SR Accord (Israel) Market Value
| SRAC Stock | ILA 4,211 1.00 0.02% |
| Symbol | SRAC |
SR Accord '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 SR Accord'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 SR Accord.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in SR Accord on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding SR Accord or generate 0.0% return on investment in SR Accord over 30 days. SR Accord is related to or competes with EN Shoham, Rani Zim, Mivtach Shamir, Accel Solutions, and Rapac Communication. Accord Ltd. provides credit and non-bank financing services to small and medium-sized businesses in Israel More
SR Accord 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 SR Accord'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 SR Accord upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.3098 | |||
| Maximum Drawdown | 17.41 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 4.29 |
SR Accord Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SR Accord's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SR Accord's standard deviation. In reality, there are many statistical measures that can use SR Accord historical prices to predict the future SR Accord's volatility.| Risk Adjusted Performance | 0.264 | |||
| Jensen Alpha | 0.9621 | |||
| Total Risk Alpha | 0.5355 | |||
| Sortino Ratio | 0.299 | |||
| Treynor Ratio | (1.33) |
SR Accord Backtested Returns
SR Accord appears to be very steady, given 3 months investment horizon. SR Accord retains Efficiency (Sharpe Ratio) of 0.35, which indicates the firm had a 0.35% return per unit of price deviation over the last 3 months. By analyzing SR Accord's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please review SR Accord's Mean Deviation of 1.7, risk adjusted performance of 0.264, and Downside Deviation of 2.65 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SR Accord holds a performance score of 27. The entity owns a Beta (Systematic Risk) of -0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SR Accord are expected to decrease at a much lower rate. During the bear market, SR Accord is likely to outperform the market. Please check SR Accord's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether SR Accord's current price history will revert.
Auto-correlation | 0.06 |
Virtually no predictability
SR Accord has virtually no predictability. Overlapping area represents the amount of predictability between SR Accord 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 SR Accord price movement. The serial correlation of 0.06 indicates that barely 6.0% of current SR Accord price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 53.9 K |
SR Accord lagged returns against current returns
Autocorrelation, which is SR Accord 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 SR Accord's stock expected returns. We can calculate the autocorrelation of SR Accord returns to help us make a trade decision. For example, suppose you find that SR Accord 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 |
SR Accord 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 SR Accord stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SR Accord stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SR Accord stock over time.
Current vs Lagged Prices |
| Timeline |
SR Accord Lagged Returns
When evaluating SR Accord's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SR Accord stock have on its future price. SR Accord 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, SR Accord autocorrelation shows the relationship between SR Accord stock current value and its past values and can show if there is a momentum factor associated with investing in SR Accord.
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 SRAC Stock
SR Accord financial ratios help investors to determine whether SRAC 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 SRAC with respect to the benefits of owning SR Accord security.