Israel Shipyards (Israel) Market Value
| ISHI Stock | ILA 8,015 17.00 0.21% |
| Symbol | Israel |
Israel Shipyards '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 Israel Shipyards' 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 Israel Shipyards.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Israel Shipyards on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Israel Shipyards or generate 0.0% return on investment in Israel Shipyards over 30 days. Israel Shipyards is related to or competes with Ilex Medical, Skyline Investments, Elbit Medical, Electreon Wireless, Seach Medical, Suny Cellular, and YD More. Israel Shipyards Industries Ltd designs and constructs military and civilian vessels More
Israel Shipyards 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 Israel Shipyards' 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 Israel Shipyards upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0902 | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.84 |
Israel Shipyards Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Israel Shipyards' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Israel Shipyards' standard deviation. In reality, there are many statistical measures that can use Israel Shipyards historical prices to predict the future Israel Shipyards' volatility.| Risk Adjusted Performance | 0.1174 | |||
| Jensen Alpha | 0.3408 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1307 | |||
| Treynor Ratio | 2.95 |
Israel Shipyards Backtested Returns
Israel Shipyards appears to be very steady, given 3 months investment horizon. Israel Shipyards holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. By evaluating Israel Shipyards' technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Israel Shipyards' Risk Adjusted Performance of 0.1174, market risk adjusted performance of 2.96, and Downside Deviation of 1.75 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Israel Shipyards holds a performance score of 20. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Israel Shipyards' returns are expected to increase less than the market. However, during the bear market, the loss of holding Israel Shipyards is expected to be smaller as well. Please check Israel Shipyards' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Israel Shipyards' current trending patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Israel Shipyards has poor predictability. Overlapping area represents the amount of predictability between Israel Shipyards time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Israel Shipyards price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Israel Shipyards price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 114.6 K |
Israel Shipyards lagged returns against current returns
Autocorrelation, which is Israel Shipyards 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 Israel Shipyards' stock expected returns. We can calculate the autocorrelation of Israel Shipyards returns to help us make a trade decision. For example, suppose you find that Israel Shipyards 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 |
Israel Shipyards 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 Israel Shipyards stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Israel Shipyards stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Israel Shipyards stock over time.
Current vs Lagged Prices |
| Timeline |
Israel Shipyards Lagged Returns
When evaluating Israel Shipyards' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Israel Shipyards stock have on its future price. Israel Shipyards 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, Israel Shipyards autocorrelation shows the relationship between Israel Shipyards stock current value and its past values and can show if there is a momentum factor associated with investing in Israel Shipyards.
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 Israel Stock
Israel Shipyards financial ratios help investors to determine whether Israel 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 Israel with respect to the benefits of owning Israel Shipyards security.