Ilex Medical (Israel) Market Value
| ILX Stock | 7,125 337.00 4.96% |
| Symbol | Ilex |
Ilex Medical '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 Ilex Medical'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 Ilex Medical.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ilex Medical on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ilex Medical or generate 0.0% return on investment in Ilex Medical over 90 days. Ilex Medical is related to or competes with Kamada, Bezeq Israeli, B Communications, Petrochemical, Israel Opportunity, Israel Land, and Clal Biotechnology. Ilex Medical Ltd engages in marketing, selling, and supporting equipment, disposables, and reagents for laboratories and... More
Ilex Medical 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 Ilex Medical'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 Ilex Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 3.84 |
Ilex Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ilex Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ilex Medical's standard deviation. In reality, there are many statistical measures that can use Ilex Medical historical prices to predict the future Ilex Medical's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 0.152 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.35) |
Ilex Medical Backtested Returns
Ilex Medical appears to be very steady, given 3 months investment horizon. Ilex Medical holds Efficiency (Sharpe) Ratio of 0.0983, which attests that the entity had a 0.0983% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ilex Medical, which you can use to evaluate the volatility of the firm. Please utilize Ilex Medical's Market Risk Adjusted Performance of (0.34), downside deviation of 2.15, and Risk Adjusted Performance of 0.0503 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ilex Medical holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ilex Medical are expected to decrease at a much lower rate. During the bear market, Ilex Medical is likely to outperform the market. Please check Ilex Medical's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Ilex Medical's current trending patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Ilex Medical has good reverse predictability. Overlapping area represents the amount of predictability between Ilex Medical time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Ilex Medical price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Ilex Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 63.7 K |
Ilex Medical lagged returns against current returns
Autocorrelation, which is Ilex Medical 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 Ilex Medical's stock expected returns. We can calculate the autocorrelation of Ilex Medical returns to help us make a trade decision. For example, suppose you find that Ilex Medical 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 |
Ilex Medical 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 Ilex Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ilex Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ilex Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Ilex Medical Lagged Returns
When evaluating Ilex Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ilex Medical stock have on its future price. Ilex Medical 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, Ilex Medical autocorrelation shows the relationship between Ilex Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Ilex Medical.
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 Ilex Stock
Ilex Medical financial ratios help investors to determine whether Ilex 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 Ilex with respect to the benefits of owning Ilex Medical security.