Human Xtensions (Israel) Market Value
| HUMX Stock | ILA 31.00 1.90 6.53% |
| Symbol | Human |
Human Xtensions '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 Human Xtensions' 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 Human Xtensions.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Human Xtensions on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Human Xtensions or generate 0.0% return on investment in Human Xtensions over 300 days. Human Xtensions is related to or competes with ICL Israel, Harel Insurance, Amot Investments, Seach Medical, Feat Fund, and Storage Drop. It offers HandX, a handheld medical device for use in laparoscopic procedures More
Human Xtensions 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 Human Xtensions' 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 Human Xtensions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 57.26 | |||
| Value At Risk | (11.24) | |||
| Potential Upside | 8.04 |
Human Xtensions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Human Xtensions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Human Xtensions' standard deviation. In reality, there are many statistical measures that can use Human Xtensions historical prices to predict the future Human Xtensions' volatility.| Risk Adjusted Performance | 0.0085 | |||
| Jensen Alpha | 0.0622 | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | 0.0222 |
Human Xtensions Backtested Returns
Human Xtensions holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. Human Xtensions exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Human Xtensions' Standard Deviation of 7.34, risk adjusted performance of 0.0085, and Market Risk Adjusted Performance of 0.0322 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Human Xtensions are expected to decrease at a much lower rate. During the bear market, Human Xtensions is likely to outperform the market. At this point, Human Xtensions has a negative expected return of -0.93%. Please make sure to check out Human Xtensions' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Human Xtensions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Human Xtensions has virtually no predictability. Overlapping area represents the amount of predictability between Human Xtensions time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Human Xtensions price movement. The serial correlation of 0.03 indicates that only 3.0% of current Human Xtensions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 56.18 |
Human Xtensions lagged returns against current returns
Autocorrelation, which is Human Xtensions 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 Human Xtensions' stock expected returns. We can calculate the autocorrelation of Human Xtensions returns to help us make a trade decision. For example, suppose you find that Human Xtensions 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 |
Human Xtensions 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 Human Xtensions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Human Xtensions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Human Xtensions stock over time.
Current vs Lagged Prices |
| Timeline |
Human Xtensions Lagged Returns
When evaluating Human Xtensions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Human Xtensions stock have on its future price. Human Xtensions 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, Human Xtensions autocorrelation shows the relationship between Human Xtensions stock current value and its past values and can show if there is a momentum factor associated with investing in Human Xtensions.
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 Human Stock
Human Xtensions financial ratios help investors to determine whether Human 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 Human with respect to the benefits of owning Human Xtensions security.