Michman Basad (Israel) Price on November 29, 2023
| MCMN Stock | ILA 21,000 820.00 4.06% |
If you're considering investing in Michman Stock, it is important to understand the factors that can impact its price. As of today, the current price of Michman Basad stands at 21,000, as last reported on the 27th of November, with the highest price reaching 21,020 and the lowest price hitting 20,380 during the day. Michman Basad appears to be very steady, given 3 months investment horizon. Michman Basad has Sharpe Ratio of 0.49, which conveys that the firm had a 0.49% return per unit of risk over the last 3 months. By analyzing Michman Basad's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please exercise Michman Basad's Mean Deviation of 0.9333, risk adjusted performance of 0.375, and Coefficient Of Variation of 206.13 to check out if our risk estimates are consistent with your expectations.
Michman Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Michman |
Sharpe Ratio = 0.4851
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Estimated Market Risk
| 1.3 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.49 actual daily | 38 62% of assets perform better |
Based on monthly moving average Michman Basad is performing at about 38% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Michman Basad by adding it to a well-diversified portfolio.
Michman Basad Valuation on November 29, 2023
It is possible to determine the worth of Michman Basad on a given historical date. On November 29, 2023 Michman was worth 15940.0 at the beginning of the trading date compared to the closed value of 15570.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Michman Basad stock. Still, in general, we apply an absolute valuation method to find Michman Basad's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Michman Basad where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Michman Basad's related companies.
| Open | High | Low | Close | Volume | |
| 15,600 | 15,600 | 15,360 | 15,580 | 156.00 | |
11/29/2023 | 15,940 | 15,940 | 15,560 | 15,570 | 378.00 |
| 15,570 | 15,570 | 15,510 | 15,550 | 3,354 |
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Michman Basad Trading Date Momentum on November 29, 2023
| On November 30 2023 Michman Basad was traded for 15,550 at the closing time. The highest price during the trading period was 15,570 and the lowest recorded bid was listed for 15,510 . The volume for the day was 3.4 K. This history from November 30, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.13% . The trading delta at closing time to the current price is 0.90% . |
Michman Basad Fundamentals Correlations and Trends
By evaluating Michman Basad's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Michman Basad's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Michman financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Michman Basad Stock history
Michman Basad investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Michman is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Michman Basad will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Michman Basad stock prices may prove useful in developing a viable investing in Michman Basad
MICHMAN BESD LTD engages in the provision of finance against the receipt of deferred credits written by third parties in favor of the company. The company was incorporated in 2015 and is based in Bnei Brak, Israel. MICHMAN BASAD is traded on Tel Aviv Stock Exchange in Israel.
Michman Basad Stock Technical Analysis
Michman Basad 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.
Price Boundaries
Michman Basad Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Michman Basad cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Michman Basad November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Michman Basad stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Michman Basad shares will generate the highest return on investment. By undertsting and applying Michman Basad stock market strength indicators, traders can identify Michman Basad entry and exit signals to maximize returns
Michman Basad Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Michman Basad's price direction in advance. Along with the technical and fundamental analysis of Michman Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Michman to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.375 | |||
| Jensen Alpha | 0.63 | |||
| Total Risk Alpha | 0.4154 | |||
| Sortino Ratio | 1.02 | |||
| Treynor Ratio | (7.36) |
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Complementary Tools for Michman Stock analysis
When running Michman Basad's price analysis, check to measure Michman Basad'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 Michman Basad is operating at the current time. Most of Michman Basad's value examination focuses on studying past and present price action to predict the probability of Michman Basad's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Michman Basad's price. Additionally, you may evaluate how the addition of Michman Basad to your portfolios can decrease your overall portfolio volatility.
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