Brimag L (Israel) Market Value
| BRMG Stock | ILA 1,295 33.00 2.61% |
| Symbol | Brimag |
Brimag L '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 Brimag L'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 Brimag L.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Brimag L on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Brimag L or generate 0.0% return on investment in Brimag L over 570 days. Brimag L is related to or competes with El Al, Magic Software, Neto Malinda, Orbit Technologies, Aryt Industries, Nice, and Qualitau. Brimag Digital Age Ltd. imports, markets, and distributes home appliances and commercial air conditioning systems in Isr... More
Brimag L 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 Brimag L'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 Brimag L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.4 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 3.77 |
Brimag L Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brimag L's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brimag L's standard deviation. In reality, there are many statistical measures that can use Brimag L historical prices to predict the future Brimag L's volatility.| Risk Adjusted Performance | 0.0242 | |||
| Jensen Alpha | 0.0348 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3186 |
Brimag L Backtested Returns
Brimag L appears to be very steady, given 3 months investment horizon. Brimag L secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brimag L, which you can use to evaluate the volatility of the firm. Please makes use of Brimag L's Downside Deviation of 2.72, risk adjusted performance of 0.0242, and Mean Deviation of 2.03 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brimag L holds a performance score of 13. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brimag L's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brimag L is expected to be smaller as well. Please check Brimag L's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Brimag L's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Brimag L has modest predictability. Overlapping area represents the amount of predictability between Brimag L time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Brimag L price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Brimag L price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 16.8 K |
Brimag L lagged returns against current returns
Autocorrelation, which is Brimag L 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 Brimag L's stock expected returns. We can calculate the autocorrelation of Brimag L returns to help us make a trade decision. For example, suppose you find that Brimag L 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 |
Brimag L 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 Brimag L stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brimag L stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brimag L stock over time.
Current vs Lagged Prices |
| Timeline |
Brimag L Lagged Returns
When evaluating Brimag L's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brimag L stock have on its future price. Brimag L 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, Brimag L autocorrelation shows the relationship between Brimag L stock current value and its past values and can show if there is a momentum factor associated with investing in Brimag L.
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 Brimag Stock
Brimag L financial ratios help investors to determine whether Brimag 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 Brimag with respect to the benefits of owning Brimag L security.