Rimoni (Israel) Market Value
| RIMO Stock | ILA 5,346 0.00 0.00% |
| Symbol | Rimoni |
Rimoni '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 Rimoni'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 Rimoni.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Rimoni on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Rimoni or generate 0.0% return on investment in Rimoni over 720 days. Rimoni is related to or competes with Rami Levi, Kamada, Tadiran Hldg, Maytronics, and Neto ME. Rimoni Industries Ltd. engages in the design, engineering, and manufacturing of molds, and precise injection molding and... More
Rimoni 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 Rimoni'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 Rimoni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.55 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 4.57 |
Rimoni Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rimoni's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rimoni's standard deviation. In reality, there are many statistical measures that can use Rimoni historical prices to predict the future Rimoni's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0184 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1721 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rimoni'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.
Rimoni Backtested Returns
We consider Rimoni very steady. Rimoni maintains Sharpe Ratio (i.e., Efficiency) of 0.024, which implies the firm had a 0.024% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Rimoni, which you can use to evaluate the volatility of the company. Please check Rimoni's Semi Deviation of 1.26, coefficient of variation of 4169.2, and Risk Adjusted Performance of 0.0214 to confirm if the risk estimate we provide is consistent with the expected return of 0.0441%. Rimoni has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rimoni's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rimoni is expected to be smaller as well. Rimoni right now holds a risk of 1.84%. Please check Rimoni jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Rimoni will be following its historical price patterns.
Auto-correlation | 0.09 |
Virtually no predictability
Rimoni has virtually no predictability. Overlapping area represents the amount of predictability between Rimoni time series from 4th of May 2022 to 29th of April 2023 and 29th of April 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 Rimoni price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Rimoni price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 179.3 K |
Rimoni lagged returns against current returns
Autocorrelation, which is Rimoni 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 Rimoni's stock expected returns. We can calculate the autocorrelation of Rimoni returns to help us make a trade decision. For example, suppose you find that Rimoni 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 |
Rimoni 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 Rimoni stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rimoni stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rimoni stock over time.
Current vs Lagged Prices |
| Timeline |
Rimoni Lagged Returns
When evaluating Rimoni's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rimoni stock have on its future price. Rimoni 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, Rimoni autocorrelation shows the relationship between Rimoni stock current value and its past values and can show if there is a momentum factor associated with investing in Rimoni.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Rimoni Correlation, Rimoni Volatility and Rimoni Alpha and Beta module to complement your research on Rimoni. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Rimoni Stock analysis
When running Rimoni's price analysis, check to measure Rimoni'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 Rimoni is operating at the current time. Most of Rimoni's value examination focuses on studying past and present price action to predict the probability of Rimoni's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rimoni's price. Additionally, you may evaluate how the addition of Rimoni to your portfolios can decrease your overall portfolio volatility.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Rimoni 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.