Shaniv (Israel) Market Value
| SHAN Stock | ILS 381.80 6.30 1.62% |
| Symbol | Shaniv |
Shaniv '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 Shaniv'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 Shaniv.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Shaniv on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Shaniv or generate 0.0% return on investment in Shaniv over 180 days. Shaniv is related to or competes with Rapac Communication, Shufersal, Palram, Nawi Brothers, and Israel Corp. Shaniv Paper Industry Ltd. manufactures and sells household paper products in Israel More
Shaniv 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 Shaniv'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 Shaniv upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.0291 | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.38 |
Shaniv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaniv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaniv's standard deviation. In reality, there are many statistical measures that can use Shaniv historical prices to predict the future Shaniv's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.1648 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0306 | |||
| Treynor Ratio | (7.58) |
Shaniv Backtested Returns
At this point, Shaniv is very steady. Shaniv owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shaniv, which you can use to evaluate the volatility of the company. Please validate Shaniv's Risk Adjusted Performance of 0.0963, coefficient of variation of 834.37, and Semi Deviation of 1.22 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Shaniv has a performance score of 10 on a scale of 0 to 100. The entity has a beta of -0.0214, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shaniv are expected to decrease at a much lower rate. During the bear market, Shaniv is likely to outperform the market. Shaniv right now has a risk of 1.29%. Please validate Shaniv semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Shaniv will be following its existing price patterns.
Auto-correlation | 0.25 |
Poor predictability
Shaniv has poor predictability. Overlapping area represents the amount of predictability between Shaniv time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Shaniv price movement. The serial correlation of 0.25 indicates that over 25.0% of current Shaniv price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 369.41 |
Shaniv lagged returns against current returns
Autocorrelation, which is Shaniv 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 Shaniv's stock expected returns. We can calculate the autocorrelation of Shaniv returns to help us make a trade decision. For example, suppose you find that Shaniv 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 |
Shaniv 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 Shaniv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaniv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaniv stock over time.
Current vs Lagged Prices |
| Timeline |
Shaniv Lagged Returns
When evaluating Shaniv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaniv stock have on its future price. Shaniv 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, Shaniv autocorrelation shows the relationship between Shaniv stock current value and its past values and can show if there is a momentum factor associated with investing in Shaniv.
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 Shaniv Stock
Shaniv financial ratios help investors to determine whether Shaniv 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 Shaniv with respect to the benefits of owning Shaniv security.