Ashot Ashkelon (Israel) Market Value

ASHO Stock  ILA 2,760  25.00  0.91%   
Ashot Ashkelon's market value is the price at which a share of Ashot Ashkelon trades on a public exchange. It measures the collective expectations of Ashot Ashkelon Industries investors about its performance. Ashot Ashkelon is trading at 2760.00 as of the 28th of March 2024, a 0.91 percent increase since the beginning of the trading day. The stock's open price was 2735.0.
With this module, you can estimate the performance of a buy and hold strategy of Ashot Ashkelon Industries and determine expected loss or profit from investing in Ashot Ashkelon over a given investment horizon. Check out Ashot Ashkelon Correlation, Ashot Ashkelon Volatility and Ashot Ashkelon Alpha and Beta module to complement your research on Ashot Ashkelon.
Symbol

Please note, there is a significant difference between Ashot Ashkelon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashot Ashkelon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashot Ashkelon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ashot Ashkelon '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 Ashot Ashkelon'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 Ashot Ashkelon.
0.00
06/07/2022
No Change 0.00  0.0 
In 1 year 9 months and 23 days
03/28/2024
0.00
If you would invest  0.00  in Ashot Ashkelon on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Ashot Ashkelon Industries or generate 0.0% return on investment in Ashot Ashkelon over 660 days. Ashot Ashkelon is related to or competes with Nice, Bank Leumi, ICL Israel, Mizrahi Tefahot, Azrieli, Israel Discount, and Ormat Technologies. Ashot Ashkelon Industries Ltd. develops, manufactures, assembles, and supplies systems and components for aerospace, def... More

Ashot Ashkelon 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 Ashot Ashkelon'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 Ashot Ashkelon Industries upside and downside potential and time the market with a certain degree of confidence.

Ashot Ashkelon Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashot Ashkelon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashot Ashkelon's standard deviation. In reality, there are many statistical measures that can use Ashot Ashkelon historical prices to predict the future Ashot Ashkelon's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashot Ashkelon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
2,7562,7602,764
Details
Intrinsic
Valuation
LowRealHigh
2,3642,3683,036
Details
Naive
Forecast
LowNextHigh
2,6352,6392,643
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2,7062,7682,831
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ashot Ashkelon. Your research has to be compared to or analyzed against Ashot Ashkelon's peers to derive any actionable benefits. When done correctly, Ashot Ashkelon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ashot Ashkelon Industries.

Ashot Ashkelon Industries Backtested Returns

We consider Ashot Ashkelon very steady. Ashot Ashkelon Industries secures Sharpe Ratio (or Efficiency) of 0.0197, which signifies that the company had a 0.0197% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ashot Ashkelon Industries, which you can use to evaluate the volatility of the firm. Please confirm Ashot Ashkelon's mean deviation of 2.73, and Risk Adjusted Performance of 0.0586 to double-check if the risk estimate we provide is consistent with the expected return of 0.0849%. Ashot Ashkelon has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0216, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ashot Ashkelon are expected to decrease at a much lower rate. During the bear market, Ashot Ashkelon is likely to outperform the market. Ashot Ashkelon Industries right now shows a risk of 4.31%. Please confirm Ashot Ashkelon Industries semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Ashot Ashkelon Industries will be following its price patterns.

Auto-correlation

    
  -0.53  

Good reverse predictability

Ashot Ashkelon Industries has good reverse predictability. Overlapping area represents the amount of predictability between Ashot Ashkelon time series from 7th of June 2022 to 3rd of May 2023 and 3rd of May 2023 to 28th of March 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 Ashot Ashkelon Industries price movement. The serial correlation of -0.53 indicates that about 53.0% of current Ashot Ashkelon price fluctuation can be explain by its past prices.
Correlation Coefficient-0.53
Spearman Rank Test-0.52
Residual Average0.0
Price Variance251.5 K

Ashot Ashkelon Industries lagged returns against current returns

Autocorrelation, which is Ashot Ashkelon 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 Ashot Ashkelon's stock expected returns. We can calculate the autocorrelation of Ashot Ashkelon returns to help us make a trade decision. For example, suppose you find that Ashot Ashkelon 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  

Ashot Ashkelon 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 Ashot Ashkelon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashot Ashkelon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashot Ashkelon stock over time.
   Current vs Lagged Prices   
       Timeline  

Ashot Ashkelon Lagged Returns

When evaluating Ashot Ashkelon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashot Ashkelon stock have on its future price. Ashot Ashkelon 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, Ashot Ashkelon autocorrelation shows the relationship between Ashot Ashkelon stock current value and its past values and can show if there is a momentum factor associated with investing in Ashot Ashkelon Industries.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ashot Ashkelon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ashot Ashkelon's short interest history, or implied volatility extrapolated from Ashot Ashkelon options trading.

Pair Trading with Ashot Ashkelon

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ashot Ashkelon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ashot Ashkelon will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Ashot Ashkelon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashot Ashkelon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ashot Ashkelon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ashot Ashkelon Industries to buy it.
The correlation of Ashot Ashkelon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ashot Ashkelon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashot Ashkelon Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ashot Ashkelon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Ashot Ashkelon Correlation, Ashot Ashkelon Volatility and Ashot Ashkelon Alpha and Beta module to complement your research on Ashot Ashkelon.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Ashot Stock analysis

When running Ashot Ashkelon's price analysis, check to measure Ashot Ashkelon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashot Ashkelon is operating at the current time. Most of Ashot Ashkelon's value examination focuses on studying past and present price action to predict the probability of Ashot Ashkelon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashot Ashkelon's price. Additionally, you may evaluate how the addition of Ashot Ashkelon to your portfolios can decrease your overall portfolio volatility.
Fundamental Analysis
View fundamental data based on most recent published financial statements
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Ashot Ashkelon technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Ashot Ashkelon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ashot Ashkelon trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...