Golan Plastic (Israel) Market Value
| GLPL Stock | ILS 1,360 15.00 1.12% |
| Symbol | Golan |
Golan Plastic '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 Golan Plastic'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 Golan Plastic.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Golan Plastic on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Golan Plastic or generate 0.0% return on investment in Golan Plastic over 90 days. Golan Plastic is related to or competes with Brimag L, Neto ME, Palram, Ludan Engineering, and Ralco Agencies. Golan Plastic Products Ltd. engages in the production and sale of PE-Xa piping solutions under the Pexgol brand name wor... More
Golan Plastic 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 Golan Plastic'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 Golan Plastic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.215 | |||
| Maximum Drawdown | 11.7 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.71 |
Golan Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golan Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golan Plastic's standard deviation. In reality, there are many statistical measures that can use Golan Plastic historical prices to predict the future Golan Plastic's volatility.| Risk Adjusted Performance | 0.1541 | |||
| Jensen Alpha | 0.332 | |||
| Total Risk Alpha | 0.6414 | |||
| Sortino Ratio | 0.2343 | |||
| Treynor Ratio | (1.20) |
Golan Plastic Backtested Returns
Golan Plastic holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. Golan Plastic exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Golan Plastic's Risk Adjusted Performance of 0.1541, market risk adjusted performance of (1.19), and Downside Deviation of 2.02 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Golan Plastic are expected to decrease at a much lower rate. During the bear market, Golan Plastic is likely to outperform the market. At this point, Golan Plastic has a negative expected return of -0.0104%. Please make sure to check out Golan Plastic's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Golan Plastic performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Golan Plastic has poor reverse predictability. Overlapping area represents the amount of predictability between Golan Plastic 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 Golan Plastic price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Golan Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 859.98 |
Golan Plastic lagged returns against current returns
Autocorrelation, which is Golan Plastic 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 Golan Plastic's stock expected returns. We can calculate the autocorrelation of Golan Plastic returns to help us make a trade decision. For example, suppose you find that Golan Plastic 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 |
Golan Plastic 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 Golan Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golan Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golan Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Golan Plastic Lagged Returns
When evaluating Golan Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golan Plastic stock have on its future price. Golan Plastic 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, Golan Plastic autocorrelation shows the relationship between Golan Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Golan Plastic.
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 Golan Stock
Golan Plastic financial ratios help investors to determine whether Golan 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 Golan with respect to the benefits of owning Golan Plastic security.