Bram Indus (Israel) Market Value
| BRAM Stock | ILA 150.80 0.00 0.00% |
| Symbol | Bram |
Bram Indus '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 Bram Indus' 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 Bram Indus.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Bram Indus on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bram Indus or generate 0.0% return on investment in Bram Indus over 30 days. Bram Indus is related to or competes with Neto ME, Aryt Industries, Kerur Holdings, Globrands, and Scope Metals. Bram Industries Ltd., through its subsidiaries, engages in the development, production, and marketing of plastic product... More
Bram Indus 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 Bram Indus' 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 Bram Indus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0144 | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.81 |
Bram Indus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bram Indus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bram Indus' standard deviation. In reality, there are many statistical measures that can use Bram Indus historical prices to predict the future Bram Indus' volatility.| Risk Adjusted Performance | 0.0414 | |||
| Jensen Alpha | 0.1552 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bram Indus' 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.
Bram Indus Backtested Returns
We consider Bram Indus very steady. Bram Indus secures Sharpe Ratio (or Efficiency) of 0.0305, which signifies that the company had a 0.0305% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Bram Indus, which you can use to evaluate the volatility of the firm. Please confirm Bram Indus' risk adjusted performance of 0.0414, and Mean Deviation of 1.58 to double-check if the risk estimate we provide is consistent with the expected return of 0.0736%. Bram Indus has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bram Indus are expected to decrease at a much lower rate. During the bear market, Bram Indus is likely to outperform the market. Bram Indus right now shows a risk of 2.42%. Please confirm Bram Indus market risk adjusted performance, semi deviation, variance, as well as the relationship between the mean deviation and downside deviation , to decide if Bram Indus will be following its price patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Bram Indus has weak reverse predictability. Overlapping area represents the amount of predictability between Bram Indus time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 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 Bram Indus price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Bram Indus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Bram Indus lagged returns against current returns
Autocorrelation, which is Bram Indus 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 Bram Indus' stock expected returns. We can calculate the autocorrelation of Bram Indus returns to help us make a trade decision. For example, suppose you find that Bram Indus 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 |
Bram Indus 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 Bram Indus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bram Indus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bram Indus stock over time.
Current vs Lagged Prices |
| Timeline |
Bram Indus Lagged Returns
When evaluating Bram Indus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bram Indus stock have on its future price. Bram Indus 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, Bram Indus autocorrelation shows the relationship between Bram Indus stock current value and its past values and can show if there is a momentum factor associated with investing in Bram Indus.
Regressed Prices |
| Timeline |
Pair Trading with Bram Indus
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 Bram Indus 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 Bram Indus will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bram Indus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bram Indus 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 Bram Indus - 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 Bram Indus to buy it.
The correlation of Bram Indus 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 Bram Indus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bram Indus 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 Bram Indus 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 Bram Indus Correlation, Bram Indus Volatility and Bram Indus Alpha and Beta module to complement your research on Bram Indus. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Bram Stock analysis
When running Bram Indus' price analysis, check to measure Bram Indus' 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 Bram Indus is operating at the current time. Most of Bram Indus' value examination focuses on studying past and present price action to predict the probability of Bram Indus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bram Indus' price. Additionally, you may evaluate how the addition of Bram Indus to your portfolios can decrease your overall portfolio volatility.
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Bram Indus 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.