Phoenix Holdings (Israel) Market Value
| PHOE Stock | ILS 3,530 58.00 1.67% |
| Symbol | Phoenix |
Phoenix Holdings '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 Phoenix Holdings' 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 Phoenix Holdings.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Phoenix Holdings on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding The Phoenix Holdings or generate 0.0% return on investment in Phoenix Holdings over 90 days. Phoenix Holdings is related to or competes with Harel Insurance, Migdal Insurance, Menora Miv, Israel Discount, and Bank Leumi. The Phoenix Holdings Ltd provides various insurance products in Israel More
Phoenix Holdings 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 Phoenix Holdings' 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 The Phoenix Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.35 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 3.59 |
Phoenix Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phoenix Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phoenix Holdings' standard deviation. In reality, there are many statistical measures that can use Phoenix Holdings historical prices to predict the future Phoenix Holdings' volatility.| Risk Adjusted Performance | (0.0003) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phoenix Holdings' 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.
Phoenix Holdings Backtested Returns
Phoenix Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0082, which implies the firm had a -0.0082% return per unit of risk over the last 3 months. Phoenix Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phoenix Holdings' Market Risk Adjusted Performance of (0.05), coefficient of variation of (8,225), and Variance of 4.64 to confirm the risk estimate we provide. The company holds a Beta of 0.61, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Phoenix Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Phoenix Holdings is expected to be smaller as well. Phoenix Holdings has an expected return of -0.0175%. Please make sure to check Phoenix Holdings standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Phoenix Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
The Phoenix Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Phoenix Holdings time series from 24th of January 2024 to 9th of March 2024 and 9th 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 Phoenix Holdings price movement. The serial correlation of -0.46 indicates that about 46.0% of current Phoenix Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 11 K |
Phoenix Holdings lagged returns against current returns
Autocorrelation, which is Phoenix Holdings 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 Phoenix Holdings' stock expected returns. We can calculate the autocorrelation of Phoenix Holdings returns to help us make a trade decision. For example, suppose you find that Phoenix Holdings 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 |
Phoenix Holdings 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 Phoenix Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phoenix Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phoenix Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Phoenix Holdings Lagged Returns
When evaluating Phoenix Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phoenix Holdings stock have on its future price. Phoenix Holdings 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, Phoenix Holdings autocorrelation shows the relationship between Phoenix Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in The Phoenix Holdings.
Regressed Prices |
| Timeline |
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Check out Phoenix Holdings Correlation, Phoenix Holdings Volatility and Phoenix Holdings Alpha and Beta module to complement your research on Phoenix Holdings. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Phoenix Stock analysis
When running Phoenix Holdings' price analysis, check to measure Phoenix Holdings' 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 Phoenix Holdings is operating at the current time. Most of Phoenix Holdings' value examination focuses on studying past and present price action to predict the probability of Phoenix Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Holdings' price. Additionally, you may evaluate how the addition of Phoenix Holdings to your portfolios can decrease your overall portfolio volatility.
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Phoenix Holdings 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.