Hod Assaf (Israel) Market Value
| HOD Stock | ILS 4,825 24.00 0.49% |
| Symbol | Hod |
Hod Assaf '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 Hod Assaf'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 Hod Assaf.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Hod Assaf on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Hod Assaf Industries or generate 0.0% return on investment in Hod Assaf over 90 days. Hod Assaf is related to or competes with Bank Leumi, Azrieli, Mizrahi Tefahot, Israel Discount, Gazit Globe, Harel Insurance, and Migdal Insurance. Hod Assaf Industries Ltd., together with its subsidiaries, manufactures and sells steel bars for construction, welded me... More
Hod Assaf 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 Hod Assaf'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 Hod Assaf Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.1755 | |||
| Maximum Drawdown | 18.8 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.25 |
Hod Assaf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hod Assaf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hod Assaf's standard deviation. In reality, there are many statistical measures that can use Hod Assaf historical prices to predict the future Hod Assaf's volatility.| Risk Adjusted Performance | 0.1098 | |||
| Jensen Alpha | 0.2556 | |||
| Total Risk Alpha | 0.6579 | |||
| Sortino Ratio | 0.3649 | |||
| Treynor Ratio | (1.36) |
Hod Assaf Industries Backtested Returns
Hod Assaf Industries holds Efficiency (Sharpe) Ratio of -0.0662, which attests that the entity had a -0.0662 % return per unit of risk over the last 3 months. Hod Assaf Industries exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hod Assaf's Market Risk Adjusted Performance of (1.35), risk adjusted performance of 0.1098, and Downside Deviation of 1.14 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hod Assaf are expected to decrease at a much lower rate. During the bear market, Hod Assaf is likely to outperform the market. At this point, Hod Assaf Industries has a negative expected return of -0.0842%. Please make sure to check out Hod Assaf's coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if Hod Assaf Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Hod Assaf Industries has virtually no predictability. Overlapping area represents the amount of predictability between Hod Assaf time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 Hod Assaf Industries price movement. The serial correlation of 0.02 indicates that only 2.0% of current Hod Assaf price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 7871.84 |
Hod Assaf Industries lagged returns against current returns
Autocorrelation, which is Hod Assaf 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 Hod Assaf's stock expected returns. We can calculate the autocorrelation of Hod Assaf returns to help us make a trade decision. For example, suppose you find that Hod Assaf 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 |
Hod Assaf 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 Hod Assaf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hod Assaf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hod Assaf stock over time.
Current vs Lagged Prices |
| Timeline |
Hod Assaf Lagged Returns
When evaluating Hod Assaf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hod Assaf stock have on its future price. Hod Assaf 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, Hod Assaf autocorrelation shows the relationship between Hod Assaf stock current value and its past values and can show if there is a momentum factor associated with investing in Hod Assaf Industries.
Regressed Prices |
| Timeline |
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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 Hod Stock
Hod Assaf financial ratios help investors to determine whether Hod 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 Hod with respect to the benefits of owning Hod Assaf security.