Lachish (Israel) Market Value
| LHIS Stock | ILS 2,125 1.00 0.05% |
| Symbol | Lachish |
Lachish '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 Lachish'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 Lachish.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Lachish on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Lachish or generate 0.0% return on investment in Lachish over 360 days. Lachish is related to or competes with Netz Hotels, Israel China, Israel Discount, Gamatronic Electronic, Clal Insurance, and Menif Financial. Lachish Industries Ltd. manufactures and sells cattle feeding machinery in Israel More
Lachish 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 Lachish'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 Lachish upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.82 |
Lachish Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lachish's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lachish's standard deviation. In reality, there are many statistical measures that can use Lachish historical prices to predict the future Lachish's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.38) |
Lachish Backtested Returns
Lachish has Sharpe Ratio of -0.042, which conveys that the firm had a -0.042% return per unit of risk over the last 3 months. Lachish exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lachish's Downside Deviation of 2.51, mean deviation of 0.8965, and Risk Adjusted Performance of 0.0308 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lachish are expected to decrease at a much lower rate. During the bear market, Lachish is likely to outperform the market. At this point, Lachish has a negative expected return of -0.0732%. Please make sure to verify Lachish's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Lachish performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Lachish has no correlation between past and present. Overlapping area represents the amount of predictability between Lachish time series from 1st of December 2023 to 29th of May 2024 and 29th of May 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 Lachish price movement. The serial correlation of 0.0 indicates that just 0.0% of current Lachish price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3866.85 |
Lachish lagged returns against current returns
Autocorrelation, which is Lachish 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 Lachish's stock expected returns. We can calculate the autocorrelation of Lachish returns to help us make a trade decision. For example, suppose you find that Lachish 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 |
Lachish 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 Lachish stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lachish stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lachish stock over time.
Current vs Lagged Prices |
| Timeline |
Lachish Lagged Returns
When evaluating Lachish's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lachish stock have on its future price. Lachish 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, Lachish autocorrelation shows the relationship between Lachish stock current value and its past values and can show if there is a momentum factor associated with investing in Lachish.
Regressed Prices |
| Timeline |
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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 Lachish Stock
Lachish financial ratios help investors to determine whether Lachish 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 Lachish with respect to the benefits of owning Lachish security.