Menora Miv (Israel) Market Value

MMHD Stock  ILS 13,430  20.00  0.15%   
Menora Miv's market value is the price at which a share of Menora Miv trades on a public exchange. It measures the collective expectations of Menora Miv Hld investors about its performance. Menora Miv is trading at 13430.00 as of the 26th of November 2024, a 0.15 percent decrease since the beginning of the trading day. The stock's open price was 13450.0.
With this module, you can estimate the performance of a buy and hold strategy of Menora Miv Hld and determine expected loss or profit from investing in Menora Miv over a given investment horizon. Check out Menora Miv Correlation, Menora Miv Volatility and Menora Miv Alpha and Beta module to complement your research on Menora Miv.
Symbol

Please note, there is a significant difference between Menora Miv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Menora Miv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Menora Miv's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Menora Miv '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 Menora Miv'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 Menora Miv.
0.00
12/07/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/26/2024
0.00
If you would invest  0.00  in Menora Miv on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Menora Miv Hld or generate 0.0% return on investment in Menora Miv over 720 days. Menora Miv is related to or competes with Harel Insurance, Migdal Insurance, Clal Insurance, Phoenix Holdings, and Israel Discount. Menora Mivtachim Holdings Ltd operates in insurance and finance sectors in Israel More

Menora Miv 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 Menora Miv'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 Menora Miv Hld upside and downside potential and time the market with a certain degree of confidence.

Menora Miv Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Menora Miv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Menora Miv's standard deviation. In reality, there are many statistical measures that can use Menora Miv historical prices to predict the future Menora Miv's volatility.
Hype
Prediction
LowEstimatedHigh
13,44813,45013,452
Details
Intrinsic
Valuation
LowRealHigh
12,10514,62714,629
Details

Menora Miv Hld Backtested Returns

Menora Miv appears to be very steady, given 3 months investment horizon. Menora Miv Hld has Sharpe Ratio of 0.37, which conveys that the firm had a 0.37% return per unit of risk over the last 3 months. By analyzing Menora Miv's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Menora Miv's Mean Deviation of 1.64, downside deviation of 1.86, and Risk Adjusted Performance of 0.1984 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Menora Miv holds a performance score of 29. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Menora Miv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Menora Miv is expected to be smaller as well. Please check Menora Miv's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Menora Miv's current price movements will revert.

Auto-correlation

    
  0.46  

Average predictability

Menora Miv Hld has average predictability. Overlapping area represents the amount of predictability between Menora Miv time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Menora Miv Hld price movement. The serial correlation of 0.46 indicates that about 46.0% of current Menora Miv price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.62
Residual Average0.0
Price Variance1.3 M

Menora Miv Hld lagged returns against current returns

Autocorrelation, which is Menora Miv 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 Menora Miv's stock expected returns. We can calculate the autocorrelation of Menora Miv returns to help us make a trade decision. For example, suppose you find that Menora Miv 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  

Menora Miv 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 Menora Miv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Menora Miv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Menora Miv stock over time.
   Current vs Lagged Prices   
       Timeline  

Menora Miv Lagged Returns

When evaluating Menora Miv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Menora Miv stock have on its future price. Menora Miv 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, Menora Miv autocorrelation shows the relationship between Menora Miv stock current value and its past values and can show if there is a momentum factor associated with investing in Menora Miv Hld.
   Regressed Prices   
       Timeline  

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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 Menora Stock

Menora Miv financial ratios help investors to determine whether Menora 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 Menora with respect to the benefits of owning Menora Miv security.