Hamat (Israel) Market Value
| HAMAT Stock | ILS 1,305 14.00 1.08% |
| Symbol | Hamat |
Hamat '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 Hamat'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 Hamat.
| 05/14/2022 |
| 05/03/2024 |
If you would invest 0.00 in Hamat on May 14, 2022 and sell it all today you would earn a total of 0.00 from holding Hamat Group or generate 0.0% return on investment in Hamat over 720 days. Hamat is related to or competes with Together Startup, Intercure, Panaxia Labs, Cannassure Therapeutics, and ICL Israel. Hamat Group Ltd. manufactures, markets, and exports bathroom and kitchen products in Israel and internationally More
Hamat 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 Hamat'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 Hamat Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.0193 | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.57 |
Hamat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamat's standard deviation. In reality, there are many statistical measures that can use Hamat historical prices to predict the future Hamat's volatility.| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | 0.0875 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0207 | |||
| Treynor Ratio | 0.6699 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hamat'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.
Hamat Group Backtested Returns
Hamat appears to be very steady, given 3 months investment horizon. Hamat Group holds Efficiency (Sharpe) Ratio of 0.091, which attests that the entity had a 0.091% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hamat Group, which you can use to evaluate the volatility of the firm. Please utilize Hamat's Downside Deviation of 2.35, risk adjusted performance of 0.0339, and Market Risk Adjusted Performance of 0.6799 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hamat holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hamat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamat is expected to be smaller as well. Please check Hamat's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Hamat's current trending patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Hamat Group has poor predictability. Overlapping area represents the amount of predictability between Hamat time series from 14th of May 2022 to 9th of May 2023 and 9th of May 2023 to 3rd of May 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 Hamat Group price movement. The serial correlation of 0.25 indicates that over 25.0% of current Hamat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 31 K |
Hamat Group lagged returns against current returns
Autocorrelation, which is Hamat 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 Hamat's stock expected returns. We can calculate the autocorrelation of Hamat returns to help us make a trade decision. For example, suppose you find that Hamat 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 |
Hamat 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 Hamat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamat stock over time.
Current vs Lagged Prices |
| Timeline |
Hamat Lagged Returns
When evaluating Hamat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamat stock have on its future price. Hamat 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, Hamat autocorrelation shows the relationship between Hamat stock current value and its past values and can show if there is a momentum factor associated with investing in Hamat Group.
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 Hamat 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, Hamat's short interest history, or implied volatility extrapolated from Hamat options trading.
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Complementary Tools for Hamat Stock analysis
When running Hamat's price analysis, check to measure Hamat'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 Hamat is operating at the current time. Most of Hamat's value examination focuses on studying past and present price action to predict the probability of Hamat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hamat's price. Additionally, you may evaluate how the addition of Hamat to your portfolios can decrease your overall portfolio volatility.
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Hamat 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.