Canzon Israel (Israel) Market Value
| CNZN Stock | 130.40 0.40 0.31% |
| Symbol | Canzon |
Canzon Israel '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 Canzon Israel'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 Canzon Israel.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Canzon Israel on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Canzon Israel or generate 0.0% return on investment in Canzon Israel over 270 days. Canzon Israel is related to or competes with Hiron Trade, B Communications, Discount Investment, Oron Group, and Amot Investments. More
Canzon Israel 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 Canzon Israel'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 Canzon Israel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 23.7 | |||
| Value At Risk | (6.23) | |||
| Potential Upside | 1.57 |
Canzon Israel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canzon Israel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canzon Israel's standard deviation. In reality, there are many statistical measures that can use Canzon Israel historical prices to predict the future Canzon Israel's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 0.8238 |
Canzon Israel Backtested Returns
Canzon Israel secures Sharpe Ratio (or Efficiency) of -0.044, which signifies that the company had a -0.044% return per unit of risk over the last 3 months. Canzon Israel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canzon Israel's Mean Deviation of 1.44, risk adjusted performance of (0.11), and Standard Deviation of 2.89 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Canzon Israel are expected to decrease at a much lower rate. During the bear market, Canzon Israel is likely to outperform the market. At this point, Canzon Israel has a negative expected return of -0.13%. Please make sure to confirm Canzon Israel's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Canzon Israel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Canzon Israel has modest predictability. Overlapping area represents the amount of predictability between Canzon Israel time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Canzon Israel price movement. The serial correlation of 0.52 indicates that about 52.0% of current Canzon Israel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 304.83 |
Canzon Israel lagged returns against current returns
Autocorrelation, which is Canzon Israel 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 Canzon Israel's stock expected returns. We can calculate the autocorrelation of Canzon Israel returns to help us make a trade decision. For example, suppose you find that Canzon Israel 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 |
Canzon Israel 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 Canzon Israel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canzon Israel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canzon Israel stock over time.
Current vs Lagged Prices |
| Timeline |
Canzon Israel Lagged Returns
When evaluating Canzon Israel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canzon Israel stock have on its future price. Canzon Israel 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, Canzon Israel autocorrelation shows the relationship between Canzon Israel stock current value and its past values and can show if there is a momentum factor associated with investing in Canzon Israel.
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 Canzon Stock
Canzon Israel financial ratios help investors to determine whether Canzon 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 Canzon with respect to the benefits of owning Canzon Israel security.