Tikun Olam (Israel) Market Value
| TKUN Stock | ILA 28.60 10.40 26.67% |
| Symbol | Tikun |
Tikun Olam '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 Tikun Olam'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 Tikun Olam.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Tikun Olam on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Tikun Olam Cannbit or generate 0.0% return on investment in Tikun Olam over 480 days. Tikun Olam is related to or competes with Willy Food, Israel China, Harel Insurance, G Willi, Discount Investment, One Software, and Millennium Food. Tikun Olam-Cannbit Pharmaceuticals Ltd engages in the research, development, cultivation, manufacture, and distribution ... More
Tikun Olam 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 Tikun Olam'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 Tikun Olam Cannbit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.51 | |||
| Value At Risk | (7.42) | |||
| Potential Upside | 5.25 |
Tikun Olam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tikun Olam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tikun Olam's standard deviation. In reality, there are many statistical measures that can use Tikun Olam historical prices to predict the future Tikun Olam's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (2.39) |
Tikun Olam Cannbit Backtested Returns
Tikun Olam Cannbit owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0782, which indicates the firm had a -0.0782% return per unit of risk over the last 3 months. Tikun Olam Cannbit exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tikun Olam's Risk Adjusted Performance of (0.05), variance of 15.24, and Coefficient Of Variation of (1,228) to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tikun Olam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tikun Olam is expected to be smaller as well. At this point, Tikun Olam Cannbit has a negative expected return of -0.3%. Please make sure to validate Tikun Olam's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Tikun Olam Cannbit performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Tikun Olam Cannbit has below average predictability. Overlapping area represents the amount of predictability between Tikun Olam time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Tikun Olam Cannbit price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Tikun Olam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 9.22 |
Tikun Olam Cannbit lagged returns against current returns
Autocorrelation, which is Tikun Olam 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 Tikun Olam's stock expected returns. We can calculate the autocorrelation of Tikun Olam returns to help us make a trade decision. For example, suppose you find that Tikun Olam 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 |
Tikun Olam 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 Tikun Olam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tikun Olam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tikun Olam stock over time.
Current vs Lagged Prices |
| Timeline |
Tikun Olam Lagged Returns
When evaluating Tikun Olam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tikun Olam stock have on its future price. Tikun Olam 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, Tikun Olam autocorrelation shows the relationship between Tikun Olam stock current value and its past values and can show if there is a momentum factor associated with investing in Tikun Olam Cannbit.
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 Tikun Stock
Tikun Olam financial ratios help investors to determine whether Tikun 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 Tikun with respect to the benefits of owning Tikun Olam security.