Israel Discount Bank Stock Market Value
| ISDAY Stock | USD 58.19 0.00 0.00% |
| Symbol | Israel |
Israel Discount '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 Israel Discount's pink sheet 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 Israel Discount.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Israel Discount on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Israel Discount Bank or generate 0.0% return on investment in Israel Discount over 30 days. Israel Discount is related to or competes with Baraboo Bancorporation, Schweizerische Nationalbank, Danske Bank, Absa Group, Jyske Bank, Bridgewater Bancshares, and Southern BancShares. Israel Discount Bank Limited, together with its subsidiaries, provides various banking and financial services in Israel,... More
Israel Discount 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 Israel Discount's pink sheet 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 Israel Discount Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0377 | |||
| Maximum Drawdown | 10.56 |
Israel Discount Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Israel Discount's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Israel Discount's standard deviation. In reality, there are many statistical measures that can use Israel Discount historical prices to predict the future Israel Discount's volatility.| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 0.1468 | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.9153 |
Israel Discount Bank Backtested Returns
At this stage we consider Israel Pink Sheet to be very steady. Israel Discount Bank holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Israel Discount Bank, which you can use to evaluate the volatility of the firm. Please check out Israel Discount's Standard Deviation of 1.33, market risk adjusted performance of 0.9253, and Risk Adjusted Performance of 0.1071 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Israel Discount has a performance score of 11 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Israel Discount's returns are expected to increase less than the market. However, during the bear market, the loss of holding Israel Discount is expected to be smaller as well. Israel Discount Bank right now retains a risk of 1.34%. Please check out Israel Discount treynor ratio and day median price , to decide if Israel Discount will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Israel Discount Bank has no correlation between past and present. Overlapping area represents the amount of predictability between Israel Discount time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Israel Discount Bank price movement. The serial correlation of 0.0 indicates that just 0.0% of current Israel Discount price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Israel Discount Bank lagged returns against current returns
Autocorrelation, which is Israel Discount pink sheet'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 Israel Discount's pink sheet expected returns. We can calculate the autocorrelation of Israel Discount returns to help us make a trade decision. For example, suppose you find that Israel Discount has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Israel Discount 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 Israel Discount pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Israel Discount pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Israel Discount pink sheet over time.
Current vs Lagged Prices |
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Israel Discount Lagged Returns
When evaluating Israel Discount's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Israel Discount pink sheet have on its future price. Israel Discount 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, Israel Discount autocorrelation shows the relationship between Israel Discount pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Israel Discount Bank.
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.Additional Tools for Israel Pink Sheet Analysis
When running Israel Discount's price analysis, check to measure Israel Discount'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 Israel Discount is operating at the current time. Most of Israel Discount's value examination focuses on studying past and present price action to predict the probability of Israel Discount's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Israel Discount's price. Additionally, you may evaluate how the addition of Israel Discount to your portfolios can decrease your overall portfolio volatility.