Lachish (Israel) Market Value
| LHIS Stock | ILS 2,440 0.00 0.00% |
| Symbol | Lachish |
Lachish '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 Lachish'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 Lachish.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Lachish on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Lachish or generate 0.0% return on investment in Lachish over 30 days. Lachish is related to or competes with Al Bad, Gan Shmuel, and Analyst IMS. Lachish Industries Ltd. manufactures and sells cattle feeding machinery in Israel More
Lachish 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 Lachish'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 Lachish upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 3.3 |
Lachish Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lachish's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lachish's standard deviation. In reality, there are many statistical measures that can use Lachish historical prices to predict the future Lachish's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | 0.095 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lachish'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.
Lachish Backtested Returns
We consider Lachish very steady. Lachish has Sharpe Ratio of 0.0458, which conveys that the firm had a 0.0458% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Lachish, which you can use to evaluate the volatility of the firm. Please verify Lachish's Downside Deviation of 2.41, mean deviation of 1.19, and Risk Adjusted Performance of 0.0313 to check out if the risk estimate we provide is consistent with the expected return of 0.088%. Lachish has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lachish are expected to decrease at a much lower rate. During the bear market, Lachish is likely to outperform the market. Lachish right now secures a risk of 1.92%. Please verify Lachish semi deviation, variance, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Lachish will be following its current price movements.
Auto-correlation | -0.34 |
Poor reverse predictability
Lachish has poor reverse predictability. Overlapping area represents the amount of predictability between Lachish time series from 24th of March 2024 to 8th of April 2024 and 8th of April 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 Lachish price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Lachish price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 963.21 |
Lachish lagged returns against current returns
Autocorrelation, which is Lachish 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 Lachish's stock expected returns. We can calculate the autocorrelation of Lachish returns to help us make a trade decision. For example, suppose you find that Lachish 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 |
Lachish 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 Lachish stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lachish stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lachish stock over time.
Current vs Lagged Prices |
| Timeline |
Lachish Lagged Returns
When evaluating Lachish's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lachish stock have on its future price. Lachish 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, Lachish autocorrelation shows the relationship between Lachish stock current value and its past values and can show if there is a momentum factor associated with investing in Lachish.
Regressed Prices |
| Timeline |
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When running Lachish's price analysis, check to measure Lachish'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 Lachish is operating at the current time. Most of Lachish's value examination focuses on studying past and present price action to predict the probability of Lachish's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lachish's price. Additionally, you may evaluate how the addition of Lachish to your portfolios can decrease your overall portfolio volatility.
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