Ellomay Capital (Israel) Market Value

ELLO Stock  ILS 6,043  232.00  3.99%   
Ellomay Capital's market value is the price at which a share of Ellomay Capital trades on a public exchange. It measures the collective expectations of Ellomay Capital investors about its performance. Ellomay Capital is trading at 6043.00 as of the 28th of March 2024, a 3.99 percent increase since the beginning of the trading day. The stock's open price was 5811.0.
With this module, you can estimate the performance of a buy and hold strategy of Ellomay Capital and determine expected loss or profit from investing in Ellomay Capital over a given investment horizon. Check out Ellomay Capital Correlation, Ellomay Capital Volatility and Ellomay Capital Alpha and Beta module to complement your research on Ellomay Capital.
For information on how to trade Ellomay Stock refer to our How to Trade Ellomay Stock guide.
Symbol

Please note, there is a significant difference between Ellomay Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellomay Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellomay Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ellomay Capital '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 Ellomay Capital'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 Ellomay Capital.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Ellomay Capital on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ellomay Capital or generate 0.0% return on investment in Ellomay Capital over 30 days. Ellomay Capital is related to or competes with Clal Insurance, Seach Medical, Epitomee Medical, B Communications, Electreon Wireless, and Scope Metals. Ellomay Capital Ltd., together with its subsidiaries, produces and sells renewable and clean energy in Israel, Italy, Sp... More

Ellomay Capital 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 Ellomay Capital'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 Ellomay Capital upside and downside potential and time the market with a certain degree of confidence.

Ellomay Capital Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellomay Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellomay Capital's standard deviation. In reality, there are many statistical measures that can use Ellomay Capital historical prices to predict the future Ellomay Capital's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ellomay Capital'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.
Hype
Prediction
LowEstimatedHigh
5,8095,8115,813
Details
Intrinsic
Valuation
LowRealHigh
5,5775,5796,392
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ellomay Capital. Your research has to be compared to or analyzed against Ellomay Capital's peers to derive any actionable benefits. When done correctly, Ellomay Capital's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ellomay Capital.

Ellomay Capital Backtested Returns

Ellomay Capital secures Sharpe Ratio (or Efficiency) of -0.0147, which denotes the company had a -0.0147% return per unit of risk over the last 3 months. Ellomay Capital exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ellomay Capital's Coefficient Of Variation of 906.56, mean deviation of 1.65, and Downside Deviation of 2.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Ellomay Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ellomay Capital is expected to be smaller as well. Ellomay Capital has an expected return of -0.0301%. Please make sure to confirm Ellomay Capital jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Ellomay Capital performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.34  

Below average predictability

Ellomay Capital has below average predictability. Overlapping area represents the amount of predictability between Ellomay Capital time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Ellomay Capital price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Ellomay Capital price fluctuation can be explain by its past prices.
Correlation Coefficient0.34
Spearman Rank Test0.43
Residual Average0.0
Price Variance12.2 K

Ellomay Capital lagged returns against current returns

Autocorrelation, which is Ellomay Capital 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 Ellomay Capital's stock expected returns. We can calculate the autocorrelation of Ellomay Capital returns to help us make a trade decision. For example, suppose you find that Ellomay Capital 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  

Ellomay Capital 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 Ellomay Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellomay Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellomay Capital stock over time.
   Current vs Lagged Prices   
       Timeline  

Ellomay Capital Lagged Returns

When evaluating Ellomay Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellomay Capital stock have on its future price. Ellomay Capital 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, Ellomay Capital autocorrelation shows the relationship between Ellomay Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Ellomay Capital.
   Regressed Prices   
       Timeline  

Pair Trading with Ellomay Capital

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 Ellomay Capital 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 Ellomay Capital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ellomay Stock

  0.71CLIS Clal Insurance Enter Earnings Call TodayPairCorr
The ability to find closely correlated positions to Ellomay Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellomay Capital 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 Ellomay Capital - 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 Ellomay Capital to buy it.
The correlation of Ellomay Capital 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 Ellomay Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellomay Capital 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 Ellomay Capital 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.
Pair CorrelationCorrelation Matching
When determining whether Ellomay Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellomay Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellomay Capital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellomay Capital Stock:
Check out Ellomay Capital Correlation, Ellomay Capital Volatility and Ellomay Capital Alpha and Beta module to complement your research on Ellomay Capital.
For information on how to trade Ellomay Stock refer to our How to Trade Ellomay Stock guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Ellomay Stock analysis

When running Ellomay Capital's price analysis, check to measure Ellomay Capital'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 Ellomay Capital is operating at the current time. Most of Ellomay Capital's value examination focuses on studying past and present price action to predict the probability of Ellomay Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ellomay Capital's price. Additionally, you may evaluate how the addition of Ellomay Capital to your portfolios can decrease your overall portfolio volatility.
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Ellomay Capital 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.
A focus of Ellomay Capital technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ellomay Capital trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...