Migdal Mutual (Israel) Market Value
| MTF-F12 Etf | ILA 426.65 0.64 0.15% |
| Symbol | Migdal |
Please note, there is a significant difference between Migdal Mutual's value and its price as these two are different measures arrived at by different means. Investors typically determine if Migdal Mutual is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Migdal Mutual'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.
Migdal Mutual '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 Migdal Mutual's etf 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 Migdal Mutual.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Migdal Mutual on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Migdal Mutual Funds or generate 0.0% return on investment in Migdal Mutual over 360 days. More
Migdal Mutual 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 Migdal Mutual's etf 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 Migdal Mutual Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1579 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 0.7367 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.3967 |
Migdal Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Migdal Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Migdal Mutual's standard deviation. In reality, there are many statistical measures that can use Migdal Mutual historical prices to predict the future Migdal Mutual's volatility.| Risk Adjusted Performance | 0.1855 | |||
| Jensen Alpha | 0.0429 | |||
| Total Risk Alpha | 0.0109 | |||
| Sortino Ratio | (0.56) | |||
| Treynor Ratio | (1.67) |
Migdal Mutual Funds Backtested Returns
At this point, Migdal Mutual is very steady. Migdal Mutual Funds has Sharpe Ratio of 0.26, which conveys that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Migdal Mutual, which you can use to evaluate the volatility of the etf. Please verify Migdal Mutual's Mean Deviation of 0.1316, risk adjusted performance of 0.1855, and Coefficient Of Variation of 348.23 to check out if the risk estimate we provide is consistent with the expected return of 0.0438%. The etf secures a Beta (Market Risk) of -0.0239, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Migdal Mutual are expected to decrease at a much lower rate. During the bear market, Migdal Mutual is likely to outperform the market.
Auto-correlation | 0.91 |
Excellent predictability
Migdal Mutual Funds has excellent predictability. Overlapping area represents the amount of predictability between Migdal Mutual time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Migdal Mutual Funds price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Migdal Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 53.12 |
Migdal Mutual Funds lagged returns against current returns
Autocorrelation, which is Migdal Mutual etf'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 Migdal Mutual's etf expected returns. We can calculate the autocorrelation of Migdal Mutual returns to help us make a trade decision. For example, suppose you find that Migdal Mutual has exhibited high autocorrelation historically, and you observe that the etf 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 |
Migdal Mutual 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 Migdal Mutual etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Migdal Mutual etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Migdal Mutual etf over time.
Current vs Lagged Prices |
| Timeline |
Migdal Mutual Lagged Returns
When evaluating Migdal Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Migdal Mutual etf have on its future price. Migdal Mutual 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, Migdal Mutual autocorrelation shows the relationship between Migdal Mutual etf current value and its past values and can show if there is a momentum factor associated with investing in Migdal Mutual Funds.
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 Migdal Etf
Migdal Mutual financial ratios help investors to determine whether Migdal Etf 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 Migdal with respect to the benefits of owning Migdal Mutual security.