Electra Ltd (Israel) Backtesting

ELTR -- Israel Stock  

ILS 84,000  3,030  3.48%

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

Electra Ltd 'What if' Analysis

October 11, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 10, 2018
0.00
If you would invest  0.00  in Electra Ltd on October 11, 2018 and sell it all today you would earn a total of 0.00 from holding Electra Ltd or generate 0.0% return on investment in Electra Ltd over 60 days. Electra Ltd is related to or competes with Shapir Engineering, Baran Group. Electra Limited operates as an electromechanical, and construction and infrastructure company in Israel and internationa...

Electra Ltd Upside/Downside Indicators

Information Ratio0.0097
Maximum Drawdown4.4
Value At Risk(2.63)
Potential Upside1.75
  

Electra Ltd Market Premium Indicators

Risk Adjusted Performance(0.17)
Jensen Alpha(0.13)
Total Risk Alpha0.0035
Treynor Ratio(0.81)

Electra Ltd Backtested Returns

Macroaxis considers Electra Ltd to be not too risky. Electra Ltd secures Sharpe Ratio (or Efficiency) of -0.1435 which denotes Electra Ltd had -0.1435% of return per unit of risk over the last 2 months. Macroaxis philosophy towards predicting 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. Electra Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Electra Ltd Coefficient Of Variation of (820.06) and Mean Deviation of 1.01 to check risk estimate we provide. Macroaxis gives Electra Ltd performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.2094 which denotes to the fact that as returns on market increase, Electra Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Electra Ltd will be expected to be smaller as well.. Even though it is essential to pay attention to Electra Ltd historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting 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. Electra Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Electra Ltd has expected return of -0.2117%. Please be advised to confirm Electra Ltd Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to decide if Electra Ltd past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.14 
correlation synergy

Insignificant predictability

Electra Ltd has insignificant predictability. Overlapping area represents the amount of predictability between Electra Ltd time series from October 11, 2018 to November 10, 2018 and November 10, 2018 to December 10, 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 Electra Ltd price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Electra Ltd price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test0.0
Residual Average0.0
Price Variance2400718.22

Electra Ltd lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Electra Ltd regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Electra Ltd Lagged Returns

 Regressed Prices 
      Timeline 

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Electra Ltd Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Electra Ltd and Shapir Engineering and. 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
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Additionally see Electra Ltd Hype Analysis, Electra Ltd Correlation, Electra Ltd Valuation, Electra Ltd Volatility as well as analyze Electra Ltd Alpha and Beta and Electra Ltd Performance. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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