Ashtrom (Israel) Market Value
| ASHG Stock | ILS 5,831 74.00 1.25% |
| Symbol | Ashtrom |
Ashtrom '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 Ashtrom'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 Ashtrom.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ashtrom on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ashtrom Group or generate 0.0% return on investment in Ashtrom over 90 days. Ashtrom is related to or competes with Shikun Binui, Alony Hetz, Amot Investments, Azrieli, and Bank Leumi. Ashtrom Group Ltd. operates as a construction and real estate property company worldwide More
Ashtrom 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 Ashtrom'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 Ashtrom Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0473 | |||
| Maximum Drawdown | 11.21 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.93 |
Ashtrom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashtrom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashtrom's standard deviation. In reality, there are many statistical measures that can use Ashtrom historical prices to predict the future Ashtrom's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.2124 | |||
| Treynor Ratio | 0.0753 |
Ashtrom Group Backtested Returns
Ashtrom Group secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of standard deviation over the last 3 months. Ashtrom Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ashtrom's risk adjusted performance of 2.0E-4, and Mean Deviation of 1.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ashtrom are expected to decrease at a much lower rate. During the bear market, Ashtrom is likely to outperform the market. At this point, Ashtrom Group has a negative expected return of -0.22%. Please make sure to confirm Ashtrom's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Ashtrom Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Ashtrom Group has good predictability. Overlapping area represents the amount of predictability between Ashtrom time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ashtrom Group price movement. The serial correlation of 0.73 indicates that around 73.0% of current Ashtrom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 45.9 K |
Ashtrom Group lagged returns against current returns
Autocorrelation, which is Ashtrom 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 Ashtrom's stock expected returns. We can calculate the autocorrelation of Ashtrom returns to help us make a trade decision. For example, suppose you find that Ashtrom 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 |
Ashtrom 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 Ashtrom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashtrom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashtrom stock over time.
Current vs Lagged Prices |
| Timeline |
Ashtrom Lagged Returns
When evaluating Ashtrom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashtrom stock have on its future price. Ashtrom 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, Ashtrom autocorrelation shows the relationship between Ashtrom stock current value and its past values and can show if there is a momentum factor associated with investing in Ashtrom Group.
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 Ashtrom Stock
Ashtrom financial ratios help investors to determine whether Ashtrom 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 Ashtrom with respect to the benefits of owning Ashtrom security.