Delek Automotive (Israel) Market Value
| DLEA Stock | ILA 2,592 2.00 0.08% |
| Symbol | Delek |
Delek Automotive '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 Delek Automotive'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 Delek Automotive.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Delek Automotive on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Delek Automotive Systems or generate 0.0% return on investment in Delek Automotive over 30 days. Delek Automotive is related to or competes with Direct Capital, Safe T, Israel China, and Biomedix Incubator. Delek Automotive Systems Ltd. imports and distributes cars and motorcycles in Israel More
Delek Automotive 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 Delek Automotive'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 Delek Automotive Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.0749 | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 3.89 |
Delek Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delek Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delek Automotive's standard deviation. In reality, there are many statistical measures that can use Delek Automotive historical prices to predict the future Delek Automotive's volatility.| Risk Adjusted Performance | 0.1053 | |||
| Jensen Alpha | 0.2983 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0706 | |||
| Treynor Ratio | (28.84) |
Delek Automotive Systems Backtested Returns
Delek Automotive appears to be very steady, given 3 months investment horizon. Delek Automotive Systems secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Delek Automotive Systems, which you can use to evaluate the volatility of the firm. Please utilize Delek Automotive's Mean Deviation of 1.82, downside deviation of 2.53, and Coefficient Of Variation of 776.04 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Delek Automotive holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0103, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delek Automotive are expected to decrease at a much lower rate. During the bear market, Delek Automotive is likely to outperform the market. Please check Delek Automotive's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Delek Automotive's price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Delek Automotive Systems has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Delek Automotive time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Delek Automotive Systems price movement. The serial correlation of -0.72 indicates that around 72.0% of current Delek Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 1740.22 |
Delek Automotive Systems lagged returns against current returns
Autocorrelation, which is Delek Automotive 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 Delek Automotive's stock expected returns. We can calculate the autocorrelation of Delek Automotive returns to help us make a trade decision. For example, suppose you find that Delek Automotive 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 |
Delek Automotive 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 Delek Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delek Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delek Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Delek Automotive Lagged Returns
When evaluating Delek Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delek Automotive stock have on its future price. Delek Automotive 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, Delek Automotive autocorrelation shows the relationship between Delek Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Delek Automotive Systems.
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 Delek Stock
Delek Automotive financial ratios help investors to determine whether Delek 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 Delek with respect to the benefits of owning Delek Automotive security.