Israel Canada (Israel) Market Value
| ISCN Stock | ILS 1,507 23.00 1.50% |
| Symbol | Israel |
Israel Canada '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 Israel Canada'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 Israel Canada.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Israel Canada on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Israel Canada or generate 0.0% return on investment in Israel Canada over 30 days. Israel Canada is related to or competes with Isras Investment, Sella Real, Harel Insurance, B Communications, Photomyne, M Yochananof, and Clal Biotechnology. Pangaea Real-Estate Ltd. is a principal investment firm specializing in investments in real estate More
Israel Canada 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 Israel Canada'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 Israel Canada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0513 | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.97 |
Israel Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Israel Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Israel Canada's standard deviation. In reality, there are many statistical measures that can use Israel Canada historical prices to predict the future Israel Canada's volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.2027 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | (17.09) |
Israel Canada Backtested Returns
Israel Canada appears to be very steady, given 3 months investment horizon. Israel Canada holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Israel Canada, which you can use to evaluate the volatility of the firm. Please utilize Israel Canada's Downside Deviation of 2.16, risk adjusted performance of 0.0772, and Market Risk Adjusted Performance of (17.08) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Israel Canada holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.0118, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Israel Canada are expected to decrease at a much lower rate. During the bear market, Israel Canada is likely to outperform the market. Please check Israel Canada's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Israel Canada's current trending patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Israel Canada has average predictability. Overlapping area represents the amount of predictability between Israel Canada time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Israel Canada price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Israel Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 776.69 |
Israel Canada lagged returns against current returns
Autocorrelation, which is Israel Canada 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 Israel Canada's stock expected returns. We can calculate the autocorrelation of Israel Canada returns to help us make a trade decision. For example, suppose you find that Israel Canada 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 |
Israel Canada 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 Israel Canada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Israel Canada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Israel Canada stock over time.
Current vs Lagged Prices |
| Timeline |
Israel Canada Lagged Returns
When evaluating Israel Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Israel Canada stock have on its future price. Israel Canada 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, Israel Canada autocorrelation shows the relationship between Israel Canada stock current value and its past values and can show if there is a momentum factor associated with investing in Israel Canada.
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 Israel Stock
Israel Canada financial ratios help investors to determine whether Israel 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 Israel with respect to the benefits of owning Israel Canada security.