Africa Israel (Israel) Market Value
| AFRE Stock | ILS 22,440 360.00 1.58% |
| Symbol | Africa |
Africa Israel '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 Africa Israel'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 Africa Israel.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Africa Israel on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Africa Israel Residences or generate 0.0% return on investment in Africa Israel over 720 days. Africa Israel is related to or competes with Israel Discount, and Bank Leumi. Africa Israel Residences Ltd develops and sells residential units under the Savyonim brand in Israel More
Africa Israel 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 Africa Israel'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 Africa Israel Residences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.0349 | |||
| Maximum Drawdown | 14.07 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 3.4 |
Africa Israel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Africa Israel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Africa Israel's standard deviation. In reality, there are many statistical measures that can use Africa Israel historical prices to predict the future Africa Israel's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | 0.1535 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | 0.7454 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Africa Israel'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.
Africa Israel Residences Backtested Returns
Africa Israel appears to be very steady, given 3 months investment horizon. Africa Israel Residences secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Africa Israel Residences, which you can use to evaluate the volatility of the firm. Please makes use of Africa Israel's Downside Deviation of 2.21, mean deviation of 1.89, and Risk Adjusted Performance of 0.0529 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Africa Israel holds a performance score of 12. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Africa Israel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Africa Israel is expected to be smaller as well. Please check Africa Israel's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Africa Israel's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Africa Israel Residences has very good reverse predictability. Overlapping area represents the amount of predictability between Africa Israel 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 Africa Israel Residences price movement. The serial correlation of -0.69 indicates that around 69.0% of current Africa Israel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 5.8 M |
Africa Israel Residences lagged returns against current returns
Autocorrelation, which is Africa Israel 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 Africa Israel's stock expected returns. We can calculate the autocorrelation of Africa Israel returns to help us make a trade decision. For example, suppose you find that Africa Israel 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 |
Africa Israel 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 Africa Israel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Africa Israel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Africa Israel stock over time.
Current vs Lagged Prices |
| Timeline |
Africa Israel Lagged Returns
When evaluating Africa Israel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Africa Israel stock have on its future price. Africa Israel 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, Africa Israel autocorrelation shows the relationship between Africa Israel stock current value and its past values and can show if there is a momentum factor associated with investing in Africa Israel Residences.
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 Africa Israel 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, Africa Israel's short interest history, or implied volatility extrapolated from Africa Israel options trading.
Pair Trading with Africa Israel
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 Africa Israel 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 Africa Israel will appreciate offsetting losses from the drop in the long position's value.Moving together with Africa Stock
| 0.74 | GPGB | GP Global Power | PairCorr |
Moving against Africa Stock
| 0.45 | BOLT | BioLight Life Sciences | PairCorr |
The ability to find closely correlated positions to Africa Israel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Africa Israel 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 Africa Israel - 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 Africa Israel Residences to buy it.
The correlation of Africa Israel 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 Africa Israel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Africa Israel Residences 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 Africa Israel 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 Africa Israel Correlation, Africa Israel Volatility and Africa Israel Alpha and Beta module to complement your research on Africa Israel. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Africa Stock analysis
When running Africa Israel's price analysis, check to measure Africa Israel'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 Africa Israel is operating at the current time. Most of Africa Israel's value examination focuses on studying past and present price action to predict the probability of Africa Israel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Israel's price. Additionally, you may evaluate how the addition of Africa Israel to your portfolios can decrease your overall portfolio volatility.
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Africa Israel 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.