Electra Real (Israel) Market Value
| ELCRE Stock | ILS 4,958 102.00 2.02% |
| Symbol | Electra |
Electra 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 Electra 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 Electra Real.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Electra Real on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Electra Real Estate or generate 0.0% return on investment in Electra Real over 30 days. Electra Real is related to or competes with Azrieli, Israel Discount, Alony Hetz, Shufersal, and Elco. Electra Real Estate Ltd. owns and operates commercial real estate properties in Israel, Europe, North America, and India More
Electra 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 Electra 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 Electra Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.148 | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 3.49 |
Electra Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electra Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electra Real's standard deviation. In reality, there are many statistical measures that can use Electra Real historical prices to predict the future Electra Real's volatility.| Risk Adjusted Performance | 0.1542 | |||
| Jensen Alpha | 0.359 | |||
| Total Risk Alpha | 0.1322 | |||
| Sortino Ratio | 0.1981 | |||
| Treynor Ratio | (4.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electra Real's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Electra Real Estate Backtested Returns
Electra Real appears to be very steady, given 3 months investment horizon. Electra Real Estate secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Electra Real Estate, which you can use to evaluate the volatility of the firm. Please utilize Electra Real's Coefficient Of Variation of 489.02, downside deviation of 1.33, and Mean Deviation of 1.41 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Electra Real holds a performance score of 19. The firm shows a Beta (market volatility) of -0.0711, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Electra Real are expected to decrease at a much lower rate. During the bear market, Electra Real is likely to outperform the market. Please check Electra Real's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Electra Real's price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Electra Real Estate has average predictability. Overlapping area represents the amount of predictability between Electra Real time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Real Estate price movement. The serial correlation of 0.49 indicates that about 49.0% of current Electra Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 21.4 K |
Electra Real Estate lagged returns against current returns
Autocorrelation, which is Electra 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 Electra Real's stock expected returns. We can calculate the autocorrelation of Electra Real returns to help us make a trade decision. For example, suppose you find that Electra 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 |
Electra 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 Electra Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electra Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electra Real stock over time.
Current vs Lagged Prices |
| Timeline |
Electra Real Lagged Returns
When evaluating Electra Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electra Real stock have on its future price. Electra 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, Electra Real autocorrelation shows the relationship between Electra Real stock current value and its past values and can show if there is a momentum factor associated with investing in Electra Real Estate.
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.Additional Tools for Electra Stock Analysis
When running Electra Real's price analysis, check to measure Electra Real's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electra Real is operating at the current time. Most of Electra Real's value examination focuses on studying past and present price action to predict the probability of Electra Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electra Real's price. Additionally, you may evaluate how the addition of Electra Real to your portfolios can decrease your overall portfolio volatility.