ES Australia (Israel) Market Value
| AUIS Stock | 945.40 9.40 0.98% |
| Symbol | AUIS |
ES Australia '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 ES Australia'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 ES Australia.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ES Australia on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ES Australia Israel or generate 0.0% return on investment in ES Australia over 30 days. ES Australia is related to or competes with Global Knafaim, Altshuler Shaham, Clal Insurance, Amanet Management, Dan Hotels, Scope Metals, and Harel Insurance. More
ES Australia 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 ES Australia'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 ES Australia Israel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 4.77 |
ES Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ES Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ES Australia's standard deviation. In reality, there are many statistical measures that can use ES Australia historical prices to predict the future ES Australia's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.2382 |
ES Australia Israel Backtested Returns
ES Australia Israel retains Efficiency (Sharpe Ratio) of -0.0693, which denotes the company had a -0.0693% return per unit of price deviation over the last 3 months. ES Australia exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ES Australia's Information Ratio of (0.09), market risk adjusted performance of 0.2482, and Standard Deviation of 2.82 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ES Australia are expected to decrease at a much lower rate. During the bear market, ES Australia is likely to outperform the market. At this point, ES Australia Israel has a negative expected return of -0.21%. Please make sure to confirm ES Australia's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if ES Australia Israel performance from the past will be repeated sooner or later.
Auto-correlation | -0.59 |
Good reverse predictability
ES Australia Israel has good reverse predictability. Overlapping area represents the amount of predictability between ES Australia time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 ES Australia Israel price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current ES Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 727.26 |
ES Australia Israel lagged returns against current returns
Autocorrelation, which is ES Australia 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 ES Australia's stock expected returns. We can calculate the autocorrelation of ES Australia returns to help us make a trade decision. For example, suppose you find that ES Australia 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 |
ES Australia 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 ES Australia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ES Australia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ES Australia stock over time.
Current vs Lagged Prices |
| Timeline |
ES Australia Lagged Returns
When evaluating ES Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ES Australia stock have on its future price. ES Australia 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, ES Australia autocorrelation shows the relationship between ES Australia stock current value and its past values and can show if there is a momentum factor associated with investing in ES Australia Israel.
Regressed Prices |
| Timeline |
Also Currently Popular
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 AUIS Stock
ES Australia financial ratios help investors to determine whether AUIS 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 AUIS with respect to the benefits of owning ES Australia security.