Azorim Investment (Israel) Market Value
AZRM Stock | ILS 1,669 54.00 3.34% |
Symbol | Azorim |
Azorim Investment '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 Azorim Investment'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 Azorim Investment.
07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Azorim Investment on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding Azorim Investment Development or generate 0.0% return on investment in Azorim Investment over 660 days. Azorim Investment is related to or competes with Clal Insurance, Israel Discount, Bezeq Israeli, Alony Hetz, and Harel Insurance. The company constructs residential apartments, including garden apartments, mini penthouses, and penthouses, as well as ... More
Azorim Investment 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 Azorim Investment'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 Azorim Investment Development upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.88 | |||
Information Ratio | 0.0417 | |||
Maximum Drawdown | 12.81 | |||
Value At Risk | (2.93) | |||
Potential Upside | 5.01 |
Azorim Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azorim Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azorim Investment's standard deviation. In reality, there are many statistical measures that can use Azorim Investment historical prices to predict the future Azorim Investment's volatility.Risk Adjusted Performance | 0.0566 | |||
Jensen Alpha | 0.2222 | |||
Total Risk Alpha | (0.16) | |||
Sortino Ratio | 0.0576 | |||
Treynor Ratio | (0.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Azorim Investment'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.
Azorim Investment Backtested Returns
Azorim Investment appears to be very steady, given 3 months investment horizon. Azorim Investment secures Sharpe Ratio (or Efficiency) of 0.084, which signifies that the company had a 0.084% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Azorim Investment Development, which you can use to evaluate the volatility of the firm. Please makes use of Azorim Investment's Risk Adjusted Performance of 0.0566, mean deviation of 1.94, and Downside Deviation of 1.88 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azorim Investment holds a performance score of 6. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Azorim Investment are expected to decrease at a much lower rate. During the bear market, Azorim Investment is likely to outperform the market. Please check Azorim Investment's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Azorim Investment's price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Azorim Investment Development has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Azorim Investment time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 to 24th 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 Azorim Investment price movement. The serial correlation of -0.77 indicates that around 77.0% of current Azorim Investment price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.77 | |
Spearman Rank Test | -0.8 | |
Residual Average | 0.0 | |
Price Variance | 56.9 K |
Azorim Investment lagged returns against current returns
Autocorrelation, which is Azorim Investment 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 Azorim Investment's stock expected returns. We can calculate the autocorrelation of Azorim Investment returns to help us make a trade decision. For example, suppose you find that Azorim Investment 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 |
Azorim Investment 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 Azorim Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azorim Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azorim Investment stock over time.
Current vs Lagged Prices |
Timeline |
Azorim Investment Lagged Returns
When evaluating Azorim Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azorim Investment stock have on its future price. Azorim Investment 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, Azorim Investment autocorrelation shows the relationship between Azorim Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Azorim Investment Development.
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 Azorim Investment 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, Azorim Investment's short interest history, or implied volatility extrapolated from Azorim Investment options trading.
Pair Trading with Azorim Investment
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 Azorim Investment 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 Azorim Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Azorim Stock
0.74 | ILCO | Israel Corp | PairCorr |
Moving against Azorim Stock
0.64 | ARAD | Arad Investment Indu | PairCorr |
The ability to find closely correlated positions to Azorim Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azorim Investment 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 Azorim Investment - 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 Azorim Investment Development to buy it.
The correlation of Azorim Investment 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 Azorim Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azorim Investment 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 Azorim Investment 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 Azorim Investment Correlation, Azorim Investment Volatility and Azorim Investment Alpha and Beta module to complement your research on Azorim Investment. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Azorim Stock analysis
When running Azorim Investment's price analysis, check to measure Azorim Investment'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 Azorim Investment is operating at the current time. Most of Azorim Investment's value examination focuses on studying past and present price action to predict the probability of Azorim Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azorim Investment's price. Additionally, you may evaluate how the addition of Azorim Investment to your portfolios can decrease your overall portfolio volatility.
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
Azorim Investment 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.