Ashot Ashkelon (Israel) Market Value
| ASHO Stock | ILA 2,920 70.00 2.46% |
| Symbol | Ashot |
Ashot Ashkelon '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 Ashot Ashkelon'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 Ashot Ashkelon.
| 05/07/2022 |
| 04/26/2024 |
If you would invest 0.00 in Ashot Ashkelon on May 7, 2022 and sell it all today you would earn a total of 0.00 from holding Ashot Ashkelon Industries or generate 0.0% return on investment in Ashot Ashkelon over 720 days. Ashot Ashkelon is related to or competes with Alony Hetz, Melisron, Shufersal, Israel Discount, and First International. Ashot Ashkelon Industries Ltd. develops, manufactures, assembles, and supplies systems and components for aerospace, def... More
Ashot Ashkelon 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 Ashot Ashkelon'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 Ashot Ashkelon Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.0458 | |||
| Maximum Drawdown | 20.57 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 7.93 |
Ashot Ashkelon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashot Ashkelon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashot Ashkelon's standard deviation. In reality, there are many statistical measures that can use Ashot Ashkelon historical prices to predict the future Ashot Ashkelon's volatility.| Risk Adjusted Performance | 0.05 | |||
| Jensen Alpha | 0.3591 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0477 | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashot Ashkelon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ashot Ashkelon Industries Backtested Returns
Ashot Ashkelon appears to be very steady, given 3 months investment horizon. Ashot Ashkelon Industries secures Sharpe Ratio (or Efficiency) of 0.0762, which signifies that the company had a 0.0762% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ashot Ashkelon Industries, which you can use to evaluate the volatility of the firm. Please makes use of Ashot Ashkelon's mean deviation of 3.11, and Risk Adjusted Performance of 0.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashot Ashkelon holds a performance score of 5. The firm shows a Beta (market volatility) of -1.12, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Ashot Ashkelon are expected to decrease slowly. On the other hand, during market turmoil, Ashot Ashkelon is expected to outperform it slightly. Please check Ashot Ashkelon's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ashot Ashkelon's price patterns will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
Ashot Ashkelon Industries has modest reverse predictability. Overlapping area represents the amount of predictability between Ashot Ashkelon time series from 7th of May 2022 to 2nd of May 2023 and 2nd of May 2023 to 26th of April 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 Ashot Ashkelon Industries price movement. The serial correlation of -0.5 indicates that about 50.0% of current Ashot Ashkelon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 262.3 K |
Ashot Ashkelon Industries lagged returns against current returns
Autocorrelation, which is Ashot Ashkelon 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 Ashot Ashkelon's stock expected returns. We can calculate the autocorrelation of Ashot Ashkelon returns to help us make a trade decision. For example, suppose you find that Ashot Ashkelon 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 |
Ashot Ashkelon 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 Ashot Ashkelon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashot Ashkelon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashot Ashkelon stock over time.
Current vs Lagged Prices |
| Timeline |
Ashot Ashkelon Lagged Returns
When evaluating Ashot Ashkelon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashot Ashkelon stock have on its future price. Ashot Ashkelon 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, Ashot Ashkelon autocorrelation shows the relationship between Ashot Ashkelon stock current value and its past values and can show if there is a momentum factor associated with investing in Ashot Ashkelon Industries.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ashot Ashkelon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ashot Ashkelon's short interest history, or implied volatility extrapolated from Ashot Ashkelon options trading.
Pair Trading with Ashot Ashkelon
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ashot Ashkelon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ashot Ashkelon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ashot Ashkelon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashot Ashkelon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ashot Ashkelon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ashot Ashkelon Industries to buy it.
The correlation of Ashot Ashkelon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ashot Ashkelon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashot Ashkelon Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ashot Ashkelon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ashot Ashkelon Correlation, Ashot Ashkelon Volatility and Ashot Ashkelon Alpha and Beta module to complement your research on Ashot Ashkelon. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Ashot Stock analysis
When running Ashot Ashkelon's price analysis, check to measure Ashot Ashkelon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashot Ashkelon is operating at the current time. Most of Ashot Ashkelon's value examination focuses on studying past and present price action to predict the probability of Ashot Ashkelon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashot Ashkelon's price. Additionally, you may evaluate how the addition of Ashot Ashkelon to your portfolios can decrease your overall portfolio volatility.
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Ashot Ashkelon technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.