MirLand Development (Israel) Backtesting

MLD -- Israel Stock  

null 124.70  0.10  0.08%

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

MirLand Development 'What if' Analysis

September 16, 2018
No Change 0.00  0.0%
In 30 days
October 16, 2018
If you would invest  0.00  in MirLand Development on September 16, 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 30 days. MirLand Development is related to or competes with Bezeq Israel, Oil Refineries, Perrigo Company, Bank Leumi, Israel Chemicals, NICE Ltd, and Azrieli Group. MirLand Development Corporation Plc acquires, invests in, develops, constructs, leases, and sells commercial and residen...

MirLand Development Upside/Downside Indicators

Maximum Drawdown9.59
Value At Risk1.68
Potential Upside6.62

MirLand Development Market Premium Indicators

Risk Adjusted Performance0.01

MirLand Development Plc Backtested Returns

Macroaxis considers MirLand Development not too risky given 1 month investment horizon. MirLand Development Plc has Sharpe Ratio of 0.3248 which conveys that MirLand Development Plc had 0.3248% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing MirLand Development Plc technical indicators you can presently evaluate if the expected return of 0.8487% is justified by implied risk. Please exercise MirLand Development Corporation Plc Mean Deviation of 1.68 and Risk Adjusted Performance of 0.01 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 MirLand Development holds performance score of 21. The company secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and MirLand Development are completely uncorrelated. Although it is vital to follow to MirLand Development Plc price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for MirLand Development which you can use to evaluate performance of the firm. Please exercises MirLand Development Corporation Plc Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to make a quick decision on weather MirLand Development Plc current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.06) 

Very weak reverse predictability

MirLand Development Corporation Plc has very weak reverse predictability. Overlapping area represents the amount of predictability between MirLand Development time series from September 16, 2018 to October 1, 2018 and October 1, 2018 to October 16, 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 -0.06 indicates that barely 6.0% of current MirLand Development price fluctuation can be explain by its past prices. Given that MirLand Development Corporation Plc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of MirLand Development for similar time interval.
Correlation Coefficient-0.06
Spearman Rank Test-0.25
Residual Average0.0
Price Variance30.44

MirLand Development Plc lagged returns against current returns

 Current and Lagged Values 

MirLand Development regressed lagged prices vs. current prices

 Current vs Lagged Prices 

MirLand Development Lagged Returns

 Regressed Prices 

Current Sentiment - MLD

MirLand Development Plc Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in MirLand Development Corporation Plc. What is your trading attitude regarding investing in MirLand Development Corporation Plc? Are you bullish or bearish?
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50% Bearish

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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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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