MeguREIT Israel (Israel) Market Value
| MGRT Stock | 527.30 2.90 0.55% |
| Symbol | MeguREIT |
MeguREIT Israel '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 MeguREIT Israel'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 MeguREIT Israel.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in MeguREIT Israel on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding MeguREIT Israel or generate 0.0% return on investment in MeguREIT Israel over 270 days. MeguREIT Israel is related to or competes with Reit 1, Sella Real, Menivim New, Azrieli, and Mivne Real. More
MeguREIT Israel 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 MeguREIT Israel'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 MeguREIT Israel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.1294 | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.9 |
MeguREIT Israel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MeguREIT Israel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MeguREIT Israel's standard deviation. In reality, there are many statistical measures that can use MeguREIT Israel historical prices to predict the future MeguREIT Israel's volatility.| Risk Adjusted Performance | 0.1441 | |||
| Jensen Alpha | 0.4538 | |||
| Total Risk Alpha | 0.0463 | |||
| Sortino Ratio | 0.1944 | |||
| Treynor Ratio | 5.19 |
MeguREIT Israel Backtested Returns
MeguREIT Israel appears to be very steady, given 3 months investment horizon. MeguREIT Israel has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% return per unit of risk over the last 3 months. By analyzing MeguREIT Israel's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please exercise MeguREIT Israel's Downside Deviation of 1.77, mean deviation of 1.49, and Risk Adjusted Performance of 0.1441 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MeguREIT Israel holds a performance score of 20. The company secures a Beta (Market Risk) of 0.0896, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MeguREIT Israel's returns are expected to increase less than the market. However, during the bear market, the loss of holding MeguREIT Israel is expected to be smaller as well. Please check MeguREIT Israel's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether MeguREIT Israel's current price movements will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
MeguREIT Israel has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MeguREIT Israel time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 MeguREIT Israel price movement. The serial correlation of -0.75 indicates that around 75.0% of current MeguREIT Israel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1650.83 |
MeguREIT Israel lagged returns against current returns
Autocorrelation, which is MeguREIT Israel 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 MeguREIT Israel's stock expected returns. We can calculate the autocorrelation of MeguREIT Israel returns to help us make a trade decision. For example, suppose you find that MeguREIT Israel 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 |
MeguREIT Israel 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 MeguREIT Israel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MeguREIT Israel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MeguREIT Israel stock over time.
Current vs Lagged Prices |
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MeguREIT Israel Lagged Returns
When evaluating MeguREIT Israel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MeguREIT Israel stock have on its future price. MeguREIT Israel 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, MeguREIT Israel autocorrelation shows the relationship between MeguREIT Israel stock current value and its past values and can show if there is a momentum factor associated with investing in MeguREIT Israel.
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 MeguREIT Stock
MeguREIT Israel financial ratios help investors to determine whether MeguREIT 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 MeguREIT with respect to the benefits of owning MeguREIT Israel security.