Emilia Devel (Israel) Market Value
| EMDV Stock | ILA 2,377 28.00 1.16% |
| Symbol | Emilia |
Emilia Devel '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 Emilia Devel'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 Emilia Devel.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Emilia Devel on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Emilia Devel or generate 0.0% return on investment in Emilia Devel over 30 days. Emilia Devel is related to or competes with Bezeq Israeli, and Elbit Systems. Emilia Development Ltd. manages a portfolio of investments in the industrial services, distribution, and logistics secto... More
Emilia Devel 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 Emilia Devel'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 Emilia Devel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 2.92 |
Emilia Devel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emilia Devel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emilia Devel's standard deviation. In reality, there are many statistical measures that can use Emilia Devel historical prices to predict the future Emilia Devel's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.0911 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emilia Devel'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.
Emilia Devel Backtested Returns
We consider Emilia Devel very steady. Emilia Devel secures Sharpe Ratio (or Efficiency) of 0.053, which denotes the company had a 0.053% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Emilia Devel, which you can use to evaluate the volatility of the firm. Please confirm Emilia Devel's Coefficient Of Variation of 2776.47, downside deviation of 2.43, and Mean Deviation of 1.52 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Emilia Devel has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Emilia Devel are expected to decrease at a much lower rate. During the bear market, Emilia Devel is likely to outperform the market. Emilia Devel right now shows a risk of 1.98%. Please confirm Emilia Devel downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Emilia Devel will be following its price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Emilia Devel has very good reverse predictability. Overlapping area represents the amount of predictability between Emilia Devel 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 Emilia Devel price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Emilia Devel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1942.19 |
Emilia Devel lagged returns against current returns
Autocorrelation, which is Emilia Devel 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 Emilia Devel's stock expected returns. We can calculate the autocorrelation of Emilia Devel returns to help us make a trade decision. For example, suppose you find that Emilia Devel 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 |
Emilia Devel 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 Emilia Devel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emilia Devel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emilia Devel stock over time.
Current vs Lagged Prices |
| Timeline |
Emilia Devel Lagged Returns
When evaluating Emilia Devel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emilia Devel stock have on its future price. Emilia Devel 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, Emilia Devel autocorrelation shows the relationship between Emilia Devel stock current value and its past values and can show if there is a momentum factor associated with investing in Emilia Devel.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Emilia Devel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Emilia Devel's short interest history, or implied volatility extrapolated from Emilia Devel options trading.
Pair Trading with Emilia Devel
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 Emilia Devel 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 Emilia Devel will appreciate offsetting losses from the drop in the long position's value.Moving together with Emilia Stock
| 0.62 | AZRG | Azrieli Group | PairCorr |
| 0.65 | EQTL | Equital | PairCorr |
The ability to find closely correlated positions to Emilia Devel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emilia Devel 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 Emilia Devel - 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 Emilia Devel to buy it.
The correlation of Emilia Devel 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 Emilia Devel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emilia Devel 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 Emilia Devel 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 Emilia Devel Correlation, Emilia Devel Volatility and Emilia Devel Alpha and Beta module to complement your research on Emilia Devel. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Emilia Stock analysis
When running Emilia Devel's price analysis, check to measure Emilia Devel'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 Emilia Devel is operating at the current time. Most of Emilia Devel's value examination focuses on studying past and present price action to predict the probability of Emilia Devel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emilia Devel's price. Additionally, you may evaluate how the addition of Emilia Devel to your portfolios can decrease your overall portfolio volatility.
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Emilia Devel 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.