Petrochemical (Israel) Market Value
| PTCH Stock | ILS 227.50 5.20 2.34% |
| Symbol | Petrochemical |
Petrochemical '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 Petrochemical'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 Petrochemical.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Petrochemical on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Petrochemical or generate 0.0% return on investment in Petrochemical over 30 days. Petrochemical is related to or competes with Clal Biotechnology, Multi Retail, Harel Insurance, Migdal Insurance, Clal Insurance, and Electreon Wireless. Israel Petrochemical Enterprises Ltd., together with its subsidiaries, operates in the energy and petrochemical industry... More
Petrochemical 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 Petrochemical'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 Petrochemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0724 | |||
| Maximum Drawdown | 11.38 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.68 |
Petrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrochemical's standard deviation. In reality, there are many statistical measures that can use Petrochemical historical prices to predict the future Petrochemical's volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | 0.1815 | |||
| Total Risk Alpha | 0.1677 | |||
| Sortino Ratio | 0.0891 | |||
| Treynor Ratio | 0.3149 |
Petrochemical Backtested Returns
Petrochemical appears to be very steady, given 3 months investment horizon. Petrochemical maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Petrochemical, which you can use to evaluate the volatility of the company. Please evaluate Petrochemical's Semi Deviation of 1.85, coefficient of variation of 1275.5, and Risk Adjusted Performance of 0.0647 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Petrochemical holds a performance score of 8. The company holds a Beta of 0.59, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Petrochemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrochemical is expected to be smaller as well. Please check Petrochemical's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Petrochemical's historical price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Petrochemical has below average predictability. Overlapping area represents the amount of predictability between Petrochemical time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Petrochemical price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Petrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 15.56 |
Petrochemical lagged returns against current returns
Autocorrelation, which is Petrochemical 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 Petrochemical's stock expected returns. We can calculate the autocorrelation of Petrochemical returns to help us make a trade decision. For example, suppose you find that Petrochemical 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 |
Petrochemical 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 Petrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrochemical stock over time.
Current vs Lagged Prices |
| Timeline |
Petrochemical Lagged Returns
When evaluating Petrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrochemical stock have on its future price. Petrochemical 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, Petrochemical autocorrelation shows the relationship between Petrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Petrochemical.
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 Petrochemical Stock
Petrochemical financial ratios help investors to determine whether Petrochemical 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 Petrochemical with respect to the benefits of owning Petrochemical security.