Oil Refineries (Israel) Market Value
| ORL Stock | ILS 102.60 1.80 1.79% |
| Symbol | Oil |
Oil Refineries '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 Oil Refineries' 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 Oil Refineries.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Oil Refineries on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Oil Refineries or generate 0.0% return on investment in Oil Refineries over 30 days. Oil Refineries is related to or competes with Delek, Bank Leumi, ICL Israel, Bank Hapoalim, and Israel Discount. Oil Refineries Ltd. engages in the production and sale of crude oil products in Israel and internationally More
Oil Refineries 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 Oil Refineries' 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 Oil Refineries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0932 | |||
| Maximum Drawdown | 10.82 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.57 |
Oil Refineries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oil Refineries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oil Refineries' standard deviation. In reality, there are many statistical measures that can use Oil Refineries historical prices to predict the future Oil Refineries' volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.2132 | |||
| Total Risk Alpha | 0.1609 | |||
| Sortino Ratio | 0.1041 | |||
| Treynor Ratio | 0.4679 |
Oil Refineries Backtested Returns
At this point, Oil Refineries is very steady. Oil Refineries maintains Sharpe Ratio (i.e., Efficiency) of 0.0769, which implies the firm had a 0.0769 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oil Refineries, which you can use to evaluate the volatility of the company. Please check Oil Refineries' Risk Adjusted Performance of 0.0985, coefficient of variation of 912.19, and Semi Deviation of 1.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Oil Refineries has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.48, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oil Refineries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Oil Refineries is expected to be smaller as well. Oil Refineries right now holds a risk of 2.3%. Please check Oil Refineries sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Oil Refineries will be following its historical price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Oil Refineries has virtually no predictability. Overlapping area represents the amount of predictability between Oil Refineries time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Oil Refineries price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Oil Refineries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 12.96 |
Oil Refineries lagged returns against current returns
Autocorrelation, which is Oil Refineries 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 Oil Refineries' stock expected returns. We can calculate the autocorrelation of Oil Refineries returns to help us make a trade decision. For example, suppose you find that Oil Refineries 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 |
Oil Refineries 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 Oil Refineries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oil Refineries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oil Refineries stock over time.
Current vs Lagged Prices |
| Timeline |
Oil Refineries Lagged Returns
When evaluating Oil Refineries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oil Refineries stock have on its future price. Oil Refineries 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, Oil Refineries autocorrelation shows the relationship between Oil Refineries stock current value and its past values and can show if there is a momentum factor associated with investing in Oil Refineries.
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 Oil Stock
Oil Refineries financial ratios help investors to determine whether Oil 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 Oil with respect to the benefits of owning Oil Refineries security.