Ilex Medical (Israel) Market Value
| ILX Stock | 6,700 170.00 2.47% |
| Symbol | Ilex |
Ilex Medical '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 Ilex Medical'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 Ilex Medical.
| 02/26/2024 |
| 04/26/2024 |
If you would invest 0.00 in Ilex Medical on February 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ilex Medical or generate 0.0% return on investment in Ilex Medical over 60 days. Ilex Medical is related to or competes with Kamada, BioLine RX, Evogene, Bezeq Israeli, and Compugen. Ilex Medical Ltd engages in marketing, selling, and supporting equipment, disposables, and reagents for laboratories and... More
Ilex Medical 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 Ilex Medical'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 Ilex Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.1351 | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 2.69 |
Ilex Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ilex Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ilex Medical's standard deviation. In reality, there are many statistical measures that can use Ilex Medical historical prices to predict the future Ilex Medical's volatility.| Risk Adjusted Performance | 0.1281 | |||
| Jensen Alpha | 0.3051 | |||
| Total Risk Alpha | 0.0912 | |||
| Sortino Ratio | 0.1564 | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ilex Medical'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.
Ilex Medical Backtested Returns
Ilex Medical appears to be very steady, given 3 months investment horizon. Ilex Medical holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ilex Medical, which you can use to evaluate the volatility of the firm. Please utilize Ilex Medical's Market Risk Adjusted Performance of (0.76), downside deviation of 1.26, and Risk Adjusted Performance of 0.1281 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ilex Medical holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ilex Medical are expected to decrease at a much lower rate. During the bear market, Ilex Medical is likely to outperform the market. Please check Ilex Medical's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Ilex Medical's current trending patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Ilex Medical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ilex Medical time series from 26th of February 2024 to 27th of March 2024 and 27th of March 2024 to 26th 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 Ilex Medical price movement. The serial correlation of -0.79 indicates that around 79.0% of current Ilex Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 40.6 K |
Ilex Medical lagged returns against current returns
Autocorrelation, which is Ilex Medical 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 Ilex Medical's stock expected returns. We can calculate the autocorrelation of Ilex Medical returns to help us make a trade decision. For example, suppose you find that Ilex Medical 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 |
Ilex Medical 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 Ilex Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ilex Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ilex Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Ilex Medical Lagged Returns
When evaluating Ilex Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ilex Medical stock have on its future price. Ilex Medical 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, Ilex Medical autocorrelation shows the relationship between Ilex Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Ilex Medical.
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 Ilex Medical 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, Ilex Medical's short interest history, or implied volatility extrapolated from Ilex Medical options trading.
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Complementary Tools for Ilex Stock analysis
When running Ilex Medical's price analysis, check to measure Ilex Medical'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 Ilex Medical is operating at the current time. Most of Ilex Medical's value examination focuses on studying past and present price action to predict the probability of Ilex Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ilex Medical's price. Additionally, you may evaluate how the addition of Ilex Medical to your portfolios can decrease your overall portfolio volatility.
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Ilex Medical 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.