Shapir Engineering (Israel) Market Value
| SPEN Stock | ILS 2,863 12.00 0.42% |
| Symbol | Shapir |
Shapir Engineering '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 Shapir Engineering'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 Shapir Engineering.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Shapir Engineering on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Shapir Engineering Industry or generate 0.0% return on investment in Shapir Engineering over 720 days. Shapir Engineering is related to or competes with Ashtrom, Aura Investments, and . Shapir Engineering and Industry Ltd, together with its subsidiaries, engages in construction, construction materials, an... More
Shapir Engineering 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 Shapir Engineering'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 Shapir Engineering Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.2146 | |||
| Maximum Drawdown | 8.71 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 4.38 |
Shapir Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shapir Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shapir Engineering's standard deviation. In reality, there are many statistical measures that can use Shapir Engineering historical prices to predict the future Shapir Engineering's volatility.| Risk Adjusted Performance | 0.1878 | |||
| Jensen Alpha | 0.5204 | |||
| Total Risk Alpha | 0.4478 | |||
| Sortino Ratio | 0.2664 | |||
| Treynor Ratio | (1.31) |
Shapir Engineering Backtested Returns
Shapir Engineering appears to be very steady, given 3 months investment horizon. Shapir Engineering owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.37, which indicates the firm had a 0.37% return per unit of risk over the last 3 months. By inspecting Shapir Engineering's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please review Shapir Engineering's Semi Deviation of 1.51, coefficient of variation of 437.14, and Risk Adjusted Performance of 0.1878 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shapir Engineering holds a performance score of 29. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shapir Engineering are expected to decrease at a much lower rate. During the bear market, Shapir Engineering is likely to outperform the market. Please check Shapir Engineering's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Shapir Engineering's existing price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Shapir Engineering Industry has good reverse predictability. Overlapping area represents the amount of predictability between Shapir Engineering time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 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 Shapir Engineering price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Shapir Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 70.2 K |
Shapir Engineering lagged returns against current returns
Autocorrelation, which is Shapir Engineering 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 Shapir Engineering's stock expected returns. We can calculate the autocorrelation of Shapir Engineering returns to help us make a trade decision. For example, suppose you find that Shapir Engineering 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 |
Shapir Engineering 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 Shapir Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shapir Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shapir Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Shapir Engineering Lagged Returns
When evaluating Shapir Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shapir Engineering stock have on its future price. Shapir Engineering 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, Shapir Engineering autocorrelation shows the relationship between Shapir Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Shapir Engineering Industry.
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 Shapir Stock
Shapir Engineering financial ratios help investors to determine whether Shapir 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 Shapir with respect to the benefits of owning Shapir Engineering security.