Tower Semiconductor (Israel) Market Value
| TSEM Stock | ILA 11,910 160.00 1.33% |
| Symbol | Tower |
Tower Semiconductor '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 Tower Semiconductor'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 Tower Semiconductor.
| 10/26/2023 |
| 04/23/2024 |
If you would invest 0.00 in Tower Semiconductor on October 26, 2023 and sell it all today you would earn a total of 0.00 from holding Tower Semiconductor or generate 0.0% return on investment in Tower Semiconductor over 180 days. Tower Semiconductor is related to or competes with C Mer, Ralco Agencies, and Brimag L. Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal s... More
Tower Semiconductor 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 Tower Semiconductor'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 Tower Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0291 | |||
| Maximum Drawdown | 10.98 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 4.24 |
Tower Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tower Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tower Semiconductor's standard deviation. In reality, there are many statistical measures that can use Tower Semiconductor historical prices to predict the future Tower Semiconductor's volatility.| Risk Adjusted Performance | 0.0492 | |||
| Jensen Alpha | 0.1106 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | 0.3281 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tower Semiconductor'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.
Tower Semiconductor Backtested Returns
We consider Tower Semiconductor very steady. Tower Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0662, which indicates the firm had a 0.0662% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tower Semiconductor, which you can use to evaluate the volatility of the company. Please validate Tower Semiconductor's Semi Deviation of 1.92, risk adjusted performance of 0.0492, and Coefficient Of Variation of 1469.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Tower Semiconductor has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tower Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tower Semiconductor is expected to be smaller as well. Tower Semiconductor right now has a risk of 2.43%. Please validate Tower Semiconductor maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to decide if Tower Semiconductor will be following its existing price patterns.
Auto-correlation | 0.74 |
Good predictability
Tower Semiconductor has good predictability. Overlapping area represents the amount of predictability between Tower Semiconductor time series from 26th of October 2023 to 24th of January 2024 and 24th of January 2024 to 23rd 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 Tower Semiconductor price movement. The serial correlation of 0.74 indicates that around 74.0% of current Tower Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 435.7 K |
Tower Semiconductor lagged returns against current returns
Autocorrelation, which is Tower Semiconductor 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 Tower Semiconductor's stock expected returns. We can calculate the autocorrelation of Tower Semiconductor returns to help us make a trade decision. For example, suppose you find that Tower Semiconductor 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 |
Tower Semiconductor 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 Tower Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tower Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tower Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Tower Semiconductor Lagged Returns
When evaluating Tower Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tower Semiconductor stock have on its future price. Tower Semiconductor 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, Tower Semiconductor autocorrelation shows the relationship between Tower Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Tower Semiconductor.
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 Tower Semiconductor 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, Tower Semiconductor's short interest history, or implied volatility extrapolated from Tower Semiconductor options trading.
Currently Active Assets on Macroaxis
When determining whether Tower Semiconductor is a strong investment it is important to analyze Tower Semiconductor's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tower Semiconductor's future performance. For an informed investment choice regarding Tower Stock, refer to the following important reports:Check out Tower Semiconductor Correlation, Tower Semiconductor Volatility and Tower Semiconductor Alpha and Beta module to complement your research on Tower Semiconductor. For information on how to trade Tower Stock refer to our How to Trade Tower Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Tower Stock analysis
When running Tower Semiconductor's price analysis, check to measure Tower Semiconductor'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 Tower Semiconductor is operating at the current time. Most of Tower Semiconductor's value examination focuses on studying past and present price action to predict the probability of Tower Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tower Semiconductor's price. Additionally, you may evaluate how the addition of Tower Semiconductor to your portfolios can decrease your overall portfolio volatility.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |
Tower Semiconductor 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.