Multi Retail (Israel) Market Value
| MRG Stock | 1,121 24.00 2.19% |
| Symbol | Multi |
Multi Retail '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 Multi Retail'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 Multi Retail.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Multi Retail on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Multi Retail Group or generate 0.0% return on investment in Multi Retail over 60 days. Multi Retail is related to or competes with Brainsway, Mivne Real, Photomyne, Bezeq Israeli, ICL Israel, and Arad. More
Multi Retail 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 Multi Retail'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 Multi Retail Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.343 | |||
| Maximum Drawdown | 18.83 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 9.43 |
Multi Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi Retail's standard deviation. In reality, there are many statistical measures that can use Multi Retail historical prices to predict the future Multi Retail's volatility.| Risk Adjusted Performance | 0.299 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | 0.7825 | |||
| Sortino Ratio | 0.4723 | |||
| Treynor Ratio | 3.93 |
Multi Retail Group Backtested Returns
Multi Retail is very steady given 3 months investment horizon. Multi Retail Group has Sharpe Ratio of 0.45, which conveys that the firm had a 0.45% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.76% are justified by taking the suggested risk. Use Multi Retail Group Downside Deviation of 2.59, risk adjusted performance of 0.299, and Mean Deviation of 2.56 to evaluate company specific risk that cannot be diversified away. Multi Retail holds a performance score of 35 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Multi Retail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multi Retail is expected to be smaller as well. Use Multi Retail Group sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Multi Retail Group.
Auto-correlation | -0.08 |
Very weak reverse predictability
Multi Retail Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Multi Retail time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 Multi Retail Group price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Multi Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 352.96 |
Multi Retail Group lagged returns against current returns
Autocorrelation, which is Multi Retail 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 Multi Retail's stock expected returns. We can calculate the autocorrelation of Multi Retail returns to help us make a trade decision. For example, suppose you find that Multi Retail 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 |
Multi Retail 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 Multi Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi Retail stock over time.
Current vs Lagged Prices |
| Timeline |
Multi Retail Lagged Returns
When evaluating Multi Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi Retail stock have on its future price. Multi Retail 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, Multi Retail autocorrelation shows the relationship between Multi Retail stock current value and its past values and can show if there is a momentum factor associated with investing in Multi Retail Group.
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 Multi Stock
Multi Retail financial ratios help investors to determine whether Multi 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 Multi with respect to the benefits of owning Multi Retail security.