Electra Co (Israel) Market Value
| ECP Stock | 10,750 250.00 2.38% |
| Symbol | Electra |
Electra Co '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 Electra Co'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 Electra Co.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Electra Co on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Electra Co Pr or generate 0.0% return on investment in Electra Co over 360 days. Electra Co is related to or competes with Migdal Insurance, Clal Insurance, Bank Leumi, Israel Discount, Mizrahi Tefahot, Delek, and Bezeq Israeli. Electra Consumer Products Ltd manufactures, imports, exports, sells, distributes, markets, and provides services to a ra... More
Electra Co 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 Electra Co'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 Electra Co Pr upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.1696 | |||
| Maximum Drawdown | 17.76 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.28 |
Electra Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electra Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electra Co's standard deviation. In reality, there are many statistical measures that can use Electra Co historical prices to predict the future Electra Co's volatility.| Risk Adjusted Performance | 0.1576 | |||
| Jensen Alpha | 0.5883 | |||
| Total Risk Alpha | 0.191 | |||
| Sortino Ratio | 0.2018 | |||
| Treynor Ratio | 2.27 |
Electra Co Pr Backtested Returns
Electra Co is very steady given 3 months investment horizon. Electra Co Pr secures Sharpe Ratio (or Efficiency) of 0.35, which denotes the company had a 0.35% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Electra Co Mean Deviation of 2.11, downside deviation of 2.55, and Coefficient Of Variation of 484.41 to evaluate company specific risk that cannot be diversified away. Electra Co holds a performance score of 27 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Electra Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Electra Co is expected to be smaller as well. Use Electra Co downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Electra Co.
Auto-correlation | -0.31 |
Poor reverse predictability
Electra Co Pr has poor reverse predictability. Overlapping area represents the amount of predictability between Electra Co time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Electra Co Pr price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Electra Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 737.1 K |
Electra Co Pr lagged returns against current returns
Autocorrelation, which is Electra Co 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 Electra Co's stock expected returns. We can calculate the autocorrelation of Electra Co returns to help us make a trade decision. For example, suppose you find that Electra Co 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 |
Electra Co 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 Electra Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electra Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electra Co stock over time.
Current vs Lagged Prices |
| Timeline |
Electra Co Lagged Returns
When evaluating Electra Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electra Co stock have on its future price. Electra Co 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, Electra Co autocorrelation shows the relationship between Electra Co stock current value and its past values and can show if there is a momentum factor associated with investing in Electra Co Pr.
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 Electra Stock
Electra Co financial ratios help investors to determine whether Electra 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 Electra with respect to the benefits of owning Electra Co security.