Carmit (Israel) Market Value
| CRMT Stock | ILA 1,222 33.00 2.63% |
| Symbol | Carmit |
Carmit '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 Carmit'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 Carmit.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Carmit on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Carmit or generate 0.0% return on investment in Carmit over 90 days. Carmit is related to or competes with Hampidjan, and NORDSTROM. Carmit Candy Industries Ltd. engages in the manufacture and supply of gluten free foods and confectionery products for f... More
Carmit 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 Carmit'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 Carmit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.35 | |||
| Information Ratio | 0.0832 | |||
| Maximum Drawdown | 20.21 | |||
| Value At Risk | (5.55) | |||
| Potential Upside | 6.79 |
Carmit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carmit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carmit's standard deviation. In reality, there are many statistical measures that can use Carmit historical prices to predict the future Carmit's volatility.| Risk Adjusted Performance | 0.0521 | |||
| Jensen Alpha | 0.0831 | |||
| Total Risk Alpha | 0.5437 | |||
| Sortino Ratio | 0.0487 | |||
| Treynor Ratio | (0.24) |
Carmit Backtested Returns
At this point, Carmit is very steady. Carmit secures Sharpe Ratio (or Efficiency) of 0.0173, which signifies that the company had a 0.0173 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Carmit, which you can use to evaluate the volatility of the firm. Please confirm Carmit's Mean Deviation of 1.7, downside deviation of 5.35, and Risk Adjusted Performance of 0.0521 to double-check if the risk estimate we provide is consistent with the expected return of 0.0568%. Carmit has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Carmit are expected to decrease at a much lower rate. During the bear market, Carmit is likely to outperform the market. Carmit right now shows a risk of 3.28%. Please confirm Carmit sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Carmit will be following its price patterns.
Auto-correlation | 0.57 |
Modest predictability
Carmit has modest predictability. Overlapping area represents the amount of predictability between Carmit time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Carmit price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Carmit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 364.65 |
Carmit lagged returns against current returns
Autocorrelation, which is Carmit 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 Carmit's stock expected returns. We can calculate the autocorrelation of Carmit returns to help us make a trade decision. For example, suppose you find that Carmit 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 |
Carmit 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 Carmit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carmit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carmit stock over time.
Current vs Lagged Prices |
| Timeline |
Carmit Lagged Returns
When evaluating Carmit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carmit stock have on its future price. Carmit 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, Carmit autocorrelation shows the relationship between Carmit stock current value and its past values and can show if there is a momentum factor associated with investing in Carmit.
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 Carmit Stock
Carmit financial ratios help investors to determine whether Carmit 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 Carmit with respect to the benefits of owning Carmit security.