Isracard (Israel) Market Value
| ISCD Stock | 1,506 9.00 0.59% |
| Symbol | Isracard |
Isracard '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 Isracard'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 Isracard.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Isracard on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Isracard or generate 0.0% return on investment in Isracard over 30 days. Isracard is related to or competes with Bank Hapoalim, Bank Leumi, Mizrahi Tefahot, Israel Discount, and Shufersal. More
Isracard 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 Isracard'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 Isracard upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.1349 | |||
| Maximum Drawdown | 9.07 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.62 |
Isracard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Isracard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Isracard's standard deviation. In reality, there are many statistical measures that can use Isracard historical prices to predict the future Isracard's volatility.| Risk Adjusted Performance | 0.1607 | |||
| Jensen Alpha | 0.3644 | |||
| Total Risk Alpha | 0.0779 | |||
| Sortino Ratio | 0.1526 | |||
| Treynor Ratio | (0.91) |
Isracard Backtested Returns
Isracard appears to be very steady, given 3 months investment horizon. Isracard holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Isracard, which you can use to evaluate the volatility of the firm. Please utilize Isracard's Risk Adjusted Performance of 0.1607, market risk adjusted performance of (0.90), and Downside Deviation of 1.37 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Isracard holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Isracard are expected to decrease at a much lower rate. During the bear market, Isracard is likely to outperform the market. Please check Isracard's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Isracard's current trending patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Isracard has very good predictability. Overlapping area represents the amount of predictability between Isracard time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Isracard price movement. The serial correlation of 0.81 indicates that around 81.0% of current Isracard price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 457.81 |
Isracard lagged returns against current returns
Autocorrelation, which is Isracard 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 Isracard's stock expected returns. We can calculate the autocorrelation of Isracard returns to help us make a trade decision. For example, suppose you find that Isracard 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 |
Isracard 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 Isracard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Isracard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Isracard stock over time.
Current vs Lagged Prices |
| Timeline |
Isracard Lagged Returns
When evaluating Isracard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Isracard stock have on its future price. Isracard 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, Isracard autocorrelation shows the relationship between Isracard stock current value and its past values and can show if there is a momentum factor associated with investing in Isracard.
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 Isracard Stock
Isracard financial ratios help investors to determine whether Isracard 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 Isracard with respect to the benefits of owning Isracard security.