Ashot Ashkelon (Israel) Market Value
| ASHO Stock | ILA 4,762 368.00 7.17% |
| Symbol | Ashot |
Ashot Ashkelon '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 Ashot Ashkelon'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 Ashot Ashkelon.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ashot Ashkelon on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ashot Ashkelon Industries or generate 0.0% return on investment in Ashot Ashkelon over 90 days. Ashot Ashkelon is related to or competes with Bet Shemesh, Elbit Systems, Bezeq Israeli, Rekah Pharmaceutical, and Clal Insurance. Ashot Ashkelon Industries Ltd. develops, manufactures, assembles, and supplies systems and components for aerospace, def... More
Ashot Ashkelon 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 Ashot Ashkelon'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 Ashot Ashkelon Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.62 | |||
| Information Ratio | 0.1526 | |||
| Maximum Drawdown | 28.35 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 5.6 |
Ashot Ashkelon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashot Ashkelon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashot Ashkelon's standard deviation. In reality, there are many statistical measures that can use Ashot Ashkelon historical prices to predict the future Ashot Ashkelon's volatility.| Risk Adjusted Performance | 0.1481 | |||
| Jensen Alpha | 0.77 | |||
| Total Risk Alpha | 0.0994 | |||
| Sortino Ratio | 0.1419 | |||
| Treynor Ratio | 16.64 |
Ashot Ashkelon Industries Backtested Returns
Ashot Ashkelon appears to be very steady, given 3 months investment horizon. Ashot Ashkelon Industries secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. By analyzing Ashot Ashkelon's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of Ashot Ashkelon's risk adjusted performance of 0.1481, and Mean Deviation of 2.57 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashot Ashkelon holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0466, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ashot Ashkelon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ashot Ashkelon is expected to be smaller as well. Please check Ashot Ashkelon'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 Ashot Ashkelon's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Ashot Ashkelon Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Ashot Ashkelon time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Ashot Ashkelon Industries price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Ashot Ashkelon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 33.9 K |
Ashot Ashkelon Industries lagged returns against current returns
Autocorrelation, which is Ashot Ashkelon 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 Ashot Ashkelon's stock expected returns. We can calculate the autocorrelation of Ashot Ashkelon returns to help us make a trade decision. For example, suppose you find that Ashot Ashkelon 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 |
Ashot Ashkelon 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 Ashot Ashkelon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashot Ashkelon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashot Ashkelon stock over time.
Current vs Lagged Prices |
| Timeline |
Ashot Ashkelon Lagged Returns
When evaluating Ashot Ashkelon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashot Ashkelon stock have on its future price. Ashot Ashkelon 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, Ashot Ashkelon autocorrelation shows the relationship between Ashot Ashkelon stock current value and its past values and can show if there is a momentum factor associated with investing in Ashot Ashkelon Industries.
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 Ashot Stock
Ashot Ashkelon financial ratios help investors to determine whether Ashot 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 Ashot with respect to the benefits of owning Ashot Ashkelon security.