Averbuch Formica (Israel) Market Value
| AVER Stock | ILA 1,129 16.00 1.40% |
| Symbol | Averbuch |
Averbuch Formica '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 Averbuch Formica'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 Averbuch Formica.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Averbuch Formica on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Averbuch Formica Center or generate 0.0% return on investment in Averbuch Formica over 720 days. Averbuch Formica is related to or competes with Cohen Dev, Brimag L, Adgar Investments, Aran Research, and Computer Direct. Averbuch Formica Center Ltd., together with its subsidiaries, produces and trades in raw materials for wood and furnitur... More
Averbuch Formica 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 Averbuch Formica'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 Averbuch Formica Center upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.17 | |||
| Information Ratio | 0.0185 | |||
| Maximum Drawdown | 22.63 | |||
| Value At Risk | (7.58) | |||
| Potential Upside | 9.52 |
Averbuch Formica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Averbuch Formica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Averbuch Formica's standard deviation. In reality, there are many statistical measures that can use Averbuch Formica historical prices to predict the future Averbuch Formica's volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.0572 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.023 | |||
| Treynor Ratio | 0.1636 |
Averbuch Formica Center Backtested Returns
Averbuch Formica appears to be very steady, given 3 months investment horizon. Averbuch Formica Center secures Sharpe Ratio (or Efficiency) of 0.0938, which signifies that the company had a 0.0938% return per unit of standard deviation over the last 3 months. By analyzing Averbuch Formica's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Averbuch Formica's mean deviation of 3.67, and Risk Adjusted Performance of 0.0419 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Averbuch Formica holds a performance score of 7. The firm shows a Beta (market volatility) of 1.32, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Averbuch Formica will likely underperform. Please check Averbuch Formica's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Averbuch Formica's price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Averbuch Formica Center has average predictability. Overlapping area represents the amount of predictability between Averbuch Formica time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Averbuch Formica Center price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Averbuch Formica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 40.6 K |
Averbuch Formica Center lagged returns against current returns
Autocorrelation, which is Averbuch Formica 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 Averbuch Formica's stock expected returns. We can calculate the autocorrelation of Averbuch Formica returns to help us make a trade decision. For example, suppose you find that Averbuch Formica 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 |
Averbuch Formica 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 Averbuch Formica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Averbuch Formica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Averbuch Formica stock over time.
Current vs Lagged Prices |
| Timeline |
Averbuch Formica Lagged Returns
When evaluating Averbuch Formica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Averbuch Formica stock have on its future price. Averbuch Formica 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, Averbuch Formica autocorrelation shows the relationship between Averbuch Formica stock current value and its past values and can show if there is a momentum factor associated with investing in Averbuch Formica Center.
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 Averbuch Stock
Averbuch Formica financial ratios help investors to determine whether Averbuch 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 Averbuch with respect to the benefits of owning Averbuch Formica security.