Electreon Wireless (Israel) Market Value
| ELWS Stock | 18,820 380.00 1.98% |
| Symbol | Electreon |
Electreon Wireless '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 Electreon Wireless' 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 Electreon Wireless.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Electreon Wireless on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Electreon Wireless or generate 0.0% return on investment in Electreon Wireless over 30 days. Electreon Wireless is related to or competes with Shapir Engineering, Electra, Shikun Binui, Levinstein Eng, Oron Group, El Mor, and Baran. More
Electreon Wireless 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 Electreon Wireless' 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 Electreon Wireless upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.8 | |||
| Information Ratio | 0.0109 | |||
| Maximum Drawdown | 23.26 | |||
| Value At Risk | (7.31) | |||
| Potential Upside | 7.68 |
Electreon Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electreon Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electreon Wireless' standard deviation. In reality, there are many statistical measures that can use Electreon Wireless historical prices to predict the future Electreon Wireless' volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.1393 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.01 | |||
| Treynor Ratio | 0.7223 |
Electreon Wireless Backtested Returns
Electreon Wireless appears to be very steady, given 3 months investment horizon. Electreon Wireless secures Sharpe Ratio (or Efficiency) of 0.0727, which denotes the company had a 0.0727% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Electreon Wireless, which you can use to evaluate the volatility of the firm. Please utilize Electreon Wireless' Mean Deviation of 3.27, coefficient of variation of 2503.99, and Downside Deviation of 4.8 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Electreon Wireless holds a performance score of 5. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Electreon Wireless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Electreon Wireless is expected to be smaller as well. Please check Electreon Wireless' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Electreon Wireless' price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Electreon Wireless has weak reverse predictability. Overlapping area represents the amount of predictability between Electreon Wireless 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 Electreon Wireless price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Electreon Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 3.6 M |
Electreon Wireless lagged returns against current returns
Autocorrelation, which is Electreon Wireless 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 Electreon Wireless' stock expected returns. We can calculate the autocorrelation of Electreon Wireless returns to help us make a trade decision. For example, suppose you find that Electreon Wireless 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 |
Electreon Wireless 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 Electreon Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electreon Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electreon Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Electreon Wireless Lagged Returns
When evaluating Electreon Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electreon Wireless stock have on its future price. Electreon Wireless 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, Electreon Wireless autocorrelation shows the relationship between Electreon Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Electreon Wireless.
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.Other Information on Investing in Electreon Stock
Electreon Wireless financial ratios help investors to determine whether Electreon 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 Electreon with respect to the benefits of owning Electreon Wireless security.