Rimon Consulting (Israel) Market Value
| RMON Stock | 4,187 29.00 0.69% |
| Symbol | Rimon |
Rimon Consulting '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 Rimon Consulting'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 Rimon Consulting.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Rimon Consulting on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Rimon Consulting Management or generate 0.0% return on investment in Rimon Consulting over 720 days. Rimon Consulting is related to or competes with Shapir Engineering, Electra, Shikun Binui, Levinstein Eng, Oron Group, El Mor, and Baran. More
Rimon Consulting 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 Rimon Consulting'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 Rimon Consulting Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.1264 | |||
| Maximum Drawdown | 16.5 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 5.87 |
Rimon Consulting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rimon Consulting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rimon Consulting's standard deviation. In reality, there are many statistical measures that can use Rimon Consulting historical prices to predict the future Rimon Consulting's volatility.| Risk Adjusted Performance | 0.1396 | |||
| Jensen Alpha | 0.4703 | |||
| Total Risk Alpha | 0.0327 | |||
| Sortino Ratio | 0.1566 | |||
| Treynor Ratio | 6.53 |
Rimon Consulting Man Backtested Returns
Rimon Consulting appears to be very steady, given 3 months investment horizon. Rimon Consulting Man maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Rimon Consulting's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Rimon Consulting's Semi Deviation of 1.8, risk adjusted performance of 0.1396, and Coefficient Of Variation of 579.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rimon Consulting holds a performance score of 19. The company holds a Beta of 0.0734, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rimon Consulting's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rimon Consulting is expected to be smaller as well. Please check Rimon Consulting's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Rimon Consulting's historical price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Rimon Consulting Management has good reverse predictability. Overlapping area represents the amount of predictability between Rimon Consulting time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Rimon Consulting Man price movement. The serial correlation of -0.52 indicates that about 52.0% of current Rimon Consulting price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 109.8 K |
Rimon Consulting Man lagged returns against current returns
Autocorrelation, which is Rimon Consulting 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 Rimon Consulting's stock expected returns. We can calculate the autocorrelation of Rimon Consulting returns to help us make a trade decision. For example, suppose you find that Rimon Consulting 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 |
Rimon Consulting 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 Rimon Consulting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rimon Consulting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rimon Consulting stock over time.
Current vs Lagged Prices |
| Timeline |
Rimon Consulting Lagged Returns
When evaluating Rimon Consulting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rimon Consulting stock have on its future price. Rimon Consulting 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, Rimon Consulting autocorrelation shows the relationship between Rimon Consulting stock current value and its past values and can show if there is a momentum factor associated with investing in Rimon Consulting Management.
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 Rimon Stock
Rimon Consulting financial ratios help investors to determine whether Rimon 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 Rimon with respect to the benefits of owning Rimon Consulting security.