Naphtha (Israel) Market Value
| NFTA Stock | ILS 2,570 59.00 2.35% |
| Symbol | Naphtha |
Naphtha '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 Naphtha'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 Naphtha.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Naphtha on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Naphtha or generate 0.0% return on investment in Naphtha over 30 days. Naphtha is related to or competes with Atreyu Capital, IBI Inv, Delek Automotive, Scope Metals, and Rami Levi. Ltd. engages in the exploration, production, and sale of oil and gas in Israel and the United States More
Naphtha 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 Naphtha'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 Naphtha upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0198 | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.37 |
Naphtha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Naphtha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Naphtha's standard deviation. In reality, there are many statistical measures that can use Naphtha historical prices to predict the future Naphtha's volatility.| Risk Adjusted Performance | 0.0714 | |||
| Jensen Alpha | 0.2017 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0193 | |||
| Treynor Ratio | (0.42) |
Naphtha Backtested Returns
Naphtha appears to be very steady, given 3 months investment horizon. Naphtha 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 Naphtha, which you can use to evaluate the volatility of the firm. Please exercise Naphtha's Risk Adjusted Performance of 0.0714, mean deviation of 1.47, and Downside Deviation of 2.0 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Naphtha holds a performance score of 12. The company secures a Beta (Market Risk) of -0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Naphtha are expected to decrease at a much lower rate. During the bear market, Naphtha is likely to outperform the market. Please check Naphtha's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Naphtha's current price movements will revert.
Auto-correlation | 0.61 |
Good predictability
Naphtha has good predictability. Overlapping area represents the amount of predictability between Naphtha time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Naphtha price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Naphtha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 876.62 |
Naphtha lagged returns against current returns
Autocorrelation, which is Naphtha 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 Naphtha's stock expected returns. We can calculate the autocorrelation of Naphtha returns to help us make a trade decision. For example, suppose you find that Naphtha 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 |
Naphtha 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 Naphtha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Naphtha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Naphtha stock over time.
Current vs Lagged Prices |
| Timeline |
Naphtha Lagged Returns
When evaluating Naphtha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Naphtha stock have on its future price. Naphtha 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, Naphtha autocorrelation shows the relationship between Naphtha stock current value and its past values and can show if there is a momentum factor associated with investing in Naphtha.
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 Naphtha Stock
Naphtha financial ratios help investors to determine whether Naphtha 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 Naphtha with respect to the benefits of owning Naphtha security.