Birman Wood (Israel) Market Value
| BIRM Stock | 900.00 38.10 4.06% |
| Symbol | Birman |
Birman Wood '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 Birman Wood'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 Birman Wood.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Birman Wood on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Birman Wood and or generate 0.0% return on investment in Birman Wood over 30 days. Birman Wood is related to or competes with Ralco Agencies, Danel, Ram On, Neto ME, and Rimoni. Birman Wood Hardware Ltd imports, produces, and markets wood panels, hardware products, kitchen electrical appliances, a... More
Birman Wood 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 Birman Wood'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 Birman Wood and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.43 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 48.92 | |||
| Value At Risk | (6.65) | |||
| Potential Upside | 7.13 |
Birman Wood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Birman Wood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Birman Wood's standard deviation. In reality, there are many statistical measures that can use Birman Wood historical prices to predict the future Birman Wood's volatility.| Risk Adjusted Performance | 0.0242 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0892 |
Birman Wood Backtested Returns
Birman Wood appears to be very steady, given 3 months investment horizon. Birman Wood secures Sharpe Ratio (or Efficiency) of 0.0361, which signifies that the company had a 0.0361% return per unit of risk over the last 3 months. We have found thirty technical indicators for Birman Wood and, which you can use to evaluate the volatility of the firm. Please makes use of Birman Wood's Downside Deviation of 4.43, mean deviation of 3.23, and Risk Adjusted Performance of 0.0242 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Birman Wood holds a performance score of 2. The firm shows a Beta (market volatility) of 1.24, which signifies 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, Birman Wood will likely underperform. Please check Birman Wood's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Birman Wood's price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Birman Wood and has modest predictability. Overlapping area represents the amount of predictability between Birman Wood time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Birman Wood price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Birman Wood price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 1628.11 |
Birman Wood lagged returns against current returns
Autocorrelation, which is Birman Wood 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 Birman Wood's stock expected returns. We can calculate the autocorrelation of Birman Wood returns to help us make a trade decision. For example, suppose you find that Birman Wood 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 |
Birman Wood 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 Birman Wood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Birman Wood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Birman Wood stock over time.
Current vs Lagged Prices |
| Timeline |
Birman Wood Lagged Returns
When evaluating Birman Wood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Birman Wood stock have on its future price. Birman Wood 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, Birman Wood autocorrelation shows the relationship between Birman Wood stock current value and its past values and can show if there is a momentum factor associated with investing in Birman Wood and.
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 Birman Stock
Birman Wood financial ratios help investors to determine whether Birman 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 Birman with respect to the benefits of owning Birman Wood security.