Plasson Indus (Israel) Market Value
| PLSN Stock | ILS 21,430 560.00 2.68% |
| Symbol | Plasson |
Plasson Indus '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 Plasson Indus' 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 Plasson Indus.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Plasson Indus on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Plasson Indus or generate 0.0% return on investment in Plasson Indus over 90 days. Plasson Indus is related to or competes with Overseas Commerce, Gold Bond, Salomon A, Globrands, Bio Meat, Bezeq Israeli, and Cohen Dev. Plasson Industries Ltd provides various solutions for connecting PE pipes More
Plasson Indus 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 Plasson Indus' 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 Plasson Indus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.3065 | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 4.29 |
Plasson Indus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plasson Indus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plasson Indus' standard deviation. In reality, there are many statistical measures that can use Plasson Indus historical prices to predict the future Plasson Indus' volatility.| Risk Adjusted Performance | 0.2339 | |||
| Jensen Alpha | 0.5785 | |||
| Total Risk Alpha | 0.8445 | |||
| Sortino Ratio | 0.3871 | |||
| Treynor Ratio | 5.83 |
Plasson Indus Backtested Returns
Plasson Indus appears to be very steady, given 3 months investment horizon. Plasson Indus maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Plasson Indus, which you can use to evaluate the volatility of the company. Please evaluate Plasson Indus' Risk Adjusted Performance of 0.2339, coefficient of variation of 382.15, and Semi Deviation of 1.3 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plasson Indus holds a performance score of 14. The company holds a Beta of 0.0974, which implies not very significant fluctuations relative to the market. As returns on the market increase, Plasson Indus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Plasson Indus is expected to be smaller as well. Please check Plasson Indus' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Plasson Indus' historical price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Plasson Indus has insignificant predictability. Overlapping area represents the amount of predictability between Plasson Indus 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 Plasson Indus price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Plasson Indus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 367.3 K |
Plasson Indus lagged returns against current returns
Autocorrelation, which is Plasson Indus 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 Plasson Indus' stock expected returns. We can calculate the autocorrelation of Plasson Indus returns to help us make a trade decision. For example, suppose you find that Plasson Indus 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 |
Plasson Indus 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 Plasson Indus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plasson Indus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plasson Indus stock over time.
Current vs Lagged Prices |
| Timeline |
Plasson Indus Lagged Returns
When evaluating Plasson Indus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plasson Indus stock have on its future price. Plasson Indus 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, Plasson Indus autocorrelation shows the relationship between Plasson Indus stock current value and its past values and can show if there is a momentum factor associated with investing in Plasson Indus.
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 Plasson Stock
Plasson Indus financial ratios help investors to determine whether Plasson 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 Plasson with respect to the benefits of owning Plasson Indus security.