ICP Israel (Israel) Market Value
| CTPL1 Stock | ILA 31,500 0.00 0.00% |
| Symbol | ICP |
ICP Israel '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 ICP Israel'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 ICP Israel.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in ICP Israel on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding ICP Israel Citrus or generate 0.0% return on investment in ICP Israel over 30 days. ICP Israel is related to or competes with Azrieli, Melisron, Amot Investments, Mivne Real, Big Shopping, Mivne Real, and Alony Hetz. Israel Citrus Plantations Ltd. engages in agriculture and properties rental businesses in Israel More
ICP Israel 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 ICP Israel'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 ICP Israel Citrus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.34 | |||
| Value At Risk | (1.90) |
ICP Israel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICP Israel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICP Israel's standard deviation. In reality, there are many statistical measures that can use ICP Israel historical prices to predict the future ICP Israel's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICP Israel'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.
ICP Israel Citrus Backtested Returns
ICP Israel Citrus holds Efficiency (Sharpe) Ratio of -0.15, which attests that the company had a -0.15% return per unit of volatility over the last 3 months. ICP Israel Citrus exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ICP Israel's market risk adjusted performance of (0.44), and Coefficient Of Variation of (1,283) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ICP Israel's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICP Israel is expected to be smaller as well. ICP Israel Citrus has an expected return of -0.22%. Please make sure to check out ICP Israel information ratio, maximum drawdown, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if ICP Israel Citrus performance from the past will be repeated in the future.
Auto-correlation | -0.55 |
Good reverse predictability
ICP Israel Citrus has good reverse predictability. Overlapping area represents the amount of predictability between ICP Israel time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 ICP Israel Citrus price movement. The serial correlation of -0.55 indicates that about 55.0% of current ICP Israel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 117.9 K |
ICP Israel Citrus lagged returns against current returns
Autocorrelation, which is ICP Israel 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 ICP Israel's stock expected returns. We can calculate the autocorrelation of ICP Israel returns to help us make a trade decision. For example, suppose you find that ICP Israel 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 |
ICP Israel 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 ICP Israel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICP Israel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICP Israel stock over time.
Current vs Lagged Prices |
| Timeline |
ICP Israel Lagged Returns
When evaluating ICP Israel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICP Israel stock have on its future price. ICP Israel 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, ICP Israel autocorrelation shows the relationship between ICP Israel stock current value and its past values and can show if there is a momentum factor associated with investing in ICP Israel Citrus.
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 ICP Israel 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, ICP Israel's short interest history, or implied volatility extrapolated from ICP Israel options trading.
Pair Trading with ICP Israel
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 ICP Israel 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 ICP Israel will appreciate offsetting losses from the drop in the long position's value.Moving together with ICP Stock
| 0.71 | AMOT | Amot Investments | PairCorr |
Moving against ICP Stock
| 0.92 | DCI | Direct Capital Inves | PairCorr |
| 0.86 | SAFE | Safe T Group | PairCorr |
| 0.83 | BMDX | Biomedix Incubator | PairCorr |
| 0.7 | DIMRI | YH Dimri Construction | PairCorr |
| 0.69 | MCTC | Nextage Therapeutics | PairCorr |
The ability to find closely correlated positions to ICP Israel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICP Israel 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 ICP Israel - 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 ICP Israel Citrus to buy it.
The correlation of ICP Israel 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 ICP Israel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICP Israel Citrus 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 ICP Israel 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 ICP Israel Correlation, ICP Israel Volatility and ICP Israel Alpha and Beta module to complement your research on ICP Israel. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for ICP Stock analysis
When running ICP Israel's price analysis, check to measure ICP Israel'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 ICP Israel is operating at the current time. Most of ICP Israel's value examination focuses on studying past and present price action to predict the probability of ICP Israel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICP Israel's price. Additionally, you may evaluate how the addition of ICP Israel to your portfolios can decrease your overall portfolio volatility.
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ICP Israel 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.