Rimoni (Israel) Market Value
| RIMO Stock | ILA 5,390 90.00 1.70% |
| Symbol | Rimoni |
Rimoni '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 Rimoni'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 Rimoni.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Rimoni on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Rimoni or generate 0.0% return on investment in Rimoni over 180 days. Rimoni is related to or competes with Rami Levi, Kamada, Tadiran Hldg, Maytronics, and Neto ME. Rimoni Industries Ltd. engages in the design, engineering, and manufacturing of molds, and precise injection molding and... More
Rimoni 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 Rimoni'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 Rimoni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1629 | |||
| Maximum Drawdown | 14.04 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 6.68 |
Rimoni Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rimoni's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rimoni's standard deviation. In reality, there are many statistical measures that can use Rimoni historical prices to predict the future Rimoni's volatility.| Risk Adjusted Performance | 0.1648 | |||
| Jensen Alpha | 0.5285 | |||
| Total Risk Alpha | 0.1742 | |||
| Sortino Ratio | 0.2153 | |||
| Treynor Ratio | (12.30) |
Rimoni Backtested Returns
Rimoni appears to be very steady, given 3 months investment horizon. Rimoni maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Rimoni, which you can use to evaluate the volatility of the company. Please evaluate Rimoni's Risk Adjusted Performance of 0.1648, coefficient of variation of 483.73, and Semi Deviation of 1.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rimoni holds a performance score of 10. The company holds a Beta of -0.0426, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rimoni are expected to decrease at a much lower rate. During the bear market, Rimoni is likely to outperform the market. Please check Rimoni'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 Rimoni's historical price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Rimoni has good predictability. Overlapping area represents the amount of predictability between Rimoni time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 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 Rimoni price movement. The serial correlation of 0.77 indicates that around 77.0% of current Rimoni price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 52.7 K |
Rimoni lagged returns against current returns
Autocorrelation, which is Rimoni 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 Rimoni's stock expected returns. We can calculate the autocorrelation of Rimoni returns to help us make a trade decision. For example, suppose you find that Rimoni 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 |
Rimoni 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 Rimoni stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rimoni stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rimoni stock over time.
Current vs Lagged Prices |
| Timeline |
Rimoni Lagged Returns
When evaluating Rimoni's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rimoni stock have on its future price. Rimoni 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, Rimoni autocorrelation shows the relationship between Rimoni stock current value and its past values and can show if there is a momentum factor associated with investing in Rimoni.
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 Rimoni Stock
Rimoni financial ratios help investors to determine whether Rimoni 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 Rimoni with respect to the benefits of owning Rimoni security.