Mordechai Aviv (Israel) Market Value
| AVIV Stock | ILS 1,381 8.00 0.58% |
| Symbol | Mordechai |
Mordechai Aviv '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 Mordechai Aviv'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 Mordechai Aviv.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Mordechai Aviv on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mordechai Aviv Taasiot or generate 0.0% return on investment in Mordechai Aviv over 30 days. Mordechai Aviv is related to or competes with Ashtrom, and Prashkovsky. Mordechai Aviv Taasiot Beniyah Ltd. operates as a real estate company in Israel and internationally More
Mordechai Aviv 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 Mordechai Aviv'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 Mordechai Aviv Taasiot upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.67 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 7.24 |
Mordechai Aviv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mordechai Aviv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mordechai Aviv's standard deviation. In reality, there are many statistical measures that can use Mordechai Aviv historical prices to predict the future Mordechai Aviv's volatility.| Risk Adjusted Performance | 0.0102 | |||
| Jensen Alpha | 0.0086 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mordechai Aviv'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.
Mordechai Aviv Taasiot Backtested Returns
Mordechai Aviv Taasiot has Sharpe Ratio of -0.0428, which conveys that the firm had a -0.0428% return per unit of risk over the last 3 months. Mordechai Aviv exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mordechai Aviv's Risk Adjusted Performance of 0.0102, mean deviation of 2.17, and Downside Deviation of 3.14 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mordechai Aviv are expected to decrease at a much lower rate. During the bear market, Mordechai Aviv is likely to outperform the market. Mordechai Aviv Taasiot has an expected return of -0.11%. Please make sure to verify Mordechai Aviv Taasiot jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Mordechai Aviv Taasiot performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Mordechai Aviv Taasiot has good predictability. Overlapping area represents the amount of predictability between Mordechai Aviv time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Mordechai Aviv Taasiot price movement. The serial correlation of 0.7 indicates that around 70.0% of current Mordechai Aviv price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 585.25 |
Mordechai Aviv Taasiot lagged returns against current returns
Autocorrelation, which is Mordechai Aviv 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 Mordechai Aviv's stock expected returns. We can calculate the autocorrelation of Mordechai Aviv returns to help us make a trade decision. For example, suppose you find that Mordechai Aviv 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 |
Mordechai Aviv 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 Mordechai Aviv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mordechai Aviv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mordechai Aviv stock over time.
Current vs Lagged Prices |
| Timeline |
Mordechai Aviv Lagged Returns
When evaluating Mordechai Aviv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mordechai Aviv stock have on its future price. Mordechai Aviv 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, Mordechai Aviv autocorrelation shows the relationship between Mordechai Aviv stock current value and its past values and can show if there is a momentum factor associated with investing in Mordechai Aviv Taasiot.
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 Mordechai Aviv 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, Mordechai Aviv's short interest history, or implied volatility extrapolated from Mordechai Aviv options trading.
Pair Trading with Mordechai Aviv
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 Mordechai Aviv 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 Mordechai Aviv will appreciate offsetting losses from the drop in the long position's value.Moving together with Mordechai Stock
| 0.64 | NZHT | Netz Hotels | PairCorr |
Moving against Mordechai Stock
| 0.59 | BMDX | Biomedix Incubator | PairCorr |
| 0.53 | ISOP-L | Israel Opportunity | PairCorr |
| 0.41 | XTLB | XTL Biopharmaceuticals Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Mordechai Aviv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mordechai Aviv 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 Mordechai Aviv - 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 Mordechai Aviv Taasiot to buy it.
The correlation of Mordechai Aviv 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 Mordechai Aviv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mordechai Aviv Taasiot 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 Mordechai Aviv 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 Mordechai Aviv Correlation, Mordechai Aviv Volatility and Mordechai Aviv Alpha and Beta module to complement your research on Mordechai Aviv. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Mordechai Stock analysis
When running Mordechai Aviv's price analysis, check to measure Mordechai Aviv'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 Mordechai Aviv is operating at the current time. Most of Mordechai Aviv's value examination focuses on studying past and present price action to predict the probability of Mordechai Aviv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mordechai Aviv's price. Additionally, you may evaluate how the addition of Mordechai Aviv to your portfolios can decrease your overall portfolio volatility.
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Mordechai Aviv 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.