Norstar (Israel) Market Value
| NSTR Stock | ILS 1,520 40.00 2.56% |
| Symbol | Norstar |
Norstar '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 Norstar'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 Norstar.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Norstar on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Norstar or generate 0.0% return on investment in Norstar over 180 days. Norstar is related to or competes with Delek, Fattal 1998, Azrieli, and Melisron. Norstar Holdings Inc., through its holdings in Gazit-Globe Ltd., engages in the commercial centers business in the Unite... More
Norstar 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 Norstar'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 Norstar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | 0.2352 | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 5.12 |
Norstar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norstar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norstar's standard deviation. In reality, there are many statistical measures that can use Norstar historical prices to predict the future Norstar's volatility.| Risk Adjusted Performance | 0.2027 | |||
| Jensen Alpha | 0.7932 | |||
| Total Risk Alpha | 0.4165 | |||
| Sortino Ratio | 0.3676 | |||
| Treynor Ratio | (6.46) |
Norstar Backtested Returns
Norstar appears to be very steady, given 3 months investment horizon. Norstar has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Norstar's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please exercise Norstar's Mean Deviation of 1.97, risk adjusted performance of 0.2027, and Downside Deviation of 1.88 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Norstar holds a performance score of 21. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Norstar are expected to decrease at a much lower rate. During the bear market, Norstar is likely to outperform the market. Please check Norstar's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Norstar's current price movements will revert.
Auto-correlation | 0.78 |
Good predictability
Norstar has good predictability. Overlapping area represents the amount of predictability between Norstar time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Norstar price movement. The serial correlation of 0.78 indicates that around 78.0% of current Norstar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 31.8 K |
Norstar lagged returns against current returns
Autocorrelation, which is Norstar 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 Norstar's stock expected returns. We can calculate the autocorrelation of Norstar returns to help us make a trade decision. For example, suppose you find that Norstar 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 |
Norstar 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 Norstar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norstar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norstar stock over time.
Current vs Lagged Prices |
| Timeline |
Norstar Lagged Returns
When evaluating Norstar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norstar stock have on its future price. Norstar 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, Norstar autocorrelation shows the relationship between Norstar stock current value and its past values and can show if there is a momentum factor associated with investing in Norstar.
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 Norstar Stock
Norstar financial ratios help investors to determine whether Norstar 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 Norstar with respect to the benefits of owning Norstar security.