Afcon Holdings (Israel) Market Value
| AFHL Stock | ILS 12,880 40.00 0.31% |
| Symbol | Afcon |
Afcon Holdings '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 Afcon Holdings' 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 Afcon Holdings.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Afcon Holdings on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Afcon Holdings or generate 0.0% return on investment in Afcon Holdings over 30 days. Afcon Holdings is related to or competes with Hilan, Matrix, AudioCodes, Tadiran Hldg, and Tower Semiconductor. Afcon Holdings Ltd. engages in the construction and infrastructure, control and automation, trade, and communication sol... More
Afcon Holdings 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 Afcon Holdings' 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 Afcon Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.1596 | |||
| Maximum Drawdown | 16.94 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 5.29 |
Afcon Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afcon Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afcon Holdings' standard deviation. In reality, there are many statistical measures that can use Afcon Holdings historical prices to predict the future Afcon Holdings' volatility.| Risk Adjusted Performance | 0.1702 | |||
| Jensen Alpha | 0.541 | |||
| Total Risk Alpha | 0.109 | |||
| Sortino Ratio | 0.1931 | |||
| Treynor Ratio | (13.92) |
Afcon Holdings Backtested Returns
Afcon Holdings appears to be very steady, given 3 months investment horizon. Afcon Holdings secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of standard deviation over the last 3 months. By analyzing Afcon Holdings' technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Afcon Holdings' risk adjusted performance of 0.1702, and Mean Deviation of 1.58 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Afcon Holdings holds a performance score of 20. The firm shows a Beta (market volatility) of -0.0385, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Afcon Holdings are expected to decrease at a much lower rate. During the bear market, Afcon Holdings is likely to outperform the market. Please check Afcon Holdings' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Afcon Holdings' price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Afcon Holdings has very good predictability. Overlapping area represents the amount of predictability between Afcon Holdings time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Afcon Holdings price movement. The serial correlation of 0.85 indicates that around 85.0% of current Afcon Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 272.9 K |
Afcon Holdings lagged returns against current returns
Autocorrelation, which is Afcon Holdings 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 Afcon Holdings' stock expected returns. We can calculate the autocorrelation of Afcon Holdings returns to help us make a trade decision. For example, suppose you find that Afcon Holdings 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 |
Afcon Holdings 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 Afcon Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afcon Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afcon Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Afcon Holdings Lagged Returns
When evaluating Afcon Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afcon Holdings stock have on its future price. Afcon Holdings 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, Afcon Holdings autocorrelation shows the relationship between Afcon Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Afcon Holdings.
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 Afcon Stock
Afcon Holdings financial ratios help investors to determine whether Afcon 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 Afcon with respect to the benefits of owning Afcon Holdings security.