Meitav Dash (Israel) Market Value
| MTDS Stock | ILS 2,797 140.00 5.27% |
| Symbol | Meitav |
Meitav Dash '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 Dash'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 Dash.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Meitav Dash on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Meitav Dash Investments or generate 0.0% return on investment in Meitav Dash over 30 days. Meitav Dash is related to or competes with Bank Hapoalim, Israel Discount, Bezeq Israeli, and Elbit Systems. Meitav DS Investments Ltd engages in the fund management activities in Israel More
Meitav Dash 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 Dash'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 Dash Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.2407 | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.78 |
Meitav Dash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meitav Dash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meitav Dash's standard deviation. In reality, there are many statistical measures that can use Meitav Dash historical prices to predict the future Meitav Dash's volatility.| Risk Adjusted Performance | 0.231 | |||
| Jensen Alpha | 0.7135 | |||
| Total Risk Alpha | 0.3283 | |||
| Sortino Ratio | 0.2661 | |||
| Treynor Ratio | (17.81) |
Meitav Dash Investments Backtested Returns
Meitav Dash appears to be very steady, given 3 months investment horizon. Meitav Dash Investments has Sharpe Ratio of 0.39, which conveys that the firm had a 0.39% return per unit of risk over the last 3 months. By analyzing Meitav Dash's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please exercise Meitav Dash's Risk Adjusted Performance of 0.231, downside deviation of 2.22, and Mean Deviation of 1.79 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meitav Dash holds a performance score of 30. The company secures a Beta (Market Risk) of -0.0398, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meitav Dash are expected to decrease at a much lower rate. During the bear market, Meitav Dash is likely to outperform the market. Please check Meitav Dash's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Meitav Dash's current price movements will revert.
Auto-correlation | 0.85 |
Very good predictability
Meitav Dash Investments has very good predictability. Overlapping area represents the amount of predictability between Meitav Dash time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Meitav Dash Investments price movement. The serial correlation of 0.85 indicates that around 85.0% of current Meitav Dash price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 34.7 K |
Meitav Dash Investments lagged returns against current returns
Autocorrelation, which is Meitav Dash 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 Dash's stock expected returns. We can calculate the autocorrelation of Meitav Dash returns to help us make a trade decision. For example, suppose you find that Meitav Dash 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 Dash 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 Dash stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meitav Dash stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meitav Dash stock over time.
Current vs Lagged Prices |
| Timeline |
Meitav Dash Lagged Returns
When evaluating Meitav Dash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meitav Dash stock have on its future price. Meitav Dash 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 Dash autocorrelation shows the relationship between Meitav Dash stock current value and its past values and can show if there is a momentum factor associated with investing in Meitav Dash Investments.
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 Meitav Stock
Meitav Dash financial ratios help investors to determine whether Meitav 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 Meitav with respect to the benefits of owning Meitav Dash security.