Michman Basad (Israel) Price on December 4, 2024
| MCMN Stock | ILA 24,810 450.00 1.85% |
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 24,810, as last reported on the 13th of December 2024, with the highest price reaching 24,870 and the lowest price hitting 24,780 during the day. Michman Basad appears to be very steady, given 3 months investment horizon. Michman Basad has Sharpe Ratio of 0.65, which conveys that the firm had a 0.65% 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 0.93% is justified by implied risk. Please exercise Michman Basad's Mean Deviation of 1.05, risk adjusted performance of 0.3586, and Coefficient Of Variation of 205.31 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 = 0.6466
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MCMN | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.43 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.93 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.65 actual daily | 50 50% of assets perform worse |
Based on monthly moving average Michman Basad is performing at about 50% 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 December 4, 2024
It is possible to determine the worth of Michman Basad on a given historical date. On December 4, 2024 Michman was worth 22550.0 at the beginning of the trading date compared to the closed value of 22990.0. 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 | |
| 21,970 | 22,550 | 21,970 | 22,550 | 950.00 | |
12/04/2024 | 22,550 | 23,600 | 22,550 | 22,990 | 237.00 |
| 22,990 | 23,100 | 22,990 | 23,030 | 312.00 |
| Backtest Michman Basad | | | Michman Basad History | | | Michman Basad Valuation | Previous | Next |
Michman Basad Trading Date Momentum on December 4, 2024
| On December 05 2024 Michman Basad was traded for 23,030 at the closing time. The highest price during the trading period was 23,100 and the lowest recorded bid was listed for 22,990 . The volume for the day was 312. This history from December 5, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.17% . The trading delta at closing time to the current price is 7.79% . |
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 | December 13, 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 December 13, 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 | 0.3586 | |||
| Jensen Alpha | 0.6976 | |||
| Total Risk Alpha | 0.4689 | |||
| Sortino Ratio | 0.6173 | |||
| Treynor Ratio | (1.91) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |