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SPACE COMMUNICATIO (Israel) Backtesting

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SCC -- Israel Stock  

ILA 717.10  4.80  0.67%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of SPACE COMMUNICATIO and determine expected loss or profit from investing in SPACE COMMUNICATIO over given investment horizon. Additionally take a look at SPACE COMMUNICATIO Hype Analysis, SPACE COMMUNICATIO Correlation, SPACE COMMUNICATIO Valuation, SPACE COMMUNICATIO Volatility as well as analyze SPACE COMMUNICATIO Alpha and Beta and SPACE COMMUNICATIO Performance.
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Backtest

SPACE COMMUNICATIO 'What if' Analysis

November 24, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
February 22, 2020
0.00
If you would invest  0.00  in SPACE COMMUNICATIO on November 24, 2019 and sell it all today you would earn a total of 0.00 from holding SPACE COMMUNICATIO or generate 0.0% return on investment in SPACE COMMUNICATIO over 90 days. SPACE COMMUNICATIO is related to or competes with PARTNER COMMUNICAT, CELLCOM ISRAEL, and INTERNET GOLD. Space-Communication Ltd provides satellite communication services worldwide

SPACE COMMUNICATIO Upside/Downside Indicators

Information Ratio(0.26)
Maximum Drawdown19.43
Value At Risk(7.74)
Potential Upside4.71

SPACE COMMUNICATIO Market Premium Indicators

Risk Adjusted Performance(0.18)
Jensen Alpha(0.82)
Total Risk Alpha(1.05)
Treynor Ratio(3.28)

SPACE COMMUNICATIO Backtested Returns

Macroaxis considers SPACE COMMUNICATIO to be very steady. SPACE COMMUNICATIO retains Efficiency (Sharpe Ratio) of -0.4148 which indicates the firm had -0.4148% of return per unit of risk over the last 3 months. Macroaxis philosophy in 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. SPACE COMMUNICATIO exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SPACE COMMUNICATIO Risk Adjusted Performance of (0.18) to confirm risk estimate we provide. The entity owns Beta (Systematic Risk) of 0.2455 which indicates as returns on market increase, SPACE COMMUNICATIO returns are expected to increase less than the market. However during bear market, the loss on holding SPACE COMMUNICATIO will be expected to be smaller as well. Even though it is essential to pay attention to SPACE COMMUNICATIO existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis philosophy in 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. SPACE COMMUNICATIO exposes twenty-one different technical indicators which can help you to evaluate its performance. SPACE COMMUNICATIO has expected return of -1.3536%. Please be advised to validate SPACE COMMUNICATIO Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if SPACE COMMUNICATIO past performance will be repeated at future time.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.87 
correlation synergy

Very good predictability

SPACE COMMUNICATIO has very good predictability. Overlapping area represents the amount of predictability between SPACE COMMUNICATIO time series from November 24, 2019 to January 8, 2020 and January 8, 2020 to February 22, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPACE COMMUNICATIO price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current SPACE COMMUNICATIO price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.92
Residual Average0.0
Price Variance10939.77

SPACE COMMUNICATIO lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

SPACE COMMUNICATIO regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

SPACE COMMUNICATIO Lagged Returns

 Regressed Prices 
    
  Timeline 

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Additionally take a look at SPACE COMMUNICATIO Hype Analysis, SPACE COMMUNICATIO Correlation, SPACE COMMUNICATIO Valuation, SPACE COMMUNICATIO Volatility as well as analyze SPACE COMMUNICATIO Alpha and Beta and SPACE COMMUNICATIO Performance. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.