TAT Technologies (Israel) Market Value
| TATT Stock | ILS 8,240 40.00 0.49% |
| Symbol | TAT |
TAT Technologies '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 TAT Technologies' 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 TAT Technologies.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in TAT Technologies on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding TAT Technologies or generate 0.0% return on investment in TAT Technologies over 30 days. TAT Technologies is related to or competes with Bet Shemesh, Orbit Technologies, Tower Semiconductor, Elron Electronic, and Elbit Systems. TAT Technologies Ltd., together with its subsidiaries, provides various solutions and services to the commercial and mil... More
TAT Technologies 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 TAT Technologies' 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 TAT Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.2166 | |||
| Maximum Drawdown | 16.37 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 4.7 |
TAT Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAT Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAT Technologies' standard deviation. In reality, there are many statistical measures that can use TAT Technologies historical prices to predict the future TAT Technologies' volatility.| Risk Adjusted Performance | 0.2113 | |||
| Jensen Alpha | 0.7918 | |||
| Total Risk Alpha | 0.2635 | |||
| Sortino Ratio | 0.2224 | |||
| Treynor Ratio | (1.28) |
TAT Technologies Backtested Returns
TAT Technologies appears to be very steady, given 3 months investment horizon. TAT Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the company had a 0.27% return per unit of standard deviation over the last 3 months. By examining TAT Technologies' technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review TAT Technologies' Market Risk Adjusted Performance of (1.27), risk adjusted performance of 0.2113, and Downside Deviation of 2.66 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TAT Technologies holds a performance score of 20. The firm has a beta of -0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TAT Technologies are expected to decrease at a much lower rate. During the bear market, TAT Technologies is likely to outperform the market. Please check TAT Technologies' treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether TAT Technologies' existing price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
TAT Technologies has weak predictability. Overlapping area represents the amount of predictability between TAT Technologies time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 TAT Technologies price movement. The serial correlation of 0.23 indicates that over 23.0% of current TAT Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 55.8 K |
TAT Technologies lagged returns against current returns
Autocorrelation, which is TAT Technologies 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 TAT Technologies' stock expected returns. We can calculate the autocorrelation of TAT Technologies returns to help us make a trade decision. For example, suppose you find that TAT Technologies 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 |
TAT Technologies 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 TAT Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAT Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAT Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
TAT Technologies Lagged Returns
When evaluating TAT Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAT Technologies stock have on its future price. TAT Technologies 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, TAT Technologies autocorrelation shows the relationship between TAT Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in TAT Technologies.
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 TAT Stock
TAT Technologies financial ratios help investors to determine whether TAT 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 TAT with respect to the benefits of owning TAT Technologies security.