Bet Shemesh (Israel) Market Value
| BSEN Stock | ILS 29,410 220.00 0.75% |
| Symbol | Bet |
Bet Shemesh '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 Bet Shemesh'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 Bet Shemesh.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Bet Shemesh on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Bet Shemesh Engines or generate 0.0% return on investment in Bet Shemesh over 30 days. Bet Shemesh is related to or competes with Danel, Hilan, Fattal 1998, Elbit Systems, and Bezeq Israeli. Bet Shemesh Engines Holdings Ltd engages in researching, developing, casting, machining, assembling, testing, maintainin... More
Bet Shemesh 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 Bet Shemesh'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 Bet Shemesh Engines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.1287 | |||
| Maximum Drawdown | 19.12 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 5.09 |
Bet Shemesh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bet Shemesh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bet Shemesh's standard deviation. In reality, there are many statistical measures that can use Bet Shemesh historical prices to predict the future Bet Shemesh's volatility.| Risk Adjusted Performance | 0.1335 | |||
| Jensen Alpha | 0.4412 | |||
| Total Risk Alpha | 0.0823 | |||
| Sortino Ratio | 0.125 | |||
| Treynor Ratio | 0.8403 |
Bet Shemesh Engines Backtested Returns
Bet Shemesh appears to be very steady, given 3 months investment horizon. Bet Shemesh Engines secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Bet Shemesh's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Bet Shemesh's Risk Adjusted Performance of 0.1335, downside deviation of 3.2, and Mean Deviation of 2.12 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bet Shemesh holds a performance score of 13. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bet Shemesh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bet Shemesh is expected to be smaller as well. Please check Bet Shemesh's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Bet Shemesh's price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Bet Shemesh Engines has good reverse predictability. Overlapping area represents the amount of predictability between Bet Shemesh time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Bet Shemesh Engines price movement. The serial correlation of -0.52 indicates that about 52.0% of current Bet Shemesh price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 6.9 M |
Bet Shemesh Engines lagged returns against current returns
Autocorrelation, which is Bet Shemesh 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 Bet Shemesh's stock expected returns. We can calculate the autocorrelation of Bet Shemesh returns to help us make a trade decision. For example, suppose you find that Bet Shemesh 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 |
Bet Shemesh 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 Bet Shemesh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bet Shemesh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bet Shemesh stock over time.
Current vs Lagged Prices |
| Timeline |
Bet Shemesh Lagged Returns
When evaluating Bet Shemesh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bet Shemesh stock have on its future price. Bet Shemesh 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, Bet Shemesh autocorrelation shows the relationship between Bet Shemesh stock current value and its past values and can show if there is a momentum factor associated with investing in Bet Shemesh Engines.
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 Bet Stock
Bet Shemesh financial ratios help investors to determine whether Bet 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 Bet with respect to the benefits of owning Bet Shemesh security.