Shalag Industries (Israel) Backtesting

SALG -- Israel Stock  

ILS 1,300  1.00  0.08%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Shalag Industries Ltd and determine expected loss or profit from investing in Shalag Industries over given investment horizon. Also please take a look at Shalag Industries Hype Analysis, Shalag Industries Correlation, Shalag Industries Valuation, Shalag Industries Volatility as well as analyze Shalag Industries Alpha and Beta and Shalag Industries Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Shalag Industries 'What if' Analysis

October 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 18, 2018
0.00
If you would invest  0.00  in Shalag Industries on October 19, 2018 and sell it all today you would earn a total of 0.00 from holding Shalag Industries Ltd or generate 0.0% return on investment in Shalag Industries over 60 days. Shalag Industries is related to or competes with Avgol Industries, N R, and . Shalag Industries Ltd. develops and produces nonwoven products in Israel and internationally

Shalag Industries Upside/Downside Indicators

Information Ratio(0.030192)
Maximum Drawdown6.81
Value At Risk(2.00)
Potential Upside2.31
  

Shalag Industries Market Premium Indicators

Risk Adjusted Performance(0.19)
Jensen Alpha(0.21)
Total Risk Alpha(0.039624)
Treynor Ratio2.96

Shalag Industries Backtested Returns

Macroaxis considers Shalag Industries to be not too risky. Shalag Industries owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1178 which indicates Shalag Industries had -0.1178% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring 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. Shalag Industries Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Shalag Industries Coefficient Of Variation of (683.64) and Risk Adjusted Performance of (0.19) to confirm risk estimate we provide. Macroaxis gives Shalag Industries performance score of 0 on a scale of 0 to 100. The entity has beta of -0.0687 which indicates as returns on market increase, returns on owning Shalag Industries are expected to decrease at a much smaller rate. During bear market, Shalag Industries is likely to outperform the market.. Even though it is essential to pay attention to Shalag Industries current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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. Shalag Industries Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Shalag Industries has expected return of -0.1684%. Please be advised to validate Shalag Industries Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to decide if Shalag Industries past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.45) 
correlation synergy

Modest reverse predictability

Shalag Industries Ltd has modest reverse predictability. Overlapping area represents the amount of predictability between Shalag Industries time series from October 19, 2018 to November 18, 2018 and November 18, 2018 to December 18, 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 Shalag Industries price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Shalag Industries price fluctuation can be explain by its past prices. Given that Shalag Industries Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Shalag Industries for similar time interval.
Correlation Coefficient-0.45
Spearman Rank Test-0.03
Residual Average0.0
Price Variance325.31

Shalag Industries lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Shalag Industries regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Shalag Industries Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SALG

Shalag Industries Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in Shalag Industries Ltd. What is your outlook on investing in Shalag Industries Ltd? Are you bullish or bearish?
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Also please take a look at Shalag Industries Hype Analysis, Shalag Industries Correlation, Shalag Industries Valuation, Shalag Industries Volatility as well as analyze Shalag Industries Alpha and Beta and Shalag Industries Performance. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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