Africa Israel (Israel) Backtesting

AFRE -- Israel Stock  

ILS 7,569  115.00  1.50%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Africa Israel Residences Ltd and determine expected loss or profit from investing in Africa Israel over given investment horizon. Check also Africa Israel Hype Analysis, Africa Israel Correlation, Africa Israel Valuation, Africa Israel Volatility as well as analyze Africa Israel Alpha and Beta and Africa Israel Performance.
Horizon     30 Days    Login   to change

Africa Israel 'What if' Analysis

May 18, 2019
No Change 0.00  0.0%
In 2 months and 2 days
July 17, 2019
If you would invest  0.00  in Africa Israel on May 18, 2019 and sell it all today you would earn a total of 0.00 from holding Africa Israel Residences Ltd or generate 0.0% return on investment in Africa Israel over 60 days. Africa Israel is related to or competes with Airport City, Bayside Land, Brack Capital, Ashtrom Group, Israel Canada, Israel Land, and Hiron Trade. Africa Israel Residences Ltd builds and sells apartments under the Savyonim brand in Israel

Africa Israel Upside/Downside Indicators

Downside Deviation3.01
Information Ratio0.0462
Maximum Drawdown12.74
Value At Risk(3.89)
Potential Upside3.18

Africa Israel Market Premium Indicators

Risk Adjusted Performance0.081
Jensen Alpha0.3652
Total Risk Alpha(0.22)
Sortino Ratio0.0337
Treynor Ratio(0.26)

Africa Israel Residences Backtested Returns

Macroaxis considers Africa Israel very steady given 2 months investment horizon. Africa Israel Residences secures Sharpe Ratio (or Efficiency) of 0.3121 which signifies that the organization had 0.3121% of return per unit of risk over the last 2 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing Africa Israel Residences technical indicators you can presently evaluate if the expected return of 0.6314% is justified by implied risk. Please makes use of Africa Israel Residences Downside Deviation of 3.01, Mean Deviation of 1.28 and Risk Adjusted Performance of 0.081 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Africa Israel holds performance score of 21. The firm shows Beta (market volatility) of -0.9241 which signifies that Although it is vital to follow to Africa Israel Residences historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for Africa Israel Residences Ltd which you can use to evaluate performance of the firm. Please makes use of Africa Israel Residences Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to make a quick decision on weather Africa Israel price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.98 
correlation synergy

Excellent predictability

Africa Israel Residences Ltd has excellent predictability. Overlapping area represents the amount of predictability between Africa Israel time series from May 18, 2019 to June 17, 2019 and June 17, 2019 to July 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Africa Israel Residences price movement. The serial correlation of 0.98 indicates that 98.0% of current Africa Israel price fluctuation can be explain by its past prices.
Correlation Coefficient0.98
Spearman Rank Test0.8
Residual Average0.0
Price Variance436.69

Africa Israel Residences lagged returns against current returns

 Current and Lagged Values 

Africa Israel regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Africa Israel Lagged Returns

 Regressed Prices 

Current Sentiment - AFRE

Africa Israel Residences Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Africa Israel Residences Ltd. What is your sentiment towards investing in Africa Israel Residences Ltd? Are you bullish or bearish?
50% Bullish
50% Bearish

Africa Israel Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Africa Israel and Airport City. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Africa Israel Hype Analysis, Africa Israel Correlation, Africa Israel Valuation, Africa Israel Volatility as well as analyze Africa Israel Alpha and Beta and Africa Israel Performance. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.