Migdal Mutual (Israel) Market Value
Migdal Mutual's market value is the price at which a share of Migdal Mutual trades on a public exchange. It measures the collective expectations of Migdal Mutual Funds investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Migdal Mutual Funds and determine expected loss or profit from investing in Migdal Mutual 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 etf could be closely tied with the direction of predictive economic indicators such as signals in census.
| Symbol | Migdal |
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.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Migdal Mutual on January 31, 2024 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 300 days.
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.
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.Migdal Mutual Funds Backtested Returns
Migdal Mutual appears to be very steady, given 3 months investment horizon. Migdal Mutual Funds has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27% 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 exercise Migdal Mutual's Coefficient Of Variation of 375.64, mean deviation of 0.7691, and Risk Adjusted Performance of 0.2074 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Migdal Mutual's returns are expected to increase less than the market. However, during the bear market, the loss of holding Migdal Mutual is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
Migdal Mutual Funds has below average predictability. Overlapping area represents the amount of predictability between Migdal Mutual time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Migdal Mutual Funds price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Migdal Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 196.1 K |
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 |