Elron Electronic (Israel) Market Value
| ELRN Stock | ILS 449.00 16.00 3.44% |
| Symbol | Elron |
Elron Electronic '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 Elron Electronic'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 Elron Electronic.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Elron Electronic on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Elron Electronic Industries or generate 0.0% return on investment in Elron Electronic over 30 days. Elron Electronic is related to or competes with Bank Hapoalim, Israel Discount, Bezeq Israeli, and Elbit Systems. Elron Electronic Industries Ltd., through its subsidiaries, provides technology products in the medical devices and cybe... More
Elron Electronic 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 Elron Electronic'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 Elron Electronic Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.29 | |||
| Information Ratio | 0.037 | |||
| Maximum Drawdown | 30.12 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 6.87 |
Elron Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elron Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elron Electronic's standard deviation. In reality, there are many statistical measures that can use Elron Electronic historical prices to predict the future Elron Electronic's volatility.| Risk Adjusted Performance | 0.0587 | |||
| Jensen Alpha | 0.3018 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0383 | |||
| Treynor Ratio | (1.78) |
Elron Electronic Ind Backtested Returns
Elron Electronic appears to be very steady, given 3 months investment horizon. Elron Electronic Ind secures Sharpe Ratio (or Efficiency) of 0.0518, which denotes the company had a 0.0518% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Elron Electronic Industries, which you can use to evaluate the volatility of the firm. Please utilize Elron Electronic's Coefficient Of Variation of 1516.61, downside deviation of 4.29, and Mean Deviation of 2.33 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elron Electronic holds a performance score of 4. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elron Electronic are expected to decrease at a much lower rate. During the bear market, Elron Electronic is likely to outperform the market. Please check Elron Electronic's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Elron Electronic's price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Elron Electronic Industries has modest predictability. Overlapping area represents the amount of predictability between Elron Electronic time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Elron Electronic Ind price movement. The serial correlation of 0.51 indicates that about 51.0% of current Elron Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1306.98 |
Elron Electronic Ind lagged returns against current returns
Autocorrelation, which is Elron Electronic 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 Elron Electronic's stock expected returns. We can calculate the autocorrelation of Elron Electronic returns to help us make a trade decision. For example, suppose you find that Elron Electronic 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 |
Elron Electronic 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 Elron Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elron Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elron Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Elron Electronic Lagged Returns
When evaluating Elron Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elron Electronic stock have on its future price. Elron Electronic 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, Elron Electronic autocorrelation shows the relationship between Elron Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Elron Electronic Industries.
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 Elron Stock
Elron Electronic financial ratios help investors to determine whether Elron 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 Elron with respect to the benefits of owning Elron Electronic security.