Petrochemical (Israel) Market Value
| PTCH Stock | ILS 287.20 2.00 0.70% |
| Symbol | Petrochemical |
Petrochemical '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 Petrochemical'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 Petrochemical.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Petrochemical on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Petrochemical or generate 0.0% return on investment in Petrochemical over 420 days. Petrochemical is related to or competes with One Software, Scope Metals, Unet Credit, Libra Insurance, Payment Financial, Harel Insurance, and Hiron Trade. Israel Petrochemical Enterprises Ltd., together with its subsidiaries, operates in the energy and petrochemical industry... More
Petrochemical 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 Petrochemical'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 Petrochemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.1 |
Petrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrochemical's standard deviation. In reality, there are many statistical measures that can use Petrochemical historical prices to predict the future Petrochemical's volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Petrochemical'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.
Petrochemical Backtested Returns
We consider Petrochemical very steady. Petrochemical maintains Sharpe Ratio (i.e., Efficiency) of 0.0079, which implies the firm had a 0.0079% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Petrochemical, which you can use to evaluate the volatility of the company. Please check Petrochemical's Coefficient Of Variation of (147,157), risk adjusted performance of 0.0068, and Variance of 4.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.0183%. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Petrochemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrochemical is expected to be smaller as well. Petrochemical right now holds a risk of 2.32%. Please check Petrochemical potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Petrochemical will be following its historical price patterns.
Auto-correlation | 0.30 |
Below average predictability
Petrochemical has below average predictability. Overlapping area represents the amount of predictability between Petrochemical time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 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 Petrochemical price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Petrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 267.77 |
Petrochemical lagged returns against current returns
Autocorrelation, which is Petrochemical 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 Petrochemical's stock expected returns. We can calculate the autocorrelation of Petrochemical returns to help us make a trade decision. For example, suppose you find that Petrochemical 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 |
Petrochemical 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 Petrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrochemical stock over time.
Current vs Lagged Prices |
| Timeline |
Petrochemical Lagged Returns
When evaluating Petrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrochemical stock have on its future price. Petrochemical 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, Petrochemical autocorrelation shows the relationship between Petrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Petrochemical.
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 Petrochemical 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, Petrochemical's short interest history, or implied volatility extrapolated from Petrochemical options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Petrochemical using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Petrochemical Correlation, Petrochemical Volatility and Petrochemical Alpha and Beta module to complement your research on Petrochemical. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Petrochemical Stock analysis
When running Petrochemical's price analysis, check to measure Petrochemical'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 Petrochemical is operating at the current time. Most of Petrochemical's value examination focuses on studying past and present price action to predict the probability of Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petrochemical's price. Additionally, you may evaluate how the addition of Petrochemical to your portfolios can decrease your overall portfolio volatility.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
Petrochemical 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.