AVERBUCH FORMICA (Israel) Backtesting

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AVER -- Israel Stock  

ILA 2,321  216.00  10.26%

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

AVERBUCH FORMICA 'What if' Analysis

October 23, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
January 21, 2020
0.00
If you would invest  0.00  in AVERBUCH FORMICA on October 23, 2019 and sell it all today you would earn a total of 0.00 from holding AVERBUCH FORMICA or generate 0.0% return on investment in AVERBUCH FORMICA over 90 days. Averbuch Formica Center Ltd., together with its subsidiaries, produces and trades in raw materials for wood and furnitur...

AVERBUCH FORMICA Upside/Downside Indicators

Information Ratio(0.034828)
Maximum Drawdown25.03
Value At Risk(8.17)
Potential Upside7.26

AVERBUCH FORMICA Market Premium Indicators

Risk Adjusted Performance0.0054
Jensen Alpha(0.15)
Total Risk Alpha(1.18)
Treynor Ratio(0.047888)

AVERBUCH FORMICA Backtested Returns

Macroaxis considers AVERBUCH FORMICA very steady given 3 months investment horizon. AVERBUCH FORMICA secures Sharpe Ratio (or Efficiency) of 0.0356 which signifies that the organization had 0.0356% of return per unit of risk over the last 3 months. Our approach towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for AVERBUCH FORMICA which you can use to evaluate future volatility of the firm. Please makes use of AVERBUCH FORMICA Risk Adjusted Performance of 0.0054 and Mean Deviation of 3.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 AVERBUCH FORMICA holds performance score of 2. The firm shows Beta (market volatility) of 0.9234 which signifies that AVERBUCH FORMICA returns are very sensitive to returns on the market. as market goes up or down, AVERBUCH FORMICA is expected to follow. Although it is extremely important to respect AVERBUCH FORMICA historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach 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. By reviewing AVERBUCH FORMICA technical indicators you can today evaluate if the expected return of 0.2124% will be sustainable into the future. Please makes use of AVERBUCH FORMICA Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to make a quick decision on weather AVERBUCH FORMICA price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.62) 
correlation synergy

Very good reverse predictability

AVERBUCH FORMICA has very good reverse predictability. Overlapping area represents the amount of predictability between AVERBUCH FORMICA time series from October 23, 2019 to December 7, 2019 and December 7, 2019 to January 21, 2020. 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 price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current AVERBUCH FORMICA price fluctuation can be explain by its past prices. Given that AVERBUCH FORMICA has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of AVERBUCH FORMICA for similar time interval.
Correlation Coefficient-0.62
Spearman Rank Test-0.3
Residual Average0.0
Price Variance94201.14

AVERBUCH FORMICA lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

AVERBUCH FORMICA regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

AVERBUCH FORMICA Lagged Returns

 Regressed Prices 
    
  Timeline 

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AVERBUCH FORMICA Pair Correlation

Equities Pair Trading Analysis

Please continue to AVERBUCH FORMICA Hype Analysis, AVERBUCH FORMICA Correlation, AVERBUCH FORMICA Valuation, AVERBUCH FORMICA Volatility as well as analyze AVERBUCH FORMICA Alpha and Beta and AVERBUCH FORMICA Performance. Please also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.