El Al (Israel) Market Value
| ELAL Stock | 846.50 12.20 1.46% |
| Symbol | ELAL |
El Al '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 El Al'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 El Al.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in El Al on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding El Al Israel or generate 0.0% return on investment in El Al over 420 days. El Al is related to or competes with Delek, Teva Pharmaceutical, Fattal 1998, Bank Leumi, and Bezeq Israeli. El Al Israel Airlines Ltd., together with its subsidiaries, provides passengers and cargo transportation services More
El Al 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 El Al'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 El Al Israel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.2948 | |||
| Maximum Drawdown | 14.31 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 5.04 |
El Al Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for El Al's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as El Al's standard deviation. In reality, there are many statistical measures that can use El Al historical prices to predict the future El Al's volatility.| Risk Adjusted Performance | 0.2601 | |||
| Jensen Alpha | 0.981 | |||
| Total Risk Alpha | 0.5935 | |||
| Sortino Ratio | 0.2486 | |||
| Treynor Ratio | 21.66 |
El Al Israel Backtested Returns
El Al appears to be very steady, given 3 months investment horizon. El Al Israel retains Efficiency (Sharpe Ratio) of 0.24, which denotes the company had a 0.24% return per unit of price deviation over the last 3 months. By reviewing El Al's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize El Al's Downside Deviation of 3.56, standard deviation of 3.01, and Market Risk Adjusted Performance of 21.67 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, El Al holds a performance score of 19. The firm owns a Beta (Systematic Risk) of 0.0455, which means not very significant fluctuations relative to the market. As returns on the market increase, El Al's returns are expected to increase less than the market. However, during the bear market, the loss of holding El Al is expected to be smaller as well. Please check El Al's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether El Al's current price history will revert.
Auto-correlation | 0.87 |
Very good predictability
El Al Israel has very good predictability. Overlapping area represents the amount of predictability between El Al time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 El Al Israel price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current El Al price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 15.6 K |
El Al Israel lagged returns against current returns
Autocorrelation, which is El Al 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 El Al's stock expected returns. We can calculate the autocorrelation of El Al returns to help us make a trade decision. For example, suppose you find that El Al 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 |
El Al 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 El Al stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if El Al stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in El Al stock over time.
Current vs Lagged Prices |
| Timeline |
El Al Lagged Returns
When evaluating El Al's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of El Al stock have on its future price. El Al 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, El Al autocorrelation shows the relationship between El Al stock current value and its past values and can show if there is a momentum factor associated with investing in El Al 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 ELAL Stock
El Al financial ratios help investors to determine whether ELAL 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 ELAL with respect to the benefits of owning El Al security.