Scope Metals (Israel) Market Value
| SCOP Stock | ILA 13,770 190.00 1.36% |
| Symbol | Scope |
Scope Metals '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 Scope Metals' 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 Scope Metals.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Scope Metals on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Scope Metals Group or generate 0.0% return on investment in Scope Metals over 720 days. Scope Metals is related to or competes with Delek Automotive, Kerur Holdings, Neto ME, Bank Leumi, and Globrands. Scope Metals Group Ltd. stores, processes, and delivers metal and plastic worldwide More
Scope Metals 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 Scope Metals' 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 Scope Metals Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0769 | |||
| Maximum Drawdown | 11.65 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.93 |
Scope Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scope Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scope Metals' standard deviation. In reality, there are many statistical measures that can use Scope Metals historical prices to predict the future Scope Metals' volatility.| Risk Adjusted Performance | 0.1059 | |||
| Jensen Alpha | 0.3068 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.092 | |||
| Treynor Ratio | (4.37) |
Scope Metals Group Backtested Returns
Scope Metals appears to be very steady, given 3 months investment horizon. Scope Metals Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the firm had a 0.28% return per unit of risk over the last 3 months. By inspecting Scope Metals' technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Scope Metals' Semi Deviation of 1.82, risk adjusted performance of 0.1059, and Coefficient Of Variation of 772.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scope Metals holds a performance score of 21. The entity has a beta of -0.0684, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scope Metals are expected to decrease at a much lower rate. During the bear market, Scope Metals is likely to outperform the market. Please check Scope Metals' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Scope Metals' existing price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Scope Metals Group has weak reverse predictability. Overlapping area represents the amount of predictability between Scope Metals 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 Scope Metals Group price movement. The serial correlation of -0.21 indicates that over 21.0% of current Scope Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 796.7 K |
Scope Metals Group lagged returns against current returns
Autocorrelation, which is Scope Metals 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 Scope Metals' stock expected returns. We can calculate the autocorrelation of Scope Metals returns to help us make a trade decision. For example, suppose you find that Scope Metals 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 |
Scope Metals 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 Scope Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scope Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scope Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Scope Metals Lagged Returns
When evaluating Scope Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scope Metals stock have on its future price. Scope Metals 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, Scope Metals autocorrelation shows the relationship between Scope Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Scope Metals Group.
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 Scope Stock
Scope Metals financial ratios help investors to determine whether Scope 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 Scope with respect to the benefits of owning Scope Metals security.