Bank Hapoalim (Israel) Market Value
| POLI Stock | ILA 3,262 38.00 1.18% |
| Symbol | Bank |
Bank Hapoalim '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 Bank Hapoalim'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 Bank Hapoalim.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Bank Hapoalim on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bank Hapoalim or generate 0.0% return on investment in Bank Hapoalim over 30 days. Bank Hapoalim is related to or competes with Bank Leumi, Mizrahi Tefahot, Bezeq Israeli, and Elbit Systems. Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Isra... More
Bank Hapoalim 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 Bank Hapoalim'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 Bank Hapoalim upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.8 |
Bank Hapoalim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Hapoalim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Hapoalim's standard deviation. In reality, there are many statistical measures that can use Bank Hapoalim historical prices to predict the future Bank Hapoalim's volatility.| Risk Adjusted Performance | 0.007 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0622 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank Hapoalim'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.
Bank Hapoalim Backtested Returns
We consider Bank Hapoalim very steady. Bank Hapoalim secures Sharpe Ratio (or Efficiency) of 0.0938, which signifies that the company had a 0.0938% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank Hapoalim, which you can use to evaluate the volatility of the firm. Please confirm Bank Hapoalim's Downside Deviation of 1.43, risk adjusted performance of 0.007, and Mean Deviation of 1.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Bank Hapoalim has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank Hapoalim are expected to decrease at a much lower rate. During the bear market, Bank Hapoalim is likely to outperform the market. Bank Hapoalim right now shows a risk of 1.64%. Please confirm Bank Hapoalim sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Bank Hapoalim will be following its price patterns.
Auto-correlation | 0.33 |
Below average predictability
Bank Hapoalim has below average predictability. Overlapping area represents the amount of predictability between Bank Hapoalim time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Bank Hapoalim price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Bank Hapoalim price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 4039.19 |
Bank Hapoalim lagged returns against current returns
Autocorrelation, which is Bank Hapoalim 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 Bank Hapoalim's stock expected returns. We can calculate the autocorrelation of Bank Hapoalim returns to help us make a trade decision. For example, suppose you find that Bank Hapoalim 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 |
Bank Hapoalim 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 Bank Hapoalim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Hapoalim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Hapoalim stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Hapoalim Lagged Returns
When evaluating Bank Hapoalim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Hapoalim stock have on its future price. Bank Hapoalim 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, Bank Hapoalim autocorrelation shows the relationship between Bank Hapoalim stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Hapoalim.
Regressed Prices |
| Timeline |
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Check out Bank Hapoalim Correlation, Bank Hapoalim Volatility and Bank Hapoalim Alpha and Beta module to complement your research on Bank Hapoalim. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Bank Stock analysis
When running Bank Hapoalim's price analysis, check to measure Bank Hapoalim'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 Bank Hapoalim is operating at the current time. Most of Bank Hapoalim's value examination focuses on studying past and present price action to predict the probability of Bank Hapoalim's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank Hapoalim's price. Additionally, you may evaluate how the addition of Bank Hapoalim to your portfolios can decrease your overall portfolio volatility.
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Bank Hapoalim 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.