Elbit Imaging (Israel) Market Value
| EMITF Stock | ILS 600.00 18.10 3.11% |
| Symbol | Elbit |
Elbit Imaging '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 Elbit Imaging'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 Elbit Imaging.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Elbit Imaging on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Elbit Imaging or generate 0.0% return on investment in Elbit Imaging over 180 days. Elbit Imaging is related to or competes with Netz Hotels, Aura Investments, Israel China, Bank Leumi, Skyline Investments, Dan Hotels, and Clal Biotechnology. Elbit Imaging Ltd., together with its subsidiaries, engages in research and development, production, and marketing of tr... More
Elbit Imaging 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 Elbit Imaging'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 Elbit Imaging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.2486 | |||
| Maximum Drawdown | 16.02 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 6.12 |
Elbit Imaging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elbit Imaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elbit Imaging's standard deviation. In reality, there are many statistical measures that can use Elbit Imaging historical prices to predict the future Elbit Imaging's volatility.| Risk Adjusted Performance | 0.2142 | |||
| Jensen Alpha | 0.7601 | |||
| Total Risk Alpha | 0.6638 | |||
| Sortino Ratio | 0.3053 | |||
| Treynor Ratio | (1.07) |
Elbit Imaging Backtested Returns
Elbit Imaging appears to be very steady, given 3 months investment horizon. Elbit Imaging secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of standard deviation over the last 3 months. By reviewing Elbit Imaging's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Elbit Imaging's Mean Deviation of 2.16, semi deviation of 1.75, and Downside Deviation of 2.37 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elbit Imaging holds a performance score of 15. The firm shows a Beta (market volatility) of -0.69, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Elbit Imaging are expected to decrease at a much lower rate. During the bear market, Elbit Imaging is likely to outperform the market. Please check Elbit Imaging's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Elbit Imaging's price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Elbit Imaging has poor reverse predictability. Overlapping area represents the amount of predictability between Elbit Imaging 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 Elbit Imaging price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Elbit Imaging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1424.21 |
Elbit Imaging lagged returns against current returns
Autocorrelation, which is Elbit Imaging 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 Elbit Imaging's stock expected returns. We can calculate the autocorrelation of Elbit Imaging returns to help us make a trade decision. For example, suppose you find that Elbit Imaging 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 |
Elbit Imaging 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 Elbit Imaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elbit Imaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elbit Imaging stock over time.
Current vs Lagged Prices |
| Timeline |
Elbit Imaging Lagged Returns
When evaluating Elbit Imaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elbit Imaging stock have on its future price. Elbit Imaging 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, Elbit Imaging autocorrelation shows the relationship between Elbit Imaging stock current value and its past values and can show if there is a momentum factor associated with investing in Elbit Imaging.
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 Elbit Stock Analysis
When running Elbit Imaging's price analysis, check to measure Elbit Imaging'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 Elbit Imaging is operating at the current time. Most of Elbit Imaging's value examination focuses on studying past and present price action to predict the probability of Elbit Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elbit Imaging's price. Additionally, you may evaluate how the addition of Elbit Imaging to your portfolios can decrease your overall portfolio volatility.