Allmed Solutions (Israel) Market Value
| ALMD Stock | ILA 34.60 1.40 4.22% |
| Symbol | Allmed |
Allmed Solutions '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 Allmed Solutions' 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 Allmed Solutions.
| 04/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Allmed Solutions on April 30, 2024 and sell it all today you would earn a total of 0.00 from holding Allmed Solutions or generate 0.0% return on investment in Allmed Solutions over 210 days. Allmed Solutions is related to or competes with BioLine RX, Bonus Biogroup, Clal Biotechnology, and Augwind Energy. Allium Medical Solutions Ltd., a medical device company, develops, manufactures, and markets minimally invasive products... More
Allmed Solutions 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 Allmed Solutions' 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 Allmed Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 24.46 | |||
| Value At Risk | (9.61) | |||
| Potential Upside | 9.6 |
Allmed Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allmed Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allmed Solutions' standard deviation. In reality, there are many statistical measures that can use Allmed Solutions historical prices to predict the future Allmed Solutions' volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.10) |
Allmed Solutions Backtested Returns
Allmed Solutions appears to be not too volatile, given 3 months investment horizon. Allmed Solutions secures Sharpe Ratio (or Efficiency) of 0.0519, which signifies that the company had a 0.0519% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Allmed Solutions, which you can use to evaluate the volatility of the firm. Please makes use of Allmed Solutions' Standard Deviation of 4.8, mean deviation of 3.18, and Risk Adjusted Performance of 0.004 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allmed Solutions holds a performance score of 4. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allmed Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Allmed Solutions is expected to be smaller as well. Please check Allmed Solutions' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether Allmed Solutions' price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Allmed Solutions has very good reverse predictability. Overlapping area represents the amount of predictability between Allmed Solutions time series from 30th of April 2024 to 13th of August 2024 and 13th of August 2024 to 26th 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 Allmed Solutions price movement. The serial correlation of -0.68 indicates that around 68.0% of current Allmed Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 12.19 |
Allmed Solutions lagged returns against current returns
Autocorrelation, which is Allmed Solutions 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 Allmed Solutions' stock expected returns. We can calculate the autocorrelation of Allmed Solutions returns to help us make a trade decision. For example, suppose you find that Allmed Solutions 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 |
Allmed Solutions 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 Allmed Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allmed Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allmed Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Allmed Solutions Lagged Returns
When evaluating Allmed Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allmed Solutions stock have on its future price. Allmed Solutions 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, Allmed Solutions autocorrelation shows the relationship between Allmed Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Allmed Solutions.
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 Allmed Stock
Allmed Solutions financial ratios help investors to determine whether Allmed 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 Allmed with respect to the benefits of owning Allmed Solutions security.