Highcon Systems (Israel) Market Value
| HICN Stock | ILA 100.50 7.50 8.06% |
| Symbol | Highcon |
Highcon Systems '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 Highcon Systems' 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 Highcon Systems.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Highcon Systems on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Highcon Systems or generate 0.0% return on investment in Highcon Systems over 30 days. Highcon Systems is related to or competes with Aquarius Engines, Brainsway, Mivne Real, Photomyne, Israel Land, and Bezeq Israeli. Highcon Systems Ltd. develops and markets a proprietary technology for digital cutting and creasing solutions for post p... More
Highcon Systems 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 Highcon Systems' 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 Highcon Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 21.45 | |||
| Value At Risk | (6.91) | |||
| Potential Upside | 8.06 |
Highcon Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highcon Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highcon Systems' standard deviation. In reality, there are many statistical measures that can use Highcon Systems historical prices to predict the future Highcon Systems' volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.105 |
Highcon Systems Backtested Returns
Highcon Systems holds Efficiency (Sharpe) Ratio of -0.0373, which attests that the entity had a -0.0373% return per unit of risk over the last 3 months. Highcon Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highcon Systems' Risk Adjusted Performance of 0.0068, standard deviation of 4.71, and Market Risk Adjusted Performance of 0.115 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Highcon Systems are expected to decrease at a much lower rate. During the bear market, Highcon Systems is likely to outperform the market. At this point, Highcon Systems has a negative expected return of -0.18%. Please make sure to check out Highcon Systems' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Highcon Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Highcon Systems has very good predictability. Overlapping area represents the amount of predictability between Highcon Systems time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Highcon Systems price movement. The serial correlation of 0.8 indicates that around 80.0% of current Highcon Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 21.45 |
Highcon Systems lagged returns against current returns
Autocorrelation, which is Highcon Systems 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 Highcon Systems' stock expected returns. We can calculate the autocorrelation of Highcon Systems returns to help us make a trade decision. For example, suppose you find that Highcon Systems 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 |
Highcon Systems 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 Highcon Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highcon Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highcon Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Highcon Systems Lagged Returns
When evaluating Highcon Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highcon Systems stock have on its future price. Highcon Systems 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, Highcon Systems autocorrelation shows the relationship between Highcon Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Highcon 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 Highcon Stock
Highcon Systems financial ratios help investors to determine whether Highcon 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 Highcon with respect to the benefits of owning Highcon Systems security.