Ludan Engineering (Israel) Market Value
| LUDN Stock | ILS 2,220 27.00 1.20% |
| Symbol | Ludan |
Ludan Engineering '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 Ludan Engineering'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 Ludan Engineering.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Ludan Engineering on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Ludan Engineering Co or generate 0.0% return on investment in Ludan Engineering over 30 days. Ludan Engineering is related to or competes with Ralco Agencies, EN Shoham, Brimag L, Nextcom, and Telsys. It offers engineering, procurement, construction supervision, and project management services, as well as turn-key proje... More
Ludan Engineering 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 Ludan Engineering'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 Ludan Engineering Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.116 | |||
| Maximum Drawdown | 9.21 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 3.97 |
Ludan Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ludan Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ludan Engineering's standard deviation. In reality, there are many statistical measures that can use Ludan Engineering historical prices to predict the future Ludan Engineering's volatility.| Risk Adjusted Performance | 0.1392 | |||
| Jensen Alpha | 0.2834 | |||
| Total Risk Alpha | 0.1304 | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | (3.85) |
Ludan Engineering Backtested Returns
Ludan Engineering appears to be very steady, given 3 months investment horizon. Ludan Engineering has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ludan Engineering, which you can use to evaluate the volatility of the firm. Please exercise Ludan Engineering's Downside Deviation of 1.44, risk adjusted performance of 0.1392, and Mean Deviation of 1.27 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ludan Engineering holds a performance score of 12. The company secures a Beta (Market Risk) of -0.0723, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ludan Engineering are expected to decrease at a much lower rate. During the bear market, Ludan Engineering is likely to outperform the market. Please check Ludan Engineering's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ludan Engineering's current price movements will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Ludan Engineering Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Ludan Engineering time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ludan Engineering price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Ludan Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 690.91 |
Ludan Engineering lagged returns against current returns
Autocorrelation, which is Ludan Engineering 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 Ludan Engineering's stock expected returns. We can calculate the autocorrelation of Ludan Engineering returns to help us make a trade decision. For example, suppose you find that Ludan Engineering 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 |
Ludan Engineering 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 Ludan Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ludan Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ludan Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Ludan Engineering Lagged Returns
When evaluating Ludan Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ludan Engineering stock have on its future price. Ludan Engineering 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, Ludan Engineering autocorrelation shows the relationship between Ludan Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Ludan Engineering Co.
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 Ludan Stock
Ludan Engineering financial ratios help investors to determine whether Ludan 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 Ludan with respect to the benefits of owning Ludan Engineering security.