Arena Star (Israel) Market Value
| ARNA Stock | ILS 196.50 3.30 1.65% |
| Symbol | Arena |
Arena Star '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 Arena Star'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 Arena Star.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Arena Star on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Arena Star Group or generate 0.0% return on investment in Arena Star over 180 days. Arena Star is related to or competes with Multi Retail, Veridis Environment, Magic Software, Clal Biotechnology, RSL Electronics, and Global Knafaim. Arena Star Group Ltd. engages in the real estate activities in Israel and Kazakhstan More
Arena Star 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 Arena Star'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 Arena Star Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.06 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 2.65 |
Arena Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arena Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arena Star's standard deviation. In reality, there are many statistical measures that can use Arena Star historical prices to predict the future Arena Star's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 19.11 |
Arena Star Group Backtested Returns
Arena Star Group secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Arena Star Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arena Star's risk adjusted performance of (0.05), and Mean Deviation of 1.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0077, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Arena Star are expected to decrease at a much lower rate. During the bear market, Arena Star is likely to outperform the market. At this point, Arena Star Group has a negative expected return of -0.31%. Please make sure to confirm Arena Star's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Arena Star Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Arena Star Group has weak reverse predictability. Overlapping area represents the amount of predictability between Arena Star time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Arena Star Group price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Arena Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 78.19 |
Arena Star Group lagged returns against current returns
Autocorrelation, which is Arena Star 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 Arena Star's stock expected returns. We can calculate the autocorrelation of Arena Star returns to help us make a trade decision. For example, suppose you find that Arena Star 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 |
Arena Star 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 Arena Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arena Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arena Star stock over time.
Current vs Lagged Prices |
| Timeline |
Arena Star Lagged Returns
When evaluating Arena Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arena Star stock have on its future price. Arena Star 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, Arena Star autocorrelation shows the relationship between Arena Star stock current value and its past values and can show if there is a momentum factor associated with investing in Arena Star Group.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Arena Stock
Arena Star financial ratios help investors to determine whether Arena Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Arena with respect to the benefits of owning Arena Star security.