Bazan Oil (Israel) Market Value
ORL Stock | ILS 108.00 0.00 0.00% |
Symbol | Bazan |
Bazan Oil '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 Bazan Oil'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 Bazan Oil.
10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Bazan Oil on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Bazan Oil Refineries or generate 0.0% return on investment in Bazan Oil over 180 days. Bazan Oil is related to or competes with Fattal 1998, El Al, Bank Leumi, Teva Pharmaceutical, and Bezeq Israeli. Oil Refineries Ltd. engages in the production and sale of crude oil products in Israel and internationally More
Bazan Oil 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 Bazan Oil'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 Bazan Oil Refineries upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.06) | |||
Maximum Drawdown | 19.62 | |||
Value At Risk | (3.03) | |||
Potential Upside | 3.46 |
Bazan Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bazan Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bazan Oil's standard deviation. In reality, there are many statistical measures that can use Bazan Oil historical prices to predict the future Bazan Oil's volatility.Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.44) | |||
Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bazan Oil'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.
Bazan Oil Refineries Backtested Returns
Bazan Oil Refineries secures Sharpe Ratio (or Efficiency) of -0.0356, which signifies that the company had a -0.0356% return per unit of risk over the last 3 months. Bazan Oil Refineries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bazan Oil's Standard Deviation of 2.75, mean deviation of 1.76, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bazan Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bazan Oil is expected to be smaller as well. Bazan Oil Refineries has an expected return of -0.11%. Please make sure to confirm Bazan Oil Refineries maximum drawdown, and the relationship between the information ratio and accumulation distribution , to decide if Bazan Oil Refineries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Bazan Oil Refineries has virtually no predictability. Overlapping area represents the amount of predictability between Bazan Oil time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th 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 Bazan Oil Refineries price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Bazan Oil price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.06 | |
Spearman Rank Test | -0.3 | |
Residual Average | 0.0 | |
Price Variance | 124.68 |
Bazan Oil Refineries lagged returns against current returns
Autocorrelation, which is Bazan Oil 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 Bazan Oil's stock expected returns. We can calculate the autocorrelation of Bazan Oil returns to help us make a trade decision. For example, suppose you find that Bazan Oil 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 |
Bazan Oil 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 Bazan Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bazan Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bazan Oil stock over time.
Current vs Lagged Prices |
Timeline |
Bazan Oil Lagged Returns
When evaluating Bazan Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bazan Oil stock have on its future price. Bazan Oil 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, Bazan Oil autocorrelation shows the relationship between Bazan Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Bazan Oil Refineries.
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 Bazan Oil 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, Bazan Oil's short interest history, or implied volatility extrapolated from Bazan Oil options trading.
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Complementary Tools for Bazan Stock analysis
When running Bazan Oil's price analysis, check to measure Bazan Oil'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 Bazan Oil is operating at the current time. Most of Bazan Oil's value examination focuses on studying past and present price action to predict the probability of Bazan Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bazan Oil's price. Additionally, you may evaluate how the addition of Bazan Oil to your portfolios can decrease your overall portfolio volatility.
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