Dor Alon (Israel) Market Value

DRAL Stock  ILS 7,551  47.00  0.63%   
Dor Alon's market value is the price at which a share of Dor Alon trades on a public exchange. It measures the collective expectations of Dor Alon investors about its performance. Dor Alon is trading at 7551.00 as of the 28th of March 2024, a 0.63 percent up since the beginning of the trading day. The stock's open price was 7504.0.
With this module, you can estimate the performance of a buy and hold strategy of Dor Alon and determine expected loss or profit from investing in Dor Alon over a given investment horizon. Check out Dor Alon Correlation, Dor Alon Volatility and Dor Alon Alpha and Beta module to complement your research on Dor Alon.
Symbol

Please note, there is a significant difference between Dor Alon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dor Alon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dor Alon'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.

Dor Alon '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 Dor Alon'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 Dor Alon.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/28/2024
0.00
If you would invest  0.00  in Dor Alon on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Dor Alon or generate 0.0% return on investment in Dor Alon over 720 days. Dor Alon is related to or competes with Israel China, Big Tech, Global Knafaim, and Delek. Dor Alon Energy In Israel Ltd. develops, builds, and operates fueling complexes and commercial centers in Israel More

Dor Alon 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 Dor Alon'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 Dor Alon upside and downside potential and time the market with a certain degree of confidence.

Dor Alon Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dor Alon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dor Alon's standard deviation. In reality, there are many statistical measures that can use Dor Alon historical prices to predict the future Dor Alon's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dor Alon'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.
Hype
Prediction
LowEstimatedHigh
7,5507,5517,552
Details
Intrinsic
Valuation
LowRealHigh
6,7967,7717,772
Details
Naive
Forecast
LowNextHigh
7,5107,5117,513
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7,4737,5527,630
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dor Alon. Your research has to be compared to or analyzed against Dor Alon's peers to derive any actionable benefits. When done correctly, Dor Alon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dor Alon.

Dor Alon Backtested Returns

We consider Dor Alon very steady. Dor Alon secures Sharpe Ratio (or Efficiency) of 0.0042, which denotes the company had a 0.0042% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dor Alon, which you can use to evaluate the volatility of the firm. Please confirm Dor Alon's Downside Deviation of 1.55, mean deviation of 1.23, and Coefficient Of Variation of 599.39 to check if the risk estimate we provide is consistent with the expected return of 0.0061%. The firm shows a Beta (market volatility) of 0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dor Alon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dor Alon is expected to be smaller as well. Dor Alon right now shows a risk of 1.47%. Please confirm Dor Alon jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Dor Alon will be following its price patterns.

Auto-correlation

    
  -0.23  

Weak reverse predictability

Dor Alon has weak reverse predictability. Overlapping area represents the amount of predictability between Dor Alon time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Dor Alon price movement. The serial correlation of -0.23 indicates that over 23.0% of current Dor Alon price fluctuation can be explain by its past prices.
Correlation Coefficient-0.23
Spearman Rank Test-0.06
Residual Average0.0
Price Variance243.2 K

Dor Alon lagged returns against current returns

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

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

Dor Alon Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dor Alon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dor Alon's short interest history, or implied volatility extrapolated from Dor Alon options trading.

Pair Trading with Dor Alon

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 Dor Alon 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 Dor Alon will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dor Stock

  0.67AZRG Azrieli GroupPairCorr

Moving against Dor Stock

  0.51BCOM B CommunicationsPairCorr
The ability to find closely correlated positions to Dor Alon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dor Alon 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 Dor Alon - 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 Dor Alon to buy it.
The correlation of Dor Alon 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 Dor Alon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dor Alon 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 Dor Alon 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.
Pair CorrelationCorrelation Matching
Check out Dor Alon Correlation, Dor Alon Volatility and Dor Alon Alpha and Beta module to complement your research on Dor Alon.
You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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Dor Alon 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.
A focus of Dor Alon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dor Alon trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...