Alony Hetz (Israel) Market Value
| ALHE Stock | ILS 2,861 49.00 1.68% |
| Symbol | Alony |
Alony Hetz '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 Alony Hetz'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 Alony Hetz.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Alony Hetz on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alony Hetz Properties or generate 0.0% return on investment in Alony Hetz over 30 days. Alony Hetz is related to or competes with Israel Canada, Azrieli, Delek, Shikun Binui, and Israel Discount. Alony Hetz Properties and Investments Ltd More
Alony Hetz 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 Alony Hetz'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 Alony Hetz Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0246 | |||
| Maximum Drawdown | 12.74 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.83 |
Alony Hetz Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alony Hetz's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alony Hetz's standard deviation. In reality, there are many statistical measures that can use Alony Hetz historical prices to predict the future Alony Hetz's volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | 0.1792 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0286 | |||
| Treynor Ratio | (0.71) |
Alony Hetz Properties Backtested Returns
At this point, Alony Hetz is very steady. Alony Hetz Properties secures Sharpe Ratio (or Efficiency) of 0.061, which signifies that the company had a 0.061% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alony Hetz Properties, which you can use to evaluate the volatility of the firm. Please confirm Alony Hetz's Risk Adjusted Performance of 0.0611, mean deviation of 1.74, and Downside Deviation of 2.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Alony Hetz has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alony Hetz are expected to decrease at a much lower rate. During the bear market, Alony Hetz is likely to outperform the market. Alony Hetz Properties right now shows a risk of 2.35%. Please confirm Alony Hetz Properties standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Alony Hetz Properties will be following its price patterns.
Auto-correlation | 0.65 |
Good predictability
Alony Hetz Properties has good predictability. Overlapping area represents the amount of predictability between Alony Hetz time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Alony Hetz Properties price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Alony Hetz price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2454.19 |
Alony Hetz Properties lagged returns against current returns
Autocorrelation, which is Alony Hetz 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 Alony Hetz's stock expected returns. We can calculate the autocorrelation of Alony Hetz returns to help us make a trade decision. For example, suppose you find that Alony Hetz 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 |
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Alony Hetz 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 Alony Hetz stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alony Hetz stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alony Hetz stock over time.
Current vs Lagged Prices |
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Alony Hetz Lagged Returns
When evaluating Alony Hetz's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alony Hetz stock have on its future price. Alony Hetz 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, Alony Hetz autocorrelation shows the relationship between Alony Hetz stock current value and its past values and can show if there is a momentum factor associated with investing in Alony Hetz Properties.
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 Alony Stock
Alony Hetz financial ratios help investors to determine whether Alony 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 Alony with respect to the benefits of owning Alony Hetz security.