Shemen Industries (Israel) Market Value
| SMNIN Stock | ILS 1,793 1.00 0.06% |
| Symbol | Shemen |
Shemen Industries '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 Shemen Industries' 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 Shemen Industries.
| 09/04/2023 |
| 12/27/2024 |
If you would invest 0.00 in Shemen Industries on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Shemen Industries or generate 0.0% return on investment in Shemen Industries over 480 days. Shemen Industries is related to or competes with Aryt Industries, Scope Metals, and Delek Automotive. Shemen Industries Ltd. produces and sells vegetable oils and seeds in Israel More
Shemen Industries 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 Shemen Industries' 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 Shemen Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1154 | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 5.0 |
Shemen Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shemen Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shemen Industries' standard deviation. In reality, there are many statistical measures that can use Shemen Industries historical prices to predict the future Shemen Industries' volatility.| Risk Adjusted Performance | 0.1155 | |||
| Jensen Alpha | 0.3219 | |||
| Total Risk Alpha | 0.1937 | |||
| Sortino Ratio | 0.1559 | |||
| Treynor Ratio | 2.23 |
Shemen Industries Backtested Returns
Shemen Industries appears to be very steady, given 3 months investment horizon. Shemen Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. By inspecting Shemen Industries' technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review Shemen Industries' Coefficient Of Variation of 730.12, semi deviation of 1.51, and Risk Adjusted Performance of 0.1155 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shemen Industries holds a performance score of 20. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shemen Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shemen Industries is expected to be smaller as well. Please check Shemen Industries' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Shemen Industries' existing price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Shemen Industries has virtually no predictability. Overlapping area represents the amount of predictability between Shemen Industries time series from 4th of September 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 Shemen Industries price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Shemen Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 63.1 K |
Shemen Industries lagged returns against current returns
Autocorrelation, which is Shemen Industries 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 Shemen Industries' stock expected returns. We can calculate the autocorrelation of Shemen Industries returns to help us make a trade decision. For example, suppose you find that Shemen Industries 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 |
Shemen Industries 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 Shemen Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shemen Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shemen Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Shemen Industries Lagged Returns
When evaluating Shemen Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shemen Industries stock have on its future price. Shemen Industries 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, Shemen Industries autocorrelation shows the relationship between Shemen Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Shemen Industries.
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.Additional Tools for Shemen Stock Analysis
When running Shemen Industries' price analysis, check to measure Shemen Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shemen Industries is operating at the current time. Most of Shemen Industries' value examination focuses on studying past and present price action to predict the probability of Shemen Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shemen Industries' price. Additionally, you may evaluate how the addition of Shemen Industries to your portfolios can decrease your overall portfolio volatility.