
When evaluating Space's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Space stock have on its future price. Space 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, Space autocorrelation shows the relationship between Space stock current value and its past values and can show if there is a momentum factor associated with investing in Space Com.
Regressed Prices |
| Timeline |
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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 Space Stock
Space financial ratios help investors to determine whether Space 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 Space with respect to the benefits of owning Space security.