Polyram Plastic (Israel) Market Value
| POLP Stock | ILA 1,324 21.00 1.56% |
| Symbol | Polyram |
Polyram 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 Polyram 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 Polyram Plastic.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Polyram Plastic on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Polyram Plastic Industries or generate 0.0% return on investment in Polyram Plastic over 720 days. Polyram Plastic is related to or competes with Israel Corp, Rimoni, and Kafrit. Polyram Plastic Industries LTD engages in the manufacture and supply of thermoplastic compounds in Israel and internatio... More
Polyram 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 Polyram 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 Polyram Plastic Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.1331 | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.7 |
Polyram Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polyram Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polyram Plastic's standard deviation. In reality, there are many statistical measures that can use Polyram Plastic historical prices to predict the future Polyram Plastic's volatility.| Risk Adjusted Performance | 0.163 | |||
| Jensen Alpha | 0.3418 | |||
| Total Risk Alpha | 0.0851 | |||
| Sortino Ratio | 0.1856 | |||
| Treynor Ratio | 9.77 |
Polyram Plastic Indu Backtested Returns
Polyram Plastic appears to be very steady, given 3 months investment horizon. Polyram Plastic Indu maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the firm had a 0.25% return per unit of risk over the last 3 months. We have found thirty technical indicators for Polyram Plastic Indu, which you can use to evaluate the volatility of the company. Please evaluate Polyram Plastic's Semi Deviation of 0.9318, risk adjusted performance of 0.163, and Coefficient Of Variation of 486.79 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Polyram Plastic holds a performance score of 19. The company holds a Beta of 0.0354, which implies not very significant fluctuations relative to the market. As returns on the market increase, Polyram Plastic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polyram Plastic is expected to be smaller as well. Please check Polyram Plastic's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Polyram Plastic's historical price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Polyram Plastic Industries has below average predictability. Overlapping area represents the amount of predictability between Polyram Plastic time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Polyram Plastic Indu price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Polyram Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 5124.24 |
Polyram Plastic Indu lagged returns against current returns
Autocorrelation, which is Polyram 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 Polyram Plastic's stock expected returns. We can calculate the autocorrelation of Polyram Plastic returns to help us make a trade decision. For example, suppose you find that Polyram 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 |
Polyram 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 Polyram Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polyram Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polyram Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Polyram Plastic Lagged Returns
When evaluating Polyram Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polyram Plastic stock have on its future price. Polyram 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, Polyram Plastic autocorrelation shows the relationship between Polyram Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Polyram Plastic Industries.
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 Polyram Stock
Polyram Plastic financial ratios help investors to determine whether Polyram 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 Polyram with respect to the benefits of owning Polyram Plastic security.