ICL Israel (Israel) Market Value
| ICL Stock | ILA 1,689 46.00 2.80% |
| Symbol | ICL |
ICL Israel '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 ICL Israel'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 ICL Israel.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in ICL Israel on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding ICL Israel Chemicals or generate 0.0% return on investment in ICL Israel over 540 days. ICL Israel is related to or competes with Elbit Systems, Bezeq Israeli, Bank Hapoalim, Teva Pharmaceutical, and Bank Leumi. ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide More
ICL Israel 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 ICL Israel'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 ICL Israel Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 5.55 |
ICL Israel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICL Israel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICL Israel's standard deviation. In reality, there are many statistical measures that can use ICL Israel historical prices to predict the future ICL Israel's volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | 0.0119 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.16) |
ICL Israel Chemicals Backtested Returns
At this point, ICL Israel is very steady. ICL Israel Chemicals holds Efficiency (Sharpe) Ratio of 0.0401, which attests that the company had a 0.0401% return per unit of risk over the last 3 months. We have found thirty technical indicators for ICL Israel Chemicals, which you can use to evaluate the volatility of the entity. Please check out ICL Israel's downside deviation of 2.32, and Semi Deviation of 2.22 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. ICL Israel has a performance score of 3 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of -0.0418, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ICL Israel are expected to decrease at a much lower rate. During the bear market, ICL Israel is likely to outperform the market. ICL Israel Chemicals now retains a risk of 2.53%. Please check out ICL Israel total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if ICL Israel will be following its current trending patterns.
Auto-correlation | 0.44 |
Average predictability
ICL Israel Chemicals has average predictability. Overlapping area represents the amount of predictability between ICL Israel time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 ICL Israel Chemicals price movement. The serial correlation of 0.44 indicates that just about 44.0% of current ICL Israel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 15.5 K |
ICL Israel Chemicals lagged returns against current returns
Autocorrelation, which is ICL Israel 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 ICL Israel's stock expected returns. We can calculate the autocorrelation of ICL Israel returns to help us make a trade decision. For example, suppose you find that ICL Israel 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 |
ICL Israel 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 ICL Israel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICL Israel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICL Israel stock over time.
Current vs Lagged Prices |
| Timeline |
ICL Israel Lagged Returns
When evaluating ICL Israel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICL Israel stock have on its future price. ICL Israel 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, ICL Israel autocorrelation shows the relationship between ICL Israel stock current value and its past values and can show if there is a momentum factor associated with investing in ICL Israel Chemicals.
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.Additional Information and Resources on Investing in ICL Stock
When determining whether ICL Israel Chemicals is a strong investment it is important to analyze ICL Israel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ICL Israel's future performance. For an informed investment choice regarding ICL Stock, refer to the following important reports:Check out ICL Israel Correlation, ICL Israel Volatility and ICL Israel Alpha and Beta module to complement your research on ICL Israel. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
ICL Israel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.