Jerusalem Economy (Israel) Backtesting

ECJM -- Israel Stock  

ILS 985.40  5.40  0.55%

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

Jerusalem Economy 'What if' Analysis

October 15, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 14, 2018
0.00
If you would invest  0.00  in Jerusalem Economy on October 15, 2018 and sell it all today you would earn a total of 0.00 from holding Jerusalem Economy Ltd or generate 0.0% return on investment in Jerusalem Economy over 60 days. Jerusalem Economy is related to or competes with Azrieli Group, Melisron Ltd, Amot Investment, Gazit Globe, BIG Shopping, Alrov Properties, and Villar International. Jerusalem Economy Ltd. engages in the development, acquisition, and construction of buildings

Jerusalem Economy Upside/Downside Indicators

Downside Deviation1.45
Information Ratio0.0276
Maximum Drawdown5.92
Value At Risk(1.92)
Potential Upside2.1
  

Jerusalem Economy Market Premium Indicators

Risk Adjusted Performance0.0018
Jensen Alpha(0.016932)
Total Risk Alpha0.0362
Sortino Ratio0.0244
Treynor Ratio0.0428

Jerusalem Economy Backtested Returns

Macroaxis considers Jerusalem Economy to be not too risky. Jerusalem Economy holds Efficiency (Sharpe) Ratio of -0.0548 which attests that Jerusalem Economy had -0.0548% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining 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. Jerusalem Economy exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Jerusalem Economy Downside Deviation of 1.45, Market Risk Adjusted Performance of 0.0528 and Risk Adjusted Performance of 0.0018 to validate risk estimate we provide. Macroaxis gives Jerusalem Economy performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.1955 which attests that as returns on market increase, returns on owning Jerusalem Economy are expected to decrease at a much smaller rate. During bear market, Jerusalem Economy is likely to outperform the market.. Even though it is essential to pay attention to Jerusalem Economy current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining 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. Jerusalem Economy exposes twenty-one different technical indicators which can help you to evaluate its performance. Jerusalem Economy has expected return of -0.0707%. Please be advised to check out Jerusalem Economy Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to decide if Jerusalem Economy past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.40) 
correlation synergy

Poor reverse predictability

Jerusalem Economy Ltd has poor reverse predictability. Overlapping area represents the amount of predictability between Jerusalem Economy time series from October 15, 2018 to November 14, 2018 and November 14, 2018 to December 14, 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 Jerusalem Economy price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Jerusalem Economy price fluctuation can be explain by its past prices. Given that Jerusalem Economy Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Jerusalem Economy for similar time interval.
Correlation Coefficient-0.4
Spearman Rank Test0.11
Residual Average0.0
Price Variance234.57

Jerusalem Economy lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Jerusalem Economy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Jerusalem Economy Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ECJM

Jerusalem Economy Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Jerusalem Economy Ltd. What is your judgment towards investing in Jerusalem Economy Ltd? Are you bullish or bearish?
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Jerusalem Economy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Jerusalem Economy and Azrieli Group. 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 Jerusalem Economy Hype Analysis, Jerusalem Economy Correlation, Jerusalem Economy Valuation, Jerusalem Economy Volatility as well as analyze Jerusalem Economy Alpha and Beta and Jerusalem Economy Performance. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.
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