Ludan Engineering (Israel) Market Value
| LUDN Stock | ILS 1,664 4.00 0.24% |
| Symbol | Ludan |
Ludan Engineering '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 Ludan Engineering'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 Ludan Engineering.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Ludan Engineering on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ludan Engineering Co or generate 0.0% return on investment in Ludan Engineering over 30 days. Ludan Engineering is related to or competes with Al Bad, Gan Shmuel, and Analyst IMS. It offers engineering, procurement, construction supervision, and project management services, as well as turn-key proje... More
Ludan Engineering 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 Ludan Engineering'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 Ludan Engineering Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.1184 | |||
| Maximum Drawdown | 11.2 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.29 |
Ludan Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ludan Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ludan Engineering's standard deviation. In reality, there are many statistical measures that can use Ludan Engineering historical prices to predict the future Ludan Engineering's volatility.| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.2294 | |||
| Total Risk Alpha | 0.0682 | |||
| Sortino Ratio | 0.119 | |||
| Treynor Ratio | 0.8161 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ludan Engineering'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.
Ludan Engineering Backtested Returns
Ludan Engineering appears to be very steady, given 3 months investment horizon. Ludan Engineering has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ludan Engineering, which you can use to evaluate the volatility of the firm. Please exercise Ludan Engineering's Downside Deviation of 1.49, risk adjusted performance of 0.1132, and Mean Deviation of 0.9731 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ludan Engineering holds a performance score of 15. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ludan Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ludan Engineering is expected to be smaller as well. Please check Ludan Engineering's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ludan Engineering's current price movements will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Ludan Engineering Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ludan Engineering 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 Ludan Engineering price movement. The serial correlation of -0.73 indicates that around 73.0% of current Ludan Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2798.4 |
Ludan Engineering lagged returns against current returns
Autocorrelation, which is Ludan Engineering 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 Ludan Engineering's stock expected returns. We can calculate the autocorrelation of Ludan Engineering returns to help us make a trade decision. For example, suppose you find that Ludan Engineering 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 |
Ludan Engineering 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 Ludan Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ludan Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ludan Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Ludan Engineering Lagged Returns
When evaluating Ludan Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ludan Engineering stock have on its future price. Ludan Engineering 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, Ludan Engineering autocorrelation shows the relationship between Ludan Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Ludan Engineering Co.
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 Ludan Engineering 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, Ludan Engineering's short interest history, or implied volatility extrapolated from Ludan Engineering options trading.
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When running Ludan Engineering's price analysis, check to measure Ludan Engineering'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 Ludan Engineering is operating at the current time. Most of Ludan Engineering's value examination focuses on studying past and present price action to predict the probability of Ludan Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ludan Engineering's price. Additionally, you may evaluate how the addition of Ludan Engineering to your portfolios can decrease your overall portfolio volatility.
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Ludan Engineering 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.