GODM Investments (Israel) Market Value
| GODM Stock | ILS 23.50 0.40 1.73% |
| Symbol | GODM |
GODM Investments '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 GODM Investments' 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 GODM Investments.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in GODM Investments on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding GODM Investments or generate 0.0% return on investment in GODM Investments over 720 days. GODM Investments is related to or competes with Bank Hapoalim, Israel Discount, Bezeq Israeli, and Elbit Systems. GO.D.M Investments Ltd. engages in the research and development of drugs and OTC instruments to treat periodontal illnes... More
GODM Investments 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 GODM Investments' 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 GODM Investments upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (5.94) | |||
| Potential Upside | 6.32 |
GODM Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GODM Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GODM Investments' standard deviation. In reality, there are many statistical measures that can use GODM Investments historical prices to predict the future GODM Investments' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | 0.1794 |
GODM Investments Backtested Returns
GODM Investments holds Efficiency (Sharpe) Ratio of -0.0846, which attests that the entity had a -0.0846% return per unit of return volatility over the last 3 months. GODM Investments exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GODM Investments' Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.1894, and Coefficient Of Variation of (2,072) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.12, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning GODM Investments are expected to decrease slowly. On the other hand, during market turmoil, GODM Investments is expected to outperform it slightly. At this point, GODM Investments has a negative expected return of -0.3%. Please make sure to check out GODM Investments' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if GODM Investments performance from the past will be repeated in the future.
Auto-correlation | 0.01 |
Virtually no predictability
GODM Investments has virtually no predictability. Overlapping area represents the amount of predictability between GODM Investments 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 GODM Investments price movement. The serial correlation of 0.01 indicates that just 1.0% of current GODM Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 38.1 |
GODM Investments lagged returns against current returns
Autocorrelation, which is GODM Investments 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 GODM Investments' stock expected returns. We can calculate the autocorrelation of GODM Investments returns to help us make a trade decision. For example, suppose you find that GODM Investments 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 |
GODM Investments 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 GODM Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GODM Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GODM Investments stock over time.
Current vs Lagged Prices |
| Timeline |
GODM Investments Lagged Returns
When evaluating GODM Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GODM Investments stock have on its future price. GODM Investments 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, GODM Investments autocorrelation shows the relationship between GODM Investments stock current value and its past values and can show if there is a momentum factor associated with investing in GODM Investments.
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 GODM Stock
GODM Investments financial ratios help investors to determine whether GODM 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 GODM with respect to the benefits of owning GODM Investments security.