ZMH Hammerman (Israel) Market Value
| ZMH Stock | ILA 2,911 40.00 1.39% |
| Symbol | ZMH |
ZMH Hammerman '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 ZMH Hammerman'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 ZMH Hammerman.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in ZMH Hammerman on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding ZMH Hammerman or generate 0.0% return on investment in ZMH Hammerman over 30 days. ZMH Hammerman is related to or competes with Migdal Insurance, Phoenix Holdings, Harel Insurance, Clal Insurance, Bank Leumi, Elco, and Shufersal. Z.M.H Hammerman Ltd operates as a real estate company in Israel More
ZMH Hammerman 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 ZMH Hammerman'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 ZMH Hammerman upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 13.22 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.15 |
ZMH Hammerman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZMH Hammerman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZMH Hammerman's standard deviation. In reality, there are many statistical measures that can use ZMH Hammerman historical prices to predict the future ZMH Hammerman's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | 0.0241 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1112 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZMH Hammerman'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.
ZMH Hammerman Backtested Returns
ZMH Hammerman appears to be very steady, given 3 months investment horizon. ZMH Hammerman shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ZMH Hammerman, which you can use to evaluate the volatility of the company. Please utilize ZMH Hammerman's Risk Adjusted Performance of 0.0226, downside deviation of 2.55, and Mean Deviation of 1.83 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZMH Hammerman holds a performance score of 8. The firm maintains a market beta of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZMH Hammerman's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZMH Hammerman is expected to be smaller as well. Please check ZMH Hammerman's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether ZMH Hammerman's historical returns will revert.
Auto-correlation | 0.49 |
Average predictability
ZMH Hammerman has average predictability. Overlapping area represents the amount of predictability between ZMH Hammerman time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 ZMH Hammerman price movement. The serial correlation of 0.49 indicates that about 49.0% of current ZMH Hammerman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 4576.49 |
ZMH Hammerman lagged returns against current returns
Autocorrelation, which is ZMH Hammerman 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 ZMH Hammerman's stock expected returns. We can calculate the autocorrelation of ZMH Hammerman returns to help us make a trade decision. For example, suppose you find that ZMH Hammerman 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 |
ZMH Hammerman 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 ZMH Hammerman stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZMH Hammerman stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZMH Hammerman stock over time.
Current vs Lagged Prices |
| Timeline |
ZMH Hammerman Lagged Returns
When evaluating ZMH Hammerman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZMH Hammerman stock have on its future price. ZMH Hammerman 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, ZMH Hammerman autocorrelation shows the relationship between ZMH Hammerman stock current value and its past values and can show if there is a momentum factor associated with investing in ZMH Hammerman.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out ZMH Hammerman Correlation, ZMH Hammerman Volatility and ZMH Hammerman Alpha and Beta module to complement your research on ZMH Hammerman. Note that the ZMH Hammerman information on this page should be used as a complementary analysis to other ZMH Hammerman's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for ZMH Stock analysis
When running ZMH Hammerman's price analysis, check to measure ZMH Hammerman'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 ZMH Hammerman is operating at the current time. Most of ZMH Hammerman's value examination focuses on studying past and present price action to predict the probability of ZMH Hammerman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZMH Hammerman's price. Additionally, you may evaluate how the addition of ZMH Hammerman to your portfolios can decrease your overall portfolio volatility.
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ZMH Hammerman 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.