Equital (Israel) Market Value
| EQTL Stock | 15,340 100.00 0.65% |
| Symbol | Equital |
Equital '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 Equital'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 Equital.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Equital on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Equital or generate 0.0% return on investment in Equital over 30 days. Equital is related to or competes with Airport City, Naphtha, Menora Miv, Delek Automotive, and Harel Insurance. Equital Ltd., through its subsidiaries, engages in the real estate, oil and gas, and residential construction businesses... More
Equital 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 Equital'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 Equital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | 0.1875 | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 4.69 |
Equital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equital's standard deviation. In reality, there are many statistical measures that can use Equital historical prices to predict the future Equital's volatility.| Risk Adjusted Performance | 0.1691 | |||
| Jensen Alpha | 0.4909 | |||
| Total Risk Alpha | 0.2665 | |||
| Sortino Ratio | 0.2311 | |||
| Treynor Ratio | 2.51 |
Equital Backtested Returns
Equital appears to be very steady, given 3 months investment horizon. Equital secures Sharpe Ratio (or Efficiency) of 0.32, which denotes the company had a 0.32% return per unit of risk over the last 3 months. By reviewing Equital's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Equital's Mean Deviation of 1.72, coefficient of variation of 445.05, and Downside Deviation of 1.86 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Equital holds a performance score of 25. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Equital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equital is expected to be smaller as well. Please check Equital's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Equital's price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Equital has below average predictability. Overlapping area represents the amount of predictability between Equital time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Equital price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Equital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 157.6 K |
Equital lagged returns against current returns
Autocorrelation, which is Equital 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 Equital's stock expected returns. We can calculate the autocorrelation of Equital returns to help us make a trade decision. For example, suppose you find that Equital 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 |
Equital 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 Equital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equital stock over time.
Current vs Lagged Prices |
| Timeline |
Equital Lagged Returns
When evaluating Equital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equital stock have on its future price. Equital 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, Equital autocorrelation shows the relationship between Equital stock current value and its past values and can show if there is a momentum factor associated with investing in Equital.
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 Equital Stock
Equital financial ratios help investors to determine whether Equital 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 Equital with respect to the benefits of owning Equital security.