Ginegar (Israel) Market Value
| GNGR Stock | ILS 950.00 71.60 8.15% |
| Symbol | Ginegar |
Ginegar '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 Ginegar'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 Ginegar.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Ginegar on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ginegar or generate 0.0% return on investment in Ginegar over 60 days. Ginegar is related to or competes with Neto ME, Aryt Industries, Kerur Holdings, Globrands, and Scope Metals. Ginegar Plastic Products Ltd. produces and sells advanced films for various agricultural and non-agricultural applicatio... More
Ginegar 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 Ginegar'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 Ginegar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.0381 | |||
| Maximum Drawdown | 18.8 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 3.99 |
Ginegar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ginegar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ginegar's standard deviation. In reality, there are many statistical measures that can use Ginegar historical prices to predict the future Ginegar's volatility.| Risk Adjusted Performance | 0.0506 | |||
| Jensen Alpha | 0.1466 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.4429 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ginegar'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.
Ginegar Backtested Returns
Ginegar appears to be very steady, given 3 months investment horizon. Ginegar holds Efficiency (Sharpe) Ratio of 0.0759, which attests that the entity had a 0.0759% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ginegar, which you can use to evaluate the volatility of the firm. Please utilize Ginegar's Risk Adjusted Performance of 0.0506, market risk adjusted performance of 0.4529, and Downside Deviation of 2.81 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ginegar holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ginegar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ginegar is expected to be smaller as well. Please check Ginegar's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Ginegar's current trending patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Ginegar has modest reverse predictability. Overlapping area represents the amount of predictability between Ginegar time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 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 Ginegar price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Ginegar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1269.69 |
Ginegar lagged returns against current returns
Autocorrelation, which is Ginegar 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 Ginegar's stock expected returns. We can calculate the autocorrelation of Ginegar returns to help us make a trade decision. For example, suppose you find that Ginegar 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 |
Ginegar 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 Ginegar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ginegar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ginegar stock over time.
Current vs Lagged Prices |
| Timeline |
Ginegar Lagged Returns
When evaluating Ginegar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ginegar stock have on its future price. Ginegar 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, Ginegar autocorrelation shows the relationship between Ginegar stock current value and its past values and can show if there is a momentum factor associated with investing in Ginegar.
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 Ginegar 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, Ginegar's short interest history, or implied volatility extrapolated from Ginegar options trading.
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Complementary Tools for Ginegar Stock analysis
When running Ginegar's price analysis, check to measure Ginegar'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 Ginegar is operating at the current time. Most of Ginegar's value examination focuses on studying past and present price action to predict the probability of Ginegar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ginegar's price. Additionally, you may evaluate how the addition of Ginegar to your portfolios can decrease your overall portfolio volatility.
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Ginegar 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.