MEITAV INVESTMENTS's market value is the price at which a share of MEITAV INVESTMENTS trades on a public exchange. It measures the collective expectations of MEITAV INVESTMENTS HOUSE investors about its performance. MEITAV INVESTMENTS is trading at 2797.00 as of the 27th of November 2024, a 5.27 percent up since the beginning of the trading day. The stock's open price was 2657.0. With this module, you can estimate the performance of a buy and hold strategy of MEITAV INVESTMENTS HOUSE and determine expected loss or profit from investing in MEITAV INVESTMENTS over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
MEITAV
MEITAV INVESTMENTS '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 MEITAV INVESTMENTS'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 MEITAV INVESTMENTS.
0.00
08/29/2024
No Change 0.00
0.0
In 3 months and 1 day
11/27/2024
0.00
If you would invest 0.00 in MEITAV INVESTMENTS on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding MEITAV INVESTMENTS HOUSE or generate 0.0% return on investment in MEITAV INVESTMENTS over 90 days.
MEITAV INVESTMENTS 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 MEITAV INVESTMENTS'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 MEITAV INVESTMENTS HOUSE upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEITAV INVESTMENTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEITAV INVESTMENTS's standard deviation. In reality, there are many statistical measures that can use MEITAV INVESTMENTS historical prices to predict the future MEITAV INVESTMENTS's volatility.
MEITAV INVESTMENTS appears to be very steady, given 3 months investment horizon. MEITAV INVESTMENTS HOUSE has Sharpe Ratio of 0.38, which conveys that the firm had a 0.38% return per unit of volatility over the last 3 months. By evaluating MEITAV INVESTMENTS's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please exercise MEITAV INVESTMENTS's risk adjusted performance of 0.2583, and Mean Deviation of 1.77 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MEITAV INVESTMENTS holds a performance score of 30. The company secures a Beta (Market Risk) of 0.0879, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MEITAV INVESTMENTS's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEITAV INVESTMENTS is expected to be smaller as well. Please check MEITAV INVESTMENTS's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether MEITAV INVESTMENTS's current price movements will revert.
Auto-correlation
0.48
Average predictability
MEITAV INVESTMENTS HOUSE has average predictability. Overlapping area represents the amount of predictability between MEITAV INVESTMENTS time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 MEITAV INVESTMENTS HOUSE price movement. The serial correlation of 0.48 indicates that about 48.0% of current MEITAV INVESTMENTS price fluctuation can be explain by its past prices.
Correlation Coefficient
0.48
Spearman Rank Test
0.5
Residual Average
0.0
Price Variance
79.4 K
MEITAV INVESTMENTS HOUSE lagged returns against current returns
Autocorrelation, which is MEITAV INVESTMENTS 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 MEITAV INVESTMENTS's stock expected returns. We can calculate the autocorrelation of MEITAV INVESTMENTS returns to help us make a trade decision. For example, suppose you find that MEITAV INVESTMENTS 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
MEITAV INVESTMENTS 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 MEITAV INVESTMENTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEITAV INVESTMENTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEITAV INVESTMENTS stock over time.
Current vs Lagged Prices
Timeline
MEITAV INVESTMENTS Lagged Returns
When evaluating MEITAV INVESTMENTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEITAV INVESTMENTS stock have on its future price. MEITAV INVESTMENTS 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, MEITAV INVESTMENTS autocorrelation shows the relationship between MEITAV INVESTMENTS stock current value and its past values and can show if there is a momentum factor associated with investing in MEITAV INVESTMENTS HOUSE.
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.