Shagrir Group (Israel) Market Value
| SHGR Stock | 1,164 40.00 3.32% |
| Symbol | Shagrir |
Shagrir Group '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 Shagrir Group'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 Shagrir Group.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Shagrir Group on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Shagrir Group Vehicle or generate 0.0% return on investment in Shagrir Group over 720 days. Shagrir Group is related to or competes with EN Shoham, Suny Cellular, Rani Zim, Tadiran Hldg, and Palram. Shagrir Group Vehicle Services Ltd provides roadside rescue and assistance services in Israel More
Shagrir Group 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 Shagrir Group'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 Shagrir Group Vehicle upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.1109 | |||
| Maximum Drawdown | 9.65 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.78 |
Shagrir Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shagrir Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shagrir Group's standard deviation. In reality, there are many statistical measures that can use Shagrir Group historical prices to predict the future Shagrir Group's volatility.| Risk Adjusted Performance | 0.1349 | |||
| Jensen Alpha | 0.2903 | |||
| Total Risk Alpha | 0.0185 | |||
| Sortino Ratio | 0.1322 | |||
| Treynor Ratio | 0.5551 |
Shagrir Group Vehicle Backtested Returns
Shagrir Group appears to be very steady, given 3 months investment horizon. Shagrir Group Vehicle owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. By inspecting Shagrir Group's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Shagrir Group's Semi Deviation of 1.38, risk adjusted performance of 0.1349, and Coefficient Of Variation of 595.77 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shagrir Group holds a performance score of 18. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shagrir Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shagrir Group is expected to be smaller as well. Please check Shagrir Group's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Shagrir Group's existing price patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Shagrir Group Vehicle has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shagrir Group time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Shagrir Group Vehicle price movement. The serial correlation of -0.78 indicates that around 78.0% of current Shagrir Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 13.4 K |
Shagrir Group Vehicle lagged returns against current returns
Autocorrelation, which is Shagrir Group 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 Shagrir Group's stock expected returns. We can calculate the autocorrelation of Shagrir Group returns to help us make a trade decision. For example, suppose you find that Shagrir Group 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 |
Shagrir Group 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 Shagrir Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shagrir Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shagrir Group stock over time.
Current vs Lagged Prices |
| Timeline |
Shagrir Group Lagged Returns
When evaluating Shagrir Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shagrir Group stock have on its future price. Shagrir Group 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, Shagrir Group autocorrelation shows the relationship between Shagrir Group stock current value and its past values and can show if there is a momentum factor associated with investing in Shagrir Group Vehicle.
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 Shagrir Stock
Shagrir Group financial ratios help investors to determine whether Shagrir 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 Shagrir with respect to the benefits of owning Shagrir Group security.