Brenmiller Energy (Israel) Backtesting

BNRG -- Israel Stock  

null 761.20  7.70  1.00%

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

Brenmiller Energy 'What if' Analysis

October 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 18, 2018
0.00
If you would invest  0.00  in Brenmiller Energy on October 19, 2018 and sell it all today you would earn a total of 0.00 from holding Brenmiller Energy Ltd or generate 0.0% return on investment in Brenmiller Energy over 60 days. Brenmiller Energy is related to or competes with El Al. Brenmiller Energy Ltd, through its storage technology, provides energy solutions to the distributed generation market

Brenmiller Energy Upside/Downside Indicators

Information Ratio(0.12)
Maximum Drawdown4.93
Value At Risk(2.22)
Potential Upside0.1676
  

Brenmiller Energy Market Premium Indicators

Risk Adjusted Performance(0.38)
Jensen Alpha(0.27)
Total Risk Alpha(0.16)
Treynor Ratio26.59

Brenmiller Energy Backtested Returns

Macroaxis considers Brenmiller Energy to be not too risky. Brenmiller Energy secures Sharpe Ratio (or Efficiency) of -0.4597 which signifies that Brenmiller Energy had -0.4597% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Brenmiller Energy Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Brenmiller Energy Mean Deviation of 0.4978 and Risk Adjusted Performance of (0.38) to double-check risk estimate we provide. Macroaxis gives Brenmiller Energy performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.0102 which signifies that as returns on market increase, returns on owning Brenmiller Energy are expected to decrease at a much smaller rate. During bear market, Brenmiller Energy is likely to outperform the market.. Even though it is essential to pay attention to Brenmiller Energy historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Brenmiller Energy Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Brenmiller Energy has expected return of -0.4003%. Please be advised to confirm Brenmiller Energy Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if Brenmiller Energy past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.88) 
correlation synergy

Excellent reverse predictability

Brenmiller Energy Ltd has excellent reverse predictability. Overlapping area represents the amount of predictability between Brenmiller Energy time series from October 19, 2018 to November 18, 2018 and November 18, 2018 to December 18, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brenmiller Energy price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Brenmiller Energy price fluctuation can be explain by its past prices. Given that Brenmiller Energy Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Brenmiller Energy for similar time interval.
Correlation Coefficient-0.88
Spearman Rank Test-0.78
Residual Average0.0
Price Variance1623.1

Brenmiller Energy lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Brenmiller Energy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Brenmiller Energy Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BNRG

Brenmiller Energy Investor Sentiment

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Brenmiller Energy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Brenmiller Energy and Enlight Renewable Energy. 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 Brenmiller Energy Hype Analysis, Brenmiller Energy Correlation, Brenmiller Energy Valuation, Brenmiller Energy Volatility as well as analyze Brenmiller Energy Alpha and Beta and Brenmiller Energy Performance. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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