Delek Group (Israel) Backtesting

DLEKG -- Israel Stock  

ILS 64,470  1,670  2.66%

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

Delek Group 'What if' Analysis

September 17, 2018
No Change 0.00  0.0%
In 31 days
October 17, 2018
If you would invest  0.00  in Delek Group on September 17, 2018 and sell it all today you would earn a total of 0.00 from holding Delek Group Ltd or generate 0.0% return on investment in Delek Group over 30 days. Delek Group is related to or competes with Bezeq Israel, Oil Refineries, Perrigo Company, Bank Leumi, Azrieli Group, Mizrahi Tefahot, and Israel Discount. Delek Group Ltd., an energy company, explores for and produces natural gas in Israel and internationally

Delek Group Upside/Downside Indicators

Maximum Drawdown7.73
Value At Risk2.05
Potential Upside3.98

Delek Group Market Premium Indicators

Risk Adjusted Performance0.01

Delek Group Ltd Backtested Returns

Macroaxis considers Delek Group not too risky given 1 month investment horizon. Delek Group Ltd secures Sharpe Ratio (or Efficiency) of 0.2382 which denotes Delek Group Ltd had 0.2382% of return per unit of risk over the last 1 month. Our philosophy towards predicting 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 Delek Group Ltd which you can use to evaluate future volatility of the firm. Please utilize Delek Group Ltd Coefficient Of Variation of 306.37 and Mean Deviation of 1.58 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Delek Group holds performance score of 15. The firm shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and Delek Group are completely uncorrelated. Although it is vital to follow to Delek Group Ltd historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards predicting 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 Delek Group Ltd technical indicators you can presently evaluate if the expected return of 0.4952% will be sustainable into the future. Please utilizes Delek Group Ltd Treynor Ratio, and the relationship between Variance and Potential Upside to make a quick decision on weather Delek Group price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.06 

Virtually no predictability

Delek Group Ltd has virtually no predictability. Overlapping area represents the amount of predictability between Delek Group time series from September 17, 2018 to October 2, 2018 and October 2, 2018 to October 17, 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 Delek Group Ltd price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Delek Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.1
Residual Average0.0
Price Variance994424.69

Delek Group Ltd lagged returns against current returns

 Current and Lagged Values 

Delek Group regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Delek Group Lagged Returns

 Regressed Prices 

Current Sentiment - DLEKG

Delek Group Ltd Investor Sentiment

Most of Macroaxis users are currently bullish on Delek Group Ltd. What is your opinion about investing in Delek Group Ltd? Are you bullish or bearish?
98% Bullish
2% Bearish

Delek Group Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Delek Group and Bezeq The Israel. 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  
Additionally see Delek Group Hype Analysis, Delek Group Correlation, Delek Group Valuation, Delek Group Volatility as well as analyze Delek Group Alpha and Beta and Delek Group Performance. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.