Plaza Centers (Israel) Market Value
| PLAZ Stock | ILS 219.00 7.00 3.30% |
| Symbol | Plaza |
Plaza Centers '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 Plaza Centers' 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 Plaza Centers.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Plaza Centers on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Plaza Centers NV or generate 0.0% return on investment in Plaza Centers over 720 days. Plaza Centers is related to or competes with Sure Tech, Azorim Investment, Analyst IMS, Harel Insurance, and Adgar Investments. More
Plaza Centers 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 Plaza Centers' 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 Plaza Centers NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.08 | |||
| Information Ratio | 0.0877 | |||
| Maximum Drawdown | 30.79 | |||
| Value At Risk | (8.87) | |||
| Potential Upside | 11.48 |
Plaza Centers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plaza Centers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plaza Centers' standard deviation. In reality, there are many statistical measures that can use Plaza Centers historical prices to predict the future Plaza Centers' volatility.| Risk Adjusted Performance | 0.0725 | |||
| Jensen Alpha | 0.5452 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0624 | |||
| Treynor Ratio | 1.21 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plaza Centers' 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.
Plaza Centers NV Backtested Returns
Plaza Centers NV maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of risk over the last 3 months. Plaza Centers NV exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plaza Centers' Semi Deviation of 3.92, coefficient of variation of 968.69, and Risk Adjusted Performance of 0.0725 to confirm the risk estimate we provide. The company holds a Beta of 0.48, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plaza Centers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Plaza Centers is expected to be smaller as well. Plaza Centers NV has an expected return of -0.51%. Please make sure to check Plaza Centers NV mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Plaza Centers NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Plaza Centers NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between Plaza Centers time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Plaza Centers NV price movement. The serial correlation of -0.16 indicates that over 16.0% of current Plaza Centers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 2650.58 |
Plaza Centers NV lagged returns against current returns
Autocorrelation, which is Plaza Centers 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 Plaza Centers' stock expected returns. We can calculate the autocorrelation of Plaza Centers returns to help us make a trade decision. For example, suppose you find that Plaza Centers 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 |
Plaza Centers 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 Plaza Centers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plaza Centers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plaza Centers stock over time.
Current vs Lagged Prices |
| Timeline |
Plaza Centers Lagged Returns
When evaluating Plaza Centers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plaza Centers stock have on its future price. Plaza Centers 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, Plaza Centers autocorrelation shows the relationship between Plaza Centers stock current value and its past values and can show if there is a momentum factor associated with investing in Plaza Centers NV.
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 Plaza Centers 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, Plaza Centers' short interest history, or implied volatility extrapolated from Plaza Centers options trading.
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Check out Plaza Centers Correlation, Plaza Centers Volatility and Plaza Centers Alpha and Beta module to complement your research on Plaza Centers. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Plaza Stock analysis
When running Plaza Centers' price analysis, check to measure Plaza Centers' 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 Plaza Centers is operating at the current time. Most of Plaza Centers' value examination focuses on studying past and present price action to predict the probability of Plaza Centers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plaza Centers' price. Additionally, you may evaluate how the addition of Plaza Centers to your portfolios can decrease your overall portfolio volatility.
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Plaza Centers 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.