Edri El (Israel) Market Value
| EDRL Stock | ILS 17.80 1.40 7.29% |
| Symbol | Edri |
Edri El '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 Edri El'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 Edri El.
| 06/15/2024 |
| 12/12/2024 |
If you would invest 0.00 in Edri El on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding Edri El or generate 0.0% return on investment in Edri El over 180 days. Edri El is related to or competes with Electreon Wireless, Scope Metals, Meitav Dash, Israel China, Netz Hotels, Hiron Trade, and Discount Investment. Edri-El Israel Assets Ltd. initiates, develops, constructs, leases, manages, and maintains commercial investment propert... More
Edri El 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 Edri El'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 Edri El upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 27.97 | |||
| Value At Risk | (7.29) | |||
| Potential Upside | 8.23 |
Edri El Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edri El's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edri El's standard deviation. In reality, there are many statistical measures that can use Edri El historical prices to predict the future Edri El's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.37) |
Edri El Backtested Returns
Edri El secures Sharpe Ratio (or Efficiency) of -0.0827, which denotes the company had a -0.0827% return per unit of risk over the last 3 months. Edri El exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edri El's Standard Deviation of 5.11, mean deviation of 2.99, and Variance of 26.13 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Edri El's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edri El is expected to be smaller as well. At this point, Edri El has a negative expected return of -0.36%. Please make sure to confirm Edri El's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Edri El performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Edri El has below average predictability. Overlapping area represents the amount of predictability between Edri El time series from 15th of June 2024 to 13th of September 2024 and 13th of September 2024 to 12th of December 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 Edri El price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Edri El price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 3.19 |
Edri El lagged returns against current returns
Autocorrelation, which is Edri El 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 Edri El's stock expected returns. We can calculate the autocorrelation of Edri El returns to help us make a trade decision. For example, suppose you find that Edri El 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 |
Edri El 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 Edri El stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edri El stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edri El stock over time.
Current vs Lagged Prices |
| Timeline |
Edri El Lagged Returns
When evaluating Edri El's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edri El stock have on its future price. Edri El 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, Edri El autocorrelation shows the relationship between Edri El stock current value and its past values and can show if there is a momentum factor associated with investing in Edri El.
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 Edri Stock
Edri El financial ratios help investors to determine whether Edri 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 Edri with respect to the benefits of owning Edri El security.