Opal Balance (Israel) Market Value
| OPAL Stock | ILS 210.00 1.00 0.48% |
| Symbol | Opal |
Opal Balance '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 Opal Balance'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 Opal Balance.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Opal Balance on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Opal Balance or generate 0.0% return on investment in Opal Balance over 30 days. Opal Balance is related to or competes with Nawi Brothers, EN Shoham, Peninsula, Shikun Binui, and Israel Discount. Mirsani Trade And Marketing Ltd., Investnet Ltd., and Opal Balance Investments Ltd represents the combined operations of... More
Opal Balance 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 Opal Balance'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 Opal Balance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.2233 | |||
| Maximum Drawdown | 7.49 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.58 |
Opal Balance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opal Balance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opal Balance's standard deviation. In reality, there are many statistical measures that can use Opal Balance historical prices to predict the future Opal Balance's volatility.| Risk Adjusted Performance | 0.2168 | |||
| Jensen Alpha | 0.5329 | |||
| Total Risk Alpha | 0.2325 | |||
| Sortino Ratio | 0.2518 | |||
| Treynor Ratio | (4.88) |
Opal Balance Backtested Returns
Opal Balance appears to be very steady, given 3 months investment horizon. Opal Balance maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Opal Balance's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate Opal Balance's Semi Deviation of 1.08, coefficient of variation of 342.77, and Risk Adjusted Performance of 0.2168 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Opal Balance holds a performance score of 20. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Opal Balance are expected to decrease at a much lower rate. During the bear market, Opal Balance is likely to outperform the market. Please check Opal Balance's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Opal Balance's historical price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Opal Balance has very good predictability. Overlapping area represents the amount of predictability between Opal Balance time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Opal Balance price movement. The serial correlation of 0.82 indicates that around 82.0% of current Opal Balance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 43.91 |
Opal Balance lagged returns against current returns
Autocorrelation, which is Opal Balance 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 Opal Balance's stock expected returns. We can calculate the autocorrelation of Opal Balance returns to help us make a trade decision. For example, suppose you find that Opal Balance 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 |
Opal Balance 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 Opal Balance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opal Balance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opal Balance stock over time.
Current vs Lagged Prices |
| Timeline |
Opal Balance Lagged Returns
When evaluating Opal Balance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opal Balance stock have on its future price. Opal Balance 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, Opal Balance autocorrelation shows the relationship between Opal Balance stock current value and its past values and can show if there is a momentum factor associated with investing in Opal Balance.
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 Opal Stock
Opal Balance financial ratios help investors to determine whether Opal 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 Opal with respect to the benefits of owning Opal Balance security.