Michman Basad (Israel) Market Value
| MCMN Stock | ILA 20,040 30.00 0.15% |
| Symbol | Michman |
Michman Basad '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 Michman Basad'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 Michman Basad.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Michman Basad on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Michman Basad or generate 0.0% return on investment in Michman Basad over 390 days. Michman Basad is related to or competes with Isracard, Menif Financial, MLRN Projects, Bull Trading, and Blender Financial. MICHMAN BESD LTD engages in the provision of finance against the receipt of deferred credits written by third parties in... More
Michman Basad 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 Michman Basad'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 Michman Basad upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.0784 | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 2.82 |
Michman Basad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Michman Basad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Michman Basad's standard deviation. In reality, there are many statistical measures that can use Michman Basad historical prices to predict the future Michman Basad's volatility.| Risk Adjusted Performance | 0.1356 | |||
| Jensen Alpha | 0.2336 | |||
| Total Risk Alpha | 0.0089 | |||
| Sortino Ratio | 0.0733 | |||
| Treynor Ratio | (14.21) |
Michman Basad Backtested Returns
Michman Basad appears to be very steady, given 3 months investment horizon. Michman Basad has Sharpe Ratio of 0.43, which conveys that the firm had a 0.43% return per unit of risk over the last 3 months. By analyzing Michman Basad's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Michman Basad's Downside Deviation of 1.51, mean deviation of 0.8927, and Risk Adjusted Performance of 0.1356 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Michman Basad holds a performance score of 34. The company secures a Beta (Market Risk) of -0.0163, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Michman Basad are expected to decrease at a much lower rate. During the bear market, Michman Basad is likely to outperform the market. Please check Michman Basad's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Michman Basad's current price movements will revert.
Auto-correlation | 0.83 |
Very good predictability
Michman Basad has very good predictability. Overlapping area represents the amount of predictability between Michman Basad time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Michman Basad price movement. The serial correlation of 0.83 indicates that around 83.0% of current Michman Basad price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 M |
Michman Basad lagged returns against current returns
Autocorrelation, which is Michman Basad 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 Michman Basad's stock expected returns. We can calculate the autocorrelation of Michman Basad returns to help us make a trade decision. For example, suppose you find that Michman Basad 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 |
Michman Basad 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 Michman Basad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Michman Basad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Michman Basad stock over time.
Current vs Lagged Prices |
| Timeline |
Michman Basad Lagged Returns
When evaluating Michman Basad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Michman Basad stock have on its future price. Michman Basad 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, Michman Basad autocorrelation shows the relationship between Michman Basad stock current value and its past values and can show if there is a momentum factor associated with investing in Michman Basad.
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 Michman Stock
Michman Basad financial ratios help investors to determine whether Michman 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 Michman with respect to the benefits of owning Michman Basad security.