Issta Lines (Israel) Market Value
| ISTA Stock | ILS 9,409 13.00 0.14% |
| Symbol | Issta |
Issta Lines '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 Issta Lines' 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 Issta Lines.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Issta Lines on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Issta Lines or generate 0.0% return on investment in Issta Lines over 720 days. Issta Lines is related to or competes with Fattal 1998, Israel Discount, Azrieli, Shufersal, and El Al. Issta Lines Ltd. provides travel and tourism services to private and business customers, groups, and organizations in Is... More
Issta Lines 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 Issta Lines' 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 Issta Lines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.2447 | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 4.17 |
Issta Lines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Issta Lines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Issta Lines' standard deviation. In reality, there are many statistical measures that can use Issta Lines historical prices to predict the future Issta Lines' volatility.| Risk Adjusted Performance | 0.224 | |||
| Jensen Alpha | 0.6646 | |||
| Total Risk Alpha | 0.3055 | |||
| Sortino Ratio | 0.2741 | |||
| Treynor Ratio | (9.62) |
Issta Lines Backtested Returns
Issta Lines appears to be very steady, given 3 months investment horizon. Issta Lines holds Efficiency (Sharpe) Ratio of 0.35, which attests that the entity had a 0.35% return per unit of risk over the last 3 months. By evaluating Issta Lines' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Issta Lines' Market Risk Adjusted Performance of (9.61), risk adjusted performance of 0.224, and Downside Deviation of 1.98 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Issta Lines holds a performance score of 27. The company retains a Market Volatility (i.e., Beta) of -0.0683, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Issta Lines are expected to decrease at a much lower rate. During the bear market, Issta Lines is likely to outperform the market. Please check Issta Lines' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Issta Lines' current trending patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Issta Lines has very good reverse predictability. Overlapping area represents the amount of predictability between Issta Lines time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Issta Lines price movement. The serial correlation of -0.66 indicates that around 66.0% of current Issta Lines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 731.6 K |
Issta Lines lagged returns against current returns
Autocorrelation, which is Issta Lines 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 Issta Lines' stock expected returns. We can calculate the autocorrelation of Issta Lines returns to help us make a trade decision. For example, suppose you find that Issta Lines 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 |
Issta Lines 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 Issta Lines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Issta Lines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Issta Lines stock over time.
Current vs Lagged Prices |
| Timeline |
Issta Lines Lagged Returns
When evaluating Issta Lines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Issta Lines stock have on its future price. Issta Lines 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, Issta Lines autocorrelation shows the relationship between Issta Lines stock current value and its past values and can show if there is a momentum factor associated with investing in Issta Lines.
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 Issta Stock
Issta Lines financial ratios help investors to determine whether Issta 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 Issta with respect to the benefits of owning Issta Lines security.