Hiron Trade (Israel) Market Value
| HRON Stock | ILA 217,490 0.00 0.00% |
| Symbol | Hiron |
Hiron Trade '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 Hiron Trade'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 Hiron Trade.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hiron Trade on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hiron Trade Investments Industrial or generate 0.0% return on investment in Hiron Trade over 180 days. Hiron Trade is related to or competes with Israel Canada, Delek, Shikun Binui, and Israel Discount. Hiron-Trade Investments Industrial Buildings Ltd engages in the real estate rental activities in Israel More
Hiron Trade 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 Hiron Trade'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 Hiron Trade Investments Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 2.9 |
Hiron Trade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hiron Trade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hiron Trade's standard deviation. In reality, there are many statistical measures that can use Hiron Trade historical prices to predict the future Hiron Trade's volatility.| Risk Adjusted Performance | 0.0774 | |||
| Jensen Alpha | 0.0973 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.64 |
Hiron Trade Investments Backtested Returns
At this point, Hiron Trade is very steady. Hiron Trade Investments holds Efficiency (Sharpe) Ratio of 0.0768, which attests that the entity had a 0.0768% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Hiron Trade Investments, which you can use to evaluate the volatility of the firm. Please check out Hiron Trade's Risk Adjusted Performance of 0.0774, downside deviation of 1.98, and Market Risk Adjusted Performance of 1.65 to validate if the risk estimate we provide is consistent with the expected return of 0.085%. Hiron Trade has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.064, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hiron Trade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hiron Trade is expected to be smaller as well. Hiron Trade Investments right now retains a risk of 1.11%. Please check out Hiron Trade treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Hiron Trade will be following its current trending patterns.
Auto-correlation | 0.67 |
Good predictability
Hiron Trade Investments Industrial has good predictability. Overlapping area represents the amount of predictability between Hiron Trade time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Hiron Trade Investments price movement. The serial correlation of 0.67 indicates that around 67.0% of current Hiron Trade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 26.8 M |
Hiron Trade Investments lagged returns against current returns
Autocorrelation, which is Hiron Trade 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 Hiron Trade's stock expected returns. We can calculate the autocorrelation of Hiron Trade returns to help us make a trade decision. For example, suppose you find that Hiron Trade 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 |
Hiron Trade 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 Hiron Trade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hiron Trade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hiron Trade stock over time.
Current vs Lagged Prices |
| Timeline |
Hiron Trade Lagged Returns
When evaluating Hiron Trade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hiron Trade stock have on its future price. Hiron Trade 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, Hiron Trade autocorrelation shows the relationship between Hiron Trade stock current value and its past values and can show if there is a momentum factor associated with investing in Hiron Trade Investments Industrial.
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 Hiron Stock
Hiron Trade financial ratios help investors to determine whether Hiron 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 Hiron with respect to the benefits of owning Hiron Trade security.