Golan Plastic (Israel) Market Value
| GLPL Stock | ILS 1,144 2.00 0.18% |
| Symbol | Golan |
Golan Plastic '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 Golan Plastic'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 Golan Plastic.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Golan Plastic on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Golan Plastic or generate 0.0% return on investment in Golan Plastic over 720 days. Golan Plastic is related to or competes with Arad, Alony Hetz, Danel, Airport City, and Harel Insurance. Golan Plastic Products Ltd. engages in the production and sale of PE-Xa piping solutions under the Pexgol brand name wor... More
Golan Plastic 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 Golan Plastic'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 Golan Plastic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0816 | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 4.74 |
Golan Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golan Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golan Plastic's standard deviation. In reality, there are many statistical measures that can use Golan Plastic historical prices to predict the future Golan Plastic's volatility.| Risk Adjusted Performance | 0.1126 | |||
| Jensen Alpha | 0.3511 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0866 | |||
| Treynor Ratio | (0.74) |
Golan Plastic Backtested Returns
Golan Plastic appears to be very steady, given 3 months investment horizon. Golan Plastic holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. By evaluating Golan Plastic's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Golan Plastic's Risk Adjusted Performance of 0.1126, market risk adjusted performance of (0.73), and Downside Deviation of 2.13 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golan Plastic holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Golan Plastic are expected to decrease at a much lower rate. During the bear market, Golan Plastic is likely to outperform the market. Please check Golan Plastic's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Golan Plastic's current trending patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Golan Plastic has insignificant predictability. Overlapping area represents the amount of predictability between Golan Plastic time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Golan Plastic price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Golan Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 4422.66 |
Golan Plastic lagged returns against current returns
Autocorrelation, which is Golan Plastic 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 Golan Plastic's stock expected returns. We can calculate the autocorrelation of Golan Plastic returns to help us make a trade decision. For example, suppose you find that Golan Plastic 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 |
Golan Plastic 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 Golan Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golan Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golan Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Golan Plastic Lagged Returns
When evaluating Golan Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golan Plastic stock have on its future price. Golan Plastic 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, Golan Plastic autocorrelation shows the relationship between Golan Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Golan Plastic.
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 Golan Stock
Golan Plastic financial ratios help investors to determine whether Golan 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 Golan with respect to the benefits of owning Golan Plastic security.