Internet Gold (Israel) Market Value
| IGLD-M Stock | 766.90 116.90 17.98% |
| Symbol | Internet |
Internet Gold '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 Internet Gold'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 Internet Gold.
| 03/25/2024 |
| 05/24/2024 |
If you would invest 0.00 in Internet Gold on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Internet Gold or generate 0.0% return on investment in Internet Gold over 60 days. Internet Gold is related to or competes with Nice, Bank Leumi, ICL Israel, Mizrahi Tefahot, Azrieli, Elbit Systems, and Israel Discount. More
Internet Gold 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 Internet Gold'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 Internet Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.78 | |||
| Information Ratio | 0.1227 | |||
| Maximum Drawdown | 7303.43 | |||
| Value At Risk | (9.36) | |||
| Potential Upside | 15.51 |
Internet Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Internet Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Internet Gold's standard deviation. In reality, there are many statistical measures that can use Internet Gold historical prices to predict the future Internet Gold's volatility.| Risk Adjusted Performance | 0.0829 | |||
| Jensen Alpha | 105.66 | |||
| Total Risk Alpha | 39.1 | |||
| Sortino Ratio | 4.27 | |||
| Treynor Ratio | 1.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Internet Gold'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.
Internet Gold Backtested Returns
Internet Gold is out of control given 3 months investment horizon. Internet Gold holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 20.78% are justified by taking the suggested risk. Use Internet Gold Risk Adjusted Performance of 0.0829, downside deviation of 25.78, and Market Risk Adjusted Performance of 1.17 to evaluate company specific risk that cannot be diversified away. Internet Gold holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 95.0, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Internet Gold will likely underperform. Use Internet Gold sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to analyze future returns on Internet Gold .
Auto-correlation | 0.69 |
Good predictability
Internet Gold has good predictability. Overlapping area represents the amount of predictability between Internet Gold time series from 25th of March 2024 to 24th of April 2024 and 24th of April 2024 to 24th 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 Internet Gold price movement. The serial correlation of 0.69 indicates that around 69.0% of current Internet Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 8878.2 |
Internet Gold lagged returns against current returns
Autocorrelation, which is Internet Gold 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 Internet Gold's stock expected returns. We can calculate the autocorrelation of Internet Gold returns to help us make a trade decision. For example, suppose you find that Internet Gold 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 |
Internet Gold 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 Internet Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Internet Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Internet Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Internet Gold Lagged Returns
When evaluating Internet Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Internet Gold stock have on its future price. Internet Gold 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, Internet Gold autocorrelation shows the relationship between Internet Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Internet Gold .
Regressed Prices |
| Timeline |
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Check out Internet Gold Correlation, Internet Gold Volatility and Internet Gold Alpha and Beta module to complement your research on Internet Gold. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Internet Stock analysis
When running Internet Gold's price analysis, check to measure Internet Gold'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 Internet Gold is operating at the current time. Most of Internet Gold's value examination focuses on studying past and present price action to predict the probability of Internet Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Internet Gold's price. Additionally, you may evaluate how the addition of Internet Gold to your portfolios can decrease your overall portfolio volatility.
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Internet Gold 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.