YD More (Israel) Market Value

MRIN Stock   1,455  16.00  1.09%   
YD More's market value is the price at which a share of YD More trades on a public exchange. It measures the collective expectations of YD More Investments investors about its performance. YD More is trading at 1455.00 as of the 12th of December 2024, a 1.09 percent decrease since the beginning of the trading day. The stock's open price was 1471.0.
With this module, you can estimate the performance of a buy and hold strategy of YD More Investments and determine expected loss or profit from investing in YD More over a given investment horizon. Check out YD More Correlation, YD More Volatility and YD More Alpha and Beta module to complement your research on YD More.
Symbol

Please note, there is a significant difference between YD More's value and its price as these two are different measures arrived at by different means. Investors typically determine if YD More is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YD More's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

YD More '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 YD More'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 YD More.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in YD More on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding YD More Investments or generate 0.0% return on investment in YD More over 30 days. YD More is related to or competes with Bank Hapoalim, Israel Discount, Mizrahi Tefahot, Bezeq Israeli, and Elbit Systems. More Investments Ltd engages in the investment management business in Israel More

YD More 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 YD More'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 YD More Investments upside and downside potential and time the market with a certain degree of confidence.

YD More Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for YD More's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YD More's standard deviation. In reality, there are many statistical measures that can use YD More historical prices to predict the future YD More's volatility.
Hype
Prediction
LowEstimatedHigh
1,4521,4551,458
Details
Intrinsic
Valuation
LowRealHigh
1,2881,2901,600
Details
Naive
Forecast
LowNextHigh
1,5011,5031,506
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
742.981,1231,503
Details

YD More Investments Backtested Returns

YD More is very steady given 3 months investment horizon. YD More Investments retains Efficiency (Sharpe Ratio) of 0.55, which attests that the company had a 0.55% return per unit of price deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.39% are justified by taking the suggested risk. Use YD More Investments standard deviation of 2.35, and Market Risk Adjusted Performance of (1.94) to evaluate company specific risk that cannot be diversified away. YD More holds a performance score of 43 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning YD More are expected to decrease at a much lower rate. During the bear market, YD More is likely to outperform the market. Use YD More Investments mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on YD More Investments.

Auto-correlation

    
  0.81  

Very good predictability

YD More Investments has very good predictability. Overlapping area represents the amount of predictability between YD More time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 YD More Investments price movement. The serial correlation of 0.81 indicates that around 81.0% of current YD More price fluctuation can be explain by its past prices.
Correlation Coefficient0.81
Spearman Rank Test0.57
Residual Average0.0
Price Variance2926.1

YD More Investments lagged returns against current returns

Autocorrelation, which is YD More 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 YD More's stock expected returns. We can calculate the autocorrelation of YD More returns to help us make a trade decision. For example, suppose you find that YD More 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  

YD More 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 YD More stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YD More stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YD More stock over time.
   Current vs Lagged Prices   
       Timeline  

YD More Lagged Returns

When evaluating YD More's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YD More stock have on its future price. YD More 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, YD More autocorrelation shows the relationship between YD More stock current value and its past values and can show if there is a momentum factor associated with investing in YD More Investments.
   Regressed Prices   
       Timeline  

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Other Information on Investing in MRIN Stock

YD More financial ratios help investors to determine whether MRIN 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 MRIN with respect to the benefits of owning YD More security.