Erech Finance (Israel) Market Value
| EFNC Stock | 196.00 20.90 9.64% |
| Symbol | Erech |
Erech Finance '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 Erech Finance'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 Erech Finance.
| 02/05/2023 |
| 12/26/2024 |
If you would invest 0.00 in Erech Finance on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Erech Finance Cahalacha or generate 0.0% return on investment in Erech Finance over 690 days. Erech Finance is related to or competes with Intercure, Sofwave Medical, Epitomee Medical, Bio View, Elbit Imaging, Insuline Medical, and Endymed. More
Erech Finance 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 Erech Finance'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 Erech Finance Cahalacha upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 33.39 | |||
| Value At Risk | (10.36) | |||
| Potential Upside | 10.25 |
Erech Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erech Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erech Finance's standard deviation. In reality, there are many statistical measures that can use Erech Finance historical prices to predict the future Erech Finance's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.56) |
Erech Finance Cahalacha Backtested Returns
Erech Finance Cahalacha secures Sharpe Ratio (or Efficiency) of -0.0187, which denotes the company had a -0.0187% return per unit of risk over the last 3 months. Erech Finance Cahalacha exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Erech Finance's Mean Deviation of 3.03, variance of 31.32, and Standard Deviation of 5.6 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, Erech Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Erech Finance is expected to be smaller as well. At this point, Erech Finance Cahalacha has a negative expected return of -0.11%. Please make sure to confirm Erech Finance's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Erech Finance Cahalacha performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Erech Finance Cahalacha has very weak reverse predictability. Overlapping area represents the amount of predictability between Erech Finance time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th 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 Erech Finance Cahalacha price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Erech Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 8049.65 |
Erech Finance Cahalacha lagged returns against current returns
Autocorrelation, which is Erech Finance 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 Erech Finance's stock expected returns. We can calculate the autocorrelation of Erech Finance returns to help us make a trade decision. For example, suppose you find that Erech Finance 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 |
Erech Finance 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 Erech Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erech Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erech Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Erech Finance Lagged Returns
When evaluating Erech Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erech Finance stock have on its future price. Erech Finance 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, Erech Finance autocorrelation shows the relationship between Erech Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Erech Finance Cahalacha.
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 Erech Stock
Erech Finance financial ratios help investors to determine whether Erech 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 Erech with respect to the benefits of owning Erech Finance security.