Inrom Construction (Israel) Market Value
| INRM Stock | ILS 1,561 1.00 0.06% |
| Symbol | Inrom |
Inrom Construction '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 Inrom Construction'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 Inrom Construction.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Inrom Construction on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Inrom Construction Industries or generate 0.0% return on investment in Inrom Construction over 180 days. Inrom Construction is related to or competes with Arad, Alony Hetz, Danel, Airport City, and Harel Insurance. Inrom Construction Industries Ltd produces, markets, and sells various products and solutions for the construction and r... More
Inrom Construction 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 Inrom Construction'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 Inrom Construction Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.1849 | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.05 |
Inrom Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inrom Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inrom Construction's standard deviation. In reality, there are many statistical measures that can use Inrom Construction historical prices to predict the future Inrom Construction's volatility.| Risk Adjusted Performance | 0.1937 | |||
| Jensen Alpha | 0.5188 | |||
| Total Risk Alpha | 0.1815 | |||
| Sortino Ratio | 0.226 | |||
| Treynor Ratio | 5.68 |
Inrom Construction Backtested Returns
Inrom Construction appears to be very steady, given 3 months investment horizon. Inrom Construction holds Efficiency (Sharpe) Ratio of 0.4, which attests that the entity had a 0.4% return per unit of risk over the last 3 months. By evaluating Inrom Construction's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Inrom Construction's Market Risk Adjusted Performance of 5.69, risk adjusted performance of 0.1937, and Downside Deviation of 1.81 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inrom Construction holds a performance score of 31. The company retains a Market Volatility (i.e., Beta) of 0.0934, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Inrom Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inrom Construction is expected to be smaller as well. Please check Inrom Construction's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Inrom Construction's current trending patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Inrom Construction Industries has insignificant predictability. Overlapping area represents the amount of predictability between Inrom Construction time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Inrom Construction price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Inrom Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 19.3 K |
Inrom Construction lagged returns against current returns
Autocorrelation, which is Inrom Construction 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 Inrom Construction's stock expected returns. We can calculate the autocorrelation of Inrom Construction returns to help us make a trade decision. For example, suppose you find that Inrom Construction 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 |
Inrom Construction 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 Inrom Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inrom Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inrom Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Inrom Construction Lagged Returns
When evaluating Inrom Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inrom Construction stock have on its future price. Inrom Construction 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, Inrom Construction autocorrelation shows the relationship between Inrom Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Inrom Construction Industries.
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 Inrom Stock
Inrom Construction financial ratios help investors to determine whether Inrom 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 Inrom with respect to the benefits of owning Inrom Construction security.