Averbuch Formica (Israel) Market Value
| AVER Stock | ILA 1,300 24.00 1.88% |
| Symbol | Averbuch |
Averbuch Formica '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 Averbuch Formica'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 Averbuch Formica.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Averbuch Formica on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Averbuch Formica Center or generate 0.0% return on investment in Averbuch Formica over 720 days. Averbuch Formica is related to or competes with Cohen Dev, Brimag L, Adgar Investments, Aran Research, and Computer Direct. Averbuch Formica Center Ltd., together with its subsidiaries, produces and trades in raw materials for wood and furnitur... More
Averbuch Formica 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 Averbuch Formica'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 Averbuch Formica Center upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.8 | |||
| Value At Risk | (6.08) | |||
| Potential Upside | 5.8 |
Averbuch Formica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Averbuch Formica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Averbuch Formica's standard deviation. In reality, there are many statistical measures that can use Averbuch Formica historical prices to predict the future Averbuch Formica's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Averbuch Formica's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Averbuch Formica Center Backtested Returns
Averbuch Formica Center secures Sharpe Ratio (or Efficiency) of -0.0234, which signifies that the company had a -0.0234% return per unit of standard deviation over the last 3 months. Averbuch Formica Center exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Averbuch Formica's risk adjusted performance of (0.01), and Mean Deviation of 3.15 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Averbuch Formica's returns are expected to increase less than the market. However, during the bear market, the loss of holding Averbuch Formica is expected to be smaller as well. Averbuch Formica Center has an expected return of -0.0951%. Please make sure to confirm Averbuch Formica Center mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Averbuch Formica Center performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Averbuch Formica Center has good reverse predictability. Overlapping area represents the amount of predictability between Averbuch Formica time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Averbuch Formica Center price movement. The serial correlation of -0.54 indicates that about 54.0% of current Averbuch Formica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Averbuch Formica Center lagged returns against current returns
Autocorrelation, which is Averbuch Formica 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 Averbuch Formica's stock expected returns. We can calculate the autocorrelation of Averbuch Formica returns to help us make a trade decision. For example, suppose you find that Averbuch Formica 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 |
Averbuch Formica 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 Averbuch Formica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Averbuch Formica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Averbuch Formica stock over time.
Current vs Lagged Prices |
| Timeline |
Averbuch Formica Lagged Returns
When evaluating Averbuch Formica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Averbuch Formica stock have on its future price. Averbuch Formica 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, Averbuch Formica autocorrelation shows the relationship between Averbuch Formica stock current value and its past values and can show if there is a momentum factor associated with investing in Averbuch Formica Center.
Regressed Prices |
| Timeline |
Pair Trading with Averbuch Formica
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Averbuch Formica position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Averbuch Formica will appreciate offsetting losses from the drop in the long position's value.Moving against Averbuch Stock
| 0.59 | DCI | Direct Capital Inves | PairCorr |
| 0.57 | APLY | Aerodrome Group | PairCorr |
| 0.49 | SAFE | Safe T Group | PairCorr |
The ability to find closely correlated positions to Averbuch Formica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Averbuch Formica when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Averbuch Formica - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Averbuch Formica Center to buy it.
The correlation of Averbuch Formica is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Averbuch Formica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Averbuch Formica Center moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Averbuch Formica can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Averbuch Formica Correlation, Averbuch Formica Volatility and Averbuch Formica Alpha and Beta module to complement your research on Averbuch Formica. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Averbuch Stock analysis
When running Averbuch Formica's price analysis, check to measure Averbuch Formica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Averbuch Formica is operating at the current time. Most of Averbuch Formica's value examination focuses on studying past and present price action to predict the probability of Averbuch Formica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Averbuch Formica's price. Additionally, you may evaluate how the addition of Averbuch Formica to your portfolios can decrease your overall portfolio volatility.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |
Averbuch Formica technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.