Eldav L (Israel) Market Value
| ELDAV Stock | ILS 266.30 0.30 0.11% |
| Symbol | Eldav |
Eldav 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 Eldav 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 Eldav L.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Eldav L on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Eldav L or generate 0.0% return on investment in Eldav L over 480 days. Eldav L is related to or competes with Bank Hapoalim, Israel Discount, Mizrahi Tefahot, Bezeq Israeli, and Elbit Systems. Eldav Investments Ltd is a private equity firm specializing in acquisition of mid to large sized companies More
Eldav 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 Eldav 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 Eldav L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | 0.0766 | |||
| Maximum Drawdown | 22.39 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 6.88 |
Eldav L Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eldav L's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eldav L's standard deviation. In reality, there are many statistical measures that can use Eldav L historical prices to predict the future Eldav L's volatility.| Risk Adjusted Performance | 0.098 | |||
| Jensen Alpha | 0.206 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0676 | |||
| Treynor Ratio | 0.2793 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eldav L's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eldav L Backtested Returns
Eldav L appears to be very steady, given 3 months investment horizon. Eldav L secures Sharpe Ratio (or Efficiency) of 0.0983, which denotes the company had a 0.0983% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Eldav L, which you can use to evaluate the volatility of the firm. Please utilize Eldav L's Downside Deviation of 3.58, mean deviation of 1.77, and Semi Deviation of 2.0 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eldav L holds a performance score of 7. The firm shows a Beta (market volatility) of 1.3, which means 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, Eldav L will likely underperform. Please check Eldav L's maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether Eldav L's price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Eldav L has very good predictability. Overlapping area represents the amount of predictability between Eldav L time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 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 Eldav L price movement. The serial correlation of 0.82 indicates that around 82.0% of current Eldav L price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 476.61 |
Eldav L lagged returns against current returns
Autocorrelation, which is Eldav 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 Eldav L's stock expected returns. We can calculate the autocorrelation of Eldav L returns to help us make a trade decision. For example, suppose you find that Eldav 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 |
Eldav 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 Eldav L stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eldav L stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eldav L stock over time.
Current vs Lagged Prices |
| Timeline |
Eldav L Lagged Returns
When evaluating Eldav L's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eldav L stock have on its future price. Eldav 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, Eldav L autocorrelation shows the relationship between Eldav L stock current value and its past values and can show if there is a momentum factor associated with investing in Eldav L.
Regressed Prices |
| Timeline |
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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.Additional Tools for Eldav Stock Analysis
When running Eldav L's price analysis, check to measure Eldav L's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eldav L is operating at the current time. Most of Eldav L's value examination focuses on studying past and present price action to predict the probability of Eldav L's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eldav L's price. Additionally, you may evaluate how the addition of Eldav L to your portfolios can decrease your overall portfolio volatility.