Mydas Real (Israel) Market Value
| MYDS Stock | ILS 36.60 2.20 5.67% |
| Symbol | Mydas |
Mydas Real '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 Mydas Real'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 Mydas Real.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mydas Real on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mydas Real Estate or generate 0.0% return on investment in Mydas Real over 90 days. Mydas Real is related to or competes with G Willi, Global Knafaim, Adgar Investments, Ram On, Rapac Communication, Gilat Telecom, and Amot Investments. Mydas Real Estate Investmens Ltd, formerly known as Mydas Investment Fund Ltd., owns and operates retirement homes and h... More
Mydas Real 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 Mydas Real'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 Mydas Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 20.9 | |||
| Value At Risk | (6.62) | |||
| Potential Upside | 4.79 |
Mydas Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mydas Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mydas Real's standard deviation. In reality, there are many statistical measures that can use Mydas Real historical prices to predict the future Mydas Real's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (3.45) |
Mydas Real Estate Backtested Returns
Mydas Real Estate has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Mydas Real exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mydas Real's Standard Deviation of 3.81, risk adjusted performance of (0.08), and Mean Deviation of 2.5 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mydas Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mydas Real is expected to be smaller as well. At this point, Mydas Real Estate has a negative expected return of -0.45%. Please make sure to verify Mydas Real's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Mydas Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Mydas Real Estate has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mydas Real 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 Mydas Real Estate price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Mydas Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 14.95 |
Mydas Real Estate lagged returns against current returns
Autocorrelation, which is Mydas Real 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 Mydas Real's stock expected returns. We can calculate the autocorrelation of Mydas Real returns to help us make a trade decision. For example, suppose you find that Mydas Real 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 |
Mydas Real 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 Mydas Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mydas Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mydas Real stock over time.
Current vs Lagged Prices |
| Timeline |
Mydas Real Lagged Returns
When evaluating Mydas Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mydas Real stock have on its future price. Mydas Real 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, Mydas Real autocorrelation shows the relationship between Mydas Real stock current value and its past values and can show if there is a momentum factor associated with investing in Mydas Real Estate.
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 Mydas Stock
Mydas Real financial ratios help investors to determine whether Mydas 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 Mydas with respect to the benefits of owning Mydas Real security.