Bayside Land (Israel) Market Value
| BYSD Stock | ILS 3,110 6.00 0.19% |
| Symbol | Bayside |
Bayside Land '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 Bayside Land'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 Bayside Land.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bayside Land on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bayside Land or generate 0.0% return on investment in Bayside Land over 30 days. Bayside Land is related to or competes with Azrieli, Delek, and Israel Discount. Bayside Land Corporation Ltd operates as a real estate company in Israel More
Bayside Land 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 Bayside Land'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 Bayside Land upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.011 | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.62 |
Bayside Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bayside Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bayside Land's standard deviation. In reality, there are many statistical measures that can use Bayside Land historical prices to predict the future Bayside Land's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.125 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0141 | |||
| Treynor Ratio | 1.78 |
Bayside Land Backtested Returns
At this point, Bayside Land is very steady. Bayside Land secures Sharpe Ratio (or Efficiency) of 0.0587, which signifies that the company had a 0.0587% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bayside Land, which you can use to evaluate the volatility of the firm. Please confirm Bayside Land's Risk Adjusted Performance of 0.0717, downside deviation of 1.3, and Mean Deviation of 1.25 to double-check if the risk estimate we provide is consistent with the expected return of 0.0889%. Bayside Land has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.075, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bayside Land's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bayside Land is expected to be smaller as well. Bayside Land right now shows a risk of 1.51%. Please confirm Bayside Land treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Bayside Land will be following its price patterns.
Auto-correlation | -0.81 |
Excellent reverse predictability
Bayside Land has excellent reverse predictability. Overlapping area represents the amount of predictability between Bayside Land time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Bayside Land price movement. The serial correlation of -0.81 indicates that around 81.0% of current Bayside Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 7698.05 |
Bayside Land lagged returns against current returns
Autocorrelation, which is Bayside Land 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 Bayside Land's stock expected returns. We can calculate the autocorrelation of Bayside Land returns to help us make a trade decision. For example, suppose you find that Bayside Land 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 |
Bayside Land 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 Bayside Land stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bayside Land stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bayside Land stock over time.
Current vs Lagged Prices |
| Timeline |
Bayside Land Lagged Returns
When evaluating Bayside Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bayside Land stock have on its future price. Bayside Land 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, Bayside Land autocorrelation shows the relationship between Bayside Land stock current value and its past values and can show if there is a momentum factor associated with investing in Bayside Land.
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 Bayside Stock
Bayside Land financial ratios help investors to determine whether Bayside 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 Bayside with respect to the benefits of owning Bayside Land security.