Itay Financial (Israel) Market Value
| ITYF Stock | ILS 324.20 4.20 1.31% |
| Symbol | Itay |
Itay Financial '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 Itay Financial'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 Itay Financial.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Itay Financial on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Itay Financial AA or generate 0.0% return on investment in Itay Financial over 30 days. Itay Financial is related to or competes with Harel Insurance, Teuza A, Blender Financial, Gamatronic Electronic, Imed Infinity, Scope Metals, and Alrov Properties. Itay Financial A.A Investments Ltd provides various financial services to public and private companies in Israel More
Itay Financial 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 Itay Financial'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 Itay Financial AA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.91 | |||
| Information Ratio | 0.0777 | |||
| Maximum Drawdown | 41.85 | |||
| Value At Risk | (7.86) | |||
| Potential Upside | 11.11 |
Itay Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Itay Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Itay Financial's standard deviation. In reality, there are many statistical measures that can use Itay Financial historical prices to predict the future Itay Financial's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.4977 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0587 | |||
| Treynor Ratio | 0.8059 |
Itay Financial AA Backtested Returns
Itay Financial appears to be very steady, given 3 months investment horizon. Itay Financial AA holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. By evaluating Itay Financial's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Itay Financial's Downside Deviation of 7.91, market risk adjusted performance of 0.8159, and Risk Adjusted Performance of 0.0857 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Itay Financial holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Itay Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Itay Financial is expected to be smaller as well. Please check Itay Financial's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Itay Financial's current trending patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Itay Financial AA has modest reverse predictability. Overlapping area represents the amount of predictability between Itay Financial time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Itay Financial AA price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Itay Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 17.8 |
Itay Financial AA lagged returns against current returns
Autocorrelation, which is Itay Financial 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 Itay Financial's stock expected returns. We can calculate the autocorrelation of Itay Financial returns to help us make a trade decision. For example, suppose you find that Itay Financial 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 |
Itay Financial 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 Itay Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Itay Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Itay Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Itay Financial Lagged Returns
When evaluating Itay Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Itay Financial stock have on its future price. Itay Financial 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, Itay Financial autocorrelation shows the relationship between Itay Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Itay Financial AA.
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 Itay Stock
Itay Financial financial ratios help investors to determine whether Itay 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 Itay with respect to the benefits of owning Itay Financial security.