Phinergy (Israel) Market Value
| PNRG Stock | ILA 473.60 8.70 1.80% |
| Symbol | Phinergy |
Phinergy '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 Phinergy'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 Phinergy.
| 04/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in Phinergy on April 26, 2024 and sell it all today you would earn a total of 0.00 from holding Phinergy or generate 0.0% return on investment in Phinergy over 30 days. Phinergy is related to or competes with Opal Balance, B Communications, Mivne Real, Photomyne, M Yochananof, Israel Land, and Clal Biotechnology. Phinergy Ltd. develops clean and high energy-density systems based on metal-air technology More
Phinergy 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 Phinergy'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 Phinergy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 27.37 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 7.7 |
Phinergy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phinergy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phinergy's standard deviation. In reality, there are many statistical measures that can use Phinergy historical prices to predict the future Phinergy's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | 0.0307 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phinergy'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.
Phinergy Backtested Returns
We consider Phinergy very steady. Phinergy maintains Sharpe Ratio (i.e., Efficiency) of 0.0201, which implies the firm had a 0.0201% return per unit of risk over the last 3 months. We have found thirty technical indicators for Phinergy, which you can use to evaluate the volatility of the company. Please check Phinergy's Semi Deviation of 3.69, risk adjusted performance of 0.0109, and Coefficient Of Variation of 26768.56 to confirm if the risk estimate we provide is consistent with the expected return of 0.0768%. Phinergy has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Phinergy are expected to decrease at a much lower rate. During the bear market, Phinergy is likely to outperform the market. Phinergy right now holds a risk of 3.83%. Please check Phinergy coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Phinergy will be following its historical price patterns.
Auto-correlation | 0.42 |
Average predictability
Phinergy has average predictability. Overlapping area represents the amount of predictability between Phinergy time series from 26th of April 2024 to 11th of May 2024 and 11th of May 2024 to 26th of May 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 Phinergy price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Phinergy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 58.52 |
Phinergy lagged returns against current returns
Autocorrelation, which is Phinergy 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 Phinergy's stock expected returns. We can calculate the autocorrelation of Phinergy returns to help us make a trade decision. For example, suppose you find that Phinergy 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 |
Phinergy 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 Phinergy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phinergy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phinergy stock over time.
Current vs Lagged Prices |
| Timeline |
Phinergy Lagged Returns
When evaluating Phinergy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phinergy stock have on its future price. Phinergy 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, Phinergy autocorrelation shows the relationship between Phinergy stock current value and its past values and can show if there is a momentum factor associated with investing in Phinergy.
Regressed Prices |
| Timeline |
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Check out Phinergy Correlation, Phinergy Volatility and Phinergy Alpha and Beta module to complement your research on Phinergy. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Phinergy Stock analysis
When running Phinergy's price analysis, check to measure Phinergy'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 Phinergy is operating at the current time. Most of Phinergy's value examination focuses on studying past and present price action to predict the probability of Phinergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phinergy's price. Additionally, you may evaluate how the addition of Phinergy to your portfolios can decrease your overall portfolio volatility.
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Phinergy 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.