Equital (Israel) Market Value
| EQTL Stock | 10,160 20.00 0.20% |
| Symbol | Equital |
Equital '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 Equital'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 Equital.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Equital on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Equital or generate 0.0% return on investment in Equital over 30 days. Equital is related to or competes with Fattal 1998, El Al, Bank Leumi, Teva Pharmaceutical, and Bezeq Israeli. Equital Ltd., through its subsidiaries, engages in the real estate, oil and gas, and residential construction businesses... More
Equital 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 Equital'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 Equital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 3.48 |
Equital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equital's standard deviation. In reality, there are many statistical measures that can use Equital historical prices to predict the future Equital's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equital'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.
Equital Backtested Returns
We consider Equital very steady. Equital secures Sharpe Ratio (or Efficiency) of 0.01, which denotes the company had a 0.01% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Equital, which you can use to evaluate the volatility of the firm. Please confirm Equital's Variance of 5.58, mean deviation of 1.94, and Standard Deviation of 2.36 to check if the risk estimate we provide is consistent with the expected return of 0.0222%. The firm shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equital is expected to be smaller as well. Equital right now shows a risk of 2.21%. Please confirm Equital skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Equital will be following its price patterns.
Auto-correlation | 0.22 |
Weak predictability
Equital has weak predictability. Overlapping area represents the amount of predictability between Equital time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Equital price movement. The serial correlation of 0.22 indicates that over 22.0% of current Equital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 120.9 K |
Equital lagged returns against current returns
Autocorrelation, which is Equital 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 Equital's stock expected returns. We can calculate the autocorrelation of Equital returns to help us make a trade decision. For example, suppose you find that Equital 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 |
Equital 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 Equital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equital stock over time.
Current vs Lagged Prices |
| Timeline |
Equital Lagged Returns
When evaluating Equital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equital stock have on its future price. Equital 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, Equital autocorrelation shows the relationship between Equital stock current value and its past values and can show if there is a momentum factor associated with investing in Equital.
Regressed Prices |
| Timeline |
Pair Trading with Equital
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 Equital 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 Equital will appreciate offsetting losses from the drop in the long position's value.Moving together with Equital Stock
| 0.61 | ILCO | Israel Corp | PairCorr |
| 0.76 | DLEKG | Delek Group | PairCorr |
The ability to find closely correlated positions to Equital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equital 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 Equital - 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 Equital to buy it.
The correlation of Equital 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 Equital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equital 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 Equital 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 Equital Correlation, Equital Volatility and Equital Alpha and Beta module to complement your research on Equital. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Equital Stock analysis
When running Equital's price analysis, check to measure Equital'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 Equital is operating at the current time. Most of Equital's value examination focuses on studying past and present price action to predict the probability of Equital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equital's price. Additionally, you may evaluate how the addition of Equital to your portfolios can decrease your overall portfolio volatility.
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Equital 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.