MirLand Development (Israel) Backtesting

MLD -- Israel Stock  

null 62.10  0.10  0.16%

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

MirLand Development 'What if' Analysis

October 14, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 13, 2018
0.00
If you would invest  0.00  in MirLand Development on October 14, 2018 and sell it all today you would earn a total of 0.00 from holding MirLand Development Corporation Plc or generate 0.0% return on investment in MirLand Development over 60 days. MirLand Development is related to or competes with Azrieli Group, Amot Investment, Gazit Globe, Villar International, Ashtrom Properties, Norstar Holdings, and Y H. MirLand Development Corporation Plc acquires, invests in, develops, constructs, leases, and sells commercial and residen...

MirLand Development Upside/Downside Indicators

Information Ratio(0.36)
Maximum Drawdown20.55
Value At Risk(7.27)
Potential Upside2.31
  

MirLand Development Market Premium Indicators

Risk Adjusted Performance(0.46)
Jensen Alpha(1.43)
Total Risk Alpha(1.28)
Treynor Ratio2.62

MirLand Development Plc Backtested Returns

Macroaxis considers MirLand Development to be not too volatile. MirLand Development Plc has Sharpe Ratio of -0.3908 which conveys that MirLand Development Plc had -0.3908% of return per unit of risk over the last 2 months. Macroaxis philosophy towards estimating 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. MirLand Development exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify MirLand Development Corporation Plc Mean Deviation of 2.56 and Risk Adjusted Performance of (0.46) to check out risk estimate we provide. Macroaxis gives MirLand Development performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.5371 which conveys that as returns on market increase, returns on owning MirLand Development are expected to decrease at a much smaller rate. During bear market, MirLand Development is likely to outperform the market.. Even though it is essential to pay attention to MirLand Development Plc price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. MirLand Development exposes twenty-one different technical indicators which can help you to evaluate its performance. MirLand Development Plc has expected return of -1.4896%. Please be advised to verify MirLand Development Corporation Plc Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if MirLand Development Plc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.92 
correlation synergy

Excellent predictability

MirLand Development Corporation Plc has excellent predictability. Overlapping area represents the amount of predictability between MirLand Development time series from October 14, 2018 to November 13, 2018 and November 13, 2018 to December 13, 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 MirLand Development Plc price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current MirLand Development price fluctuation can be explain by its past prices.
Correlation Coefficient0.92
Spearman Rank Test0.7
Residual Average0.0
Price Variance187.77

MirLand Development Plc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

MirLand Development regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

MirLand Development Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also MirLand Development Hype Analysis, MirLand Development Correlation, MirLand Development Valuation, MirLand Development Volatility as well as analyze MirLand Development Alpha and Beta and MirLand Development Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.
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