Identi Healthcare (Israel) Market Value
| IDNT Stock | 144.90 6.90 5.00% |
| Symbol | Identi |
Identi Healthcare '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 Identi Healthcare'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 Identi Healthcare.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Identi Healthcare on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Identi Healthcare or generate 0.0% return on investment in Identi Healthcare over 390 days. Identi Healthcare is related to or competes with IDI Insurance, Victory Supermarket, Ilex Medical, Payment Financial, Golan Plastic, Libra Insurance, and Clal Biotechnology. More
Identi Healthcare 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 Identi Healthcare'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 Identi Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 29.0 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 14.59 |
Identi Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Identi Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Identi Healthcare's standard deviation. In reality, there are many statistical measures that can use Identi Healthcare historical prices to predict the future Identi Healthcare's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (1.68) | |||
| Total Risk Alpha | (2.63) | |||
| Treynor Ratio | (1.27) |
Identi Healthcare Backtested Returns
Identi Healthcare 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. Identi Healthcare exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Identi Healthcare's Market Risk Adjusted Performance of (1.26), standard deviation of 6.57, and Risk Adjusted Performance of (0.17) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.2, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Identi Healthcare will likely underperform. At this point, Identi Healthcare has a negative expected return of -1.05%. Please make sure to check out Identi Healthcare's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Identi Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Identi Healthcare has very weak predictability. Overlapping area represents the amount of predictability between Identi Healthcare time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Identi Healthcare price movement. The serial correlation of 0.16 indicates that over 16.0% of current Identi Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 8308.24 |
Identi Healthcare lagged returns against current returns
Autocorrelation, which is Identi Healthcare 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 Identi Healthcare's stock expected returns. We can calculate the autocorrelation of Identi Healthcare returns to help us make a trade decision. For example, suppose you find that Identi Healthcare 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 |
Identi Healthcare 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 Identi Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Identi Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Identi Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Identi Healthcare Lagged Returns
When evaluating Identi Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Identi Healthcare stock have on its future price. Identi Healthcare 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, Identi Healthcare autocorrelation shows the relationship between Identi Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Identi Healthcare.
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 Identi Stock
Identi Healthcare financial ratios help investors to determine whether Identi 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 Identi with respect to the benefits of owning Identi Healthcare security.