Shikun Binui (Israel) Market Value
| SKBN Stock | ILS 1,077 12.00 1.10% |
| Symbol | Shikun |
Shikun Binui '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 Shikun Binui'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 Shikun Binui.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Shikun Binui on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Shikun Binui or generate 0.0% return on investment in Shikun Binui over 390 days. Shikun Binui is related to or competes with Israel Discount, Bezeq Israeli, Azrieli, Bank Hapoalim, and Bank Leumi. Shikun Binui Ltd., together with its subsidiaries, engages in the infrastructure and construction, real estate developme... More
Shikun Binui 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 Shikun Binui'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 Shikun Binui upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 11.59 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 4.13 |
Shikun Binui Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shikun Binui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shikun Binui's standard deviation. In reality, there are many statistical measures that can use Shikun Binui historical prices to predict the future Shikun Binui's volatility.| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 0.2301 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0723 | |||
| Treynor Ratio | 0.5943 |
Shikun Binui Backtested Returns
Shikun Binui appears to be very steady, given 3 months investment horizon. Shikun Binui owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shikun Binui, which you can use to evaluate the volatility of the company. Please review Shikun Binui's Coefficient Of Variation of 878.49, semi deviation of 2.07, and Risk Adjusted Performance of 0.0938 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shikun Binui holds a performance score of 13. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shikun Binui's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shikun Binui is expected to be smaller as well. Please check Shikun Binui's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Shikun Binui's existing price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Shikun Binui has good reverse predictability. Overlapping area represents the amount of predictability between Shikun Binui time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Shikun Binui price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Shikun Binui price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 9760.28 |
Shikun Binui lagged returns against current returns
Autocorrelation, which is Shikun Binui 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 Shikun Binui's stock expected returns. We can calculate the autocorrelation of Shikun Binui returns to help us make a trade decision. For example, suppose you find that Shikun Binui 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 |
Shikun Binui 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 Shikun Binui stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shikun Binui stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shikun Binui stock over time.
Current vs Lagged Prices |
| Timeline |
Shikun Binui Lagged Returns
When evaluating Shikun Binui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shikun Binui stock have on its future price. Shikun Binui 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, Shikun Binui autocorrelation shows the relationship between Shikun Binui stock current value and its past values and can show if there is a momentum factor associated with investing in Shikun Binui.
Regressed Prices |
| Timeline |
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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 Shikun Stock
Shikun Binui financial ratios help investors to determine whether Shikun 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 Shikun with respect to the benefits of owning Shikun Binui security.