Menora Miv (Israel) Market Value
| MMHD Stock | ILS 14,850 20.00 0.13% |
| Symbol | Menora |
Menora Miv '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 Menora Miv'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 Menora Miv.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Menora Miv on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Menora Miv Hld or generate 0.0% return on investment in Menora Miv over 30 days. Menora Miv is related to or competes with Bank Hapoalim, Israel Discount, Mizrahi Tefahot, Bezeq Israeli, and Elbit Systems. Menora Mivtachim Holdings Ltd operates in insurance and finance sectors in Israel More
Menora Miv 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 Menora Miv'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 Menora Miv Hld upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.3316 | |||
| Maximum Drawdown | 7.98 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.24 |
Menora Miv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Menora Miv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Menora Miv's standard deviation. In reality, there are many statistical measures that can use Menora Miv historical prices to predict the future Menora Miv's volatility.| Risk Adjusted Performance | 0.2862 | |||
| Jensen Alpha | 0.6864 | |||
| Total Risk Alpha | 0.4685 | |||
| Sortino Ratio | 0.3444 | |||
| Treynor Ratio | 7.02 |
Menora Miv Hld Backtested Returns
Menora Miv appears to be very steady, given 3 months investment horizon. Menora Miv Hld has Sharpe Ratio of 0.45, which conveys that the firm had a 0.45% return per unit of risk over the last 3 months. By analyzing Menora Miv's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please exercise Menora Miv's Downside Deviation of 1.76, risk adjusted performance of 0.2862, and Mean Deviation of 1.53 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Menora Miv holds a performance score of 35. The company secures a Beta (Market Risk) of 0.0991, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Menora Miv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Menora Miv is expected to be smaller as well. Please check Menora Miv's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Menora Miv's current price movements will revert.
Auto-correlation | 0.70 |
Good predictability
Menora Miv Hld has good predictability. Overlapping area represents the amount of predictability between Menora Miv time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Menora Miv Hld price movement. The serial correlation of 0.7 indicates that around 70.0% of current Menora Miv price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 144.9 K |
Menora Miv Hld lagged returns against current returns
Autocorrelation, which is Menora Miv 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 Menora Miv's stock expected returns. We can calculate the autocorrelation of Menora Miv returns to help us make a trade decision. For example, suppose you find that Menora Miv 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 |
Menora Miv 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 Menora Miv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Menora Miv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Menora Miv stock over time.
Current vs Lagged Prices |
| Timeline |
Menora Miv Lagged Returns
When evaluating Menora Miv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Menora Miv stock have on its future price. Menora Miv 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, Menora Miv autocorrelation shows the relationship between Menora Miv stock current value and its past values and can show if there is a momentum factor associated with investing in Menora Miv Hld.
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 Menora Stock
Menora Miv financial ratios help investors to determine whether Menora 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 Menora with respect to the benefits of owning Menora Miv security.