EN Shoham (Israel) Market Value
| SHOM Stock | ILS 664.50 11.00 1.68% |
| Symbol | SHOM |
EN Shoham '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 EN Shoham'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 EN Shoham.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in EN Shoham on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding EN Shoham Business or generate 0.0% return on investment in EN Shoham over 300 days. EN Shoham is related to or competes with Menif Financial, Accel Solutions, Rani Zim, Mivtach Shamir, and Rapac Communication. Shoham Business Ltd operates as an investment arm of Rubicon Business Group Ltd More
EN Shoham 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 EN Shoham'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 EN Shoham Business upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.2693 | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.8 |
EN Shoham Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EN Shoham's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EN Shoham's standard deviation. In reality, there are many statistical measures that can use EN Shoham historical prices to predict the future EN Shoham's volatility.| Risk Adjusted Performance | 0.2687 | |||
| Jensen Alpha | 0.6306 | |||
| Total Risk Alpha | 0.3141 | |||
| Sortino Ratio | 0.409 | |||
| Treynor Ratio | (1.36) |
EN Shoham Business Backtested Returns
EN Shoham appears to be very steady, given 3 months investment horizon. EN Shoham Business retains Efficiency (Sharpe Ratio) of 0.34, which denotes the company had a 0.34% return per unit of price deviation over the last 3 months. By examining EN Shoham's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize EN Shoham's Standard Deviation of 1.71, market risk adjusted performance of (1.35), and Downside Deviation of 1.13 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EN Shoham holds a performance score of 27. The firm owns a Beta (Systematic Risk) of -0.43, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EN Shoham are expected to decrease at a much lower rate. During the bear market, EN Shoham is likely to outperform the market. Please check EN Shoham's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether EN Shoham's current price history will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
EN Shoham Business has very good reverse predictability. Overlapping area represents the amount of predictability between EN Shoham time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 EN Shoham Business price movement. The serial correlation of -0.66 indicates that around 66.0% of current EN Shoham price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2345.08 |
EN Shoham Business lagged returns against current returns
Autocorrelation, which is EN Shoham 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 EN Shoham's stock expected returns. We can calculate the autocorrelation of EN Shoham returns to help us make a trade decision. For example, suppose you find that EN Shoham 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 |
EN Shoham 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 EN Shoham stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EN Shoham stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EN Shoham stock over time.
Current vs Lagged Prices |
| Timeline |
EN Shoham Lagged Returns
When evaluating EN Shoham's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EN Shoham stock have on its future price. EN Shoham 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, EN Shoham autocorrelation shows the relationship between EN Shoham stock current value and its past values and can show if there is a momentum factor associated with investing in EN Shoham Business.
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 SHOM Stock
EN Shoham financial ratios help investors to determine whether SHOM 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 SHOM with respect to the benefits of owning EN Shoham security.