El Mor (Israel) Market Value
| ELMR Stock | 1,440 20.00 1.41% |
| Symbol | ELMR |
El Mor '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 El Mor'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 El Mor.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in El Mor on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding El Mor Electric Installation or generate 0.0% return on investment in El Mor over 180 days. El Mor is related to or competes with Ashtrom, and Aura Investments. El-Mor Electric Installation Services Ltd More
El Mor 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 El Mor'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 El Mor Electric Installation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.2388 | |||
| Maximum Drawdown | 13.76 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.26 |
El Mor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for El Mor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as El Mor's standard deviation. In reality, there are many statistical measures that can use El Mor historical prices to predict the future El Mor's volatility.| Risk Adjusted Performance | 0.2077 | |||
| Jensen Alpha | 0.5914 | |||
| Total Risk Alpha | 0.53 | |||
| Sortino Ratio | 0.2348 | |||
| Treynor Ratio | 2.35 |
El Mor Electric Backtested Returns
El Mor appears to be very steady, given 3 months investment horizon. El Mor Electric retains Efficiency (Sharpe Ratio) of 0.29, which denotes the company had a 0.29% return per unit of price deviation over the last 3 months. By reviewing El Mor's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please utilize El Mor's Downside Deviation of 2.45, standard deviation of 2.41, and Market Risk Adjusted Performance of 2.36 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, El Mor holds a performance score of 22. The firm owns a Beta (Systematic Risk) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, El Mor's returns are expected to increase less than the market. However, during the bear market, the loss of holding El Mor is expected to be smaller as well. Please check El Mor's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether El Mor's current price history will revert.
Auto-correlation | 0.74 |
Good predictability
El Mor Electric Installation has good predictability. Overlapping area represents the amount of predictability between El Mor time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 El Mor Electric price movement. The serial correlation of 0.74 indicates that around 74.0% of current El Mor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 29 K |
El Mor Electric lagged returns against current returns
Autocorrelation, which is El Mor 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 El Mor's stock expected returns. We can calculate the autocorrelation of El Mor returns to help us make a trade decision. For example, suppose you find that El Mor 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 |
El Mor 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 El Mor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if El Mor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in El Mor stock over time.
Current vs Lagged Prices |
| Timeline |
El Mor Lagged Returns
When evaluating El Mor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of El Mor stock have on its future price. El Mor 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, El Mor autocorrelation shows the relationship between El Mor stock current value and its past values and can show if there is a momentum factor associated with investing in El Mor Electric Installation.
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 ELMR Stock
El Mor financial ratios help investors to determine whether ELMR 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 ELMR with respect to the benefits of owning El Mor security.