Levinstein Eng (Israel) Market Value
| LEVI Stock | ILS 39,690 100.00 0.25% |
| Symbol | Levinstein |
Levinstein Eng '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 Levinstein Eng'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 Levinstein Eng.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Levinstein Eng on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Levinstein Eng or generate 0.0% return on investment in Levinstein Eng over 30 days. Levinstein Eng is related to or competes with Ashtrom, and Aura Investments. Meshulam Levinstein Contracting Engineering Ltd engages in the engineering, construction, and real estate businesses in ... More
Levinstein Eng 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 Levinstein Eng'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 Levinstein Eng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.3149 | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 5.12 |
Levinstein Eng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Levinstein Eng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Levinstein Eng's standard deviation. In reality, there are many statistical measures that can use Levinstein Eng historical prices to predict the future Levinstein Eng's volatility.| Risk Adjusted Performance | 0.2755 | |||
| Jensen Alpha | 0.7311 | |||
| Total Risk Alpha | 0.6196 | |||
| Sortino Ratio | 0.4053 | |||
| Treynor Ratio | 3.48 |
Levinstein Eng Backtested Returns
Levinstein Eng appears to be very steady, given 3 months investment horizon. Levinstein Eng has Sharpe Ratio of 0.42, which conveys that the firm had a 0.42% return per unit of risk over the last 3 months. By analyzing Levinstein Eng's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please exercise Levinstein Eng's Downside Deviation of 1.72, mean deviation of 1.55, and Risk Adjusted Performance of 0.2755 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Levinstein Eng holds a performance score of 32. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Levinstein Eng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Levinstein Eng is expected to be smaller as well. Please check Levinstein Eng's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Levinstein Eng's current price movements will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Levinstein Eng has very weak reverse predictability. Overlapping area represents the amount of predictability between Levinstein Eng time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Levinstein Eng price movement. The serial correlation of -0.03 indicates that only 3.0% of current Levinstein Eng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 31 K |
Levinstein Eng lagged returns against current returns
Autocorrelation, which is Levinstein Eng 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 Levinstein Eng's stock expected returns. We can calculate the autocorrelation of Levinstein Eng returns to help us make a trade decision. For example, suppose you find that Levinstein Eng 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 |
Levinstein Eng 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 Levinstein Eng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Levinstein Eng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Levinstein Eng stock over time.
Current vs Lagged Prices |
| Timeline |
Levinstein Eng Lagged Returns
When evaluating Levinstein Eng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Levinstein Eng stock have on its future price. Levinstein Eng 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, Levinstein Eng autocorrelation shows the relationship between Levinstein Eng stock current value and its past values and can show if there is a momentum factor associated with investing in Levinstein Eng.
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 Levinstein Stock
Levinstein Eng financial ratios help investors to determine whether Levinstein 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 Levinstein with respect to the benefits of owning Levinstein Eng security.