Azrieli (Israel) Market Value
| AZRG Stock | ILS 29,160 240.00 0.82% |
| Symbol | Azrieli |
Azrieli '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 Azrieli's 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 Azrieli.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Azrieli on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Azrieli Group or generate 0.0% return on investment in Azrieli over 60 days. Azrieli is related to or competes with Melisron, Bank Leumi, Bank Hapoalim, Amot Investments, and Israel Discount. The company operates in five segments Retail Centers and Malls in Israel, Office and Other Space for Lease in Israel, In... More
Azrieli 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 Azrieli's 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 Azrieli Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0661 | |||
| Maximum Drawdown | 9.7 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.77 |
Azrieli Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azrieli's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azrieli's standard deviation. In reality, there are many statistical measures that can use Azrieli historical prices to predict the future Azrieli's volatility.| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 0.209 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0727 | |||
| Treynor Ratio | 0.6104 |
Azrieli Group Backtested Returns
Azrieli appears to be very steady, given 3 months investment horizon. Azrieli Group secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Azrieli Group, which you can use to evaluate the volatility of the firm. Please makes use of Azrieli's Risk Adjusted Performance of 0.1017, mean deviation of 1.66, and Downside Deviation of 1.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azrieli holds a performance score of 13. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Azrieli's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azrieli is expected to be smaller as well. Please check Azrieli's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Azrieli's price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Azrieli Group has very weak predictability. Overlapping area represents the amount of predictability between Azrieli time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 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 Azrieli Group price movement. The serial correlation of 0.18 indicates that over 18.0% of current Azrieli price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 334.1 K |
Azrieli Group lagged returns against current returns
Autocorrelation, which is Azrieli 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 Azrieli's stock expected returns. We can calculate the autocorrelation of Azrieli returns to help us make a trade decision. For example, suppose you find that Azrieli 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 |
Azrieli 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 Azrieli stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azrieli stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azrieli stock over time.
Current vs Lagged Prices |
| Timeline |
Azrieli Lagged Returns
When evaluating Azrieli's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azrieli stock have on its future price. Azrieli 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, Azrieli autocorrelation shows the relationship between Azrieli stock current value and its past values and can show if there is a momentum factor associated with investing in Azrieli Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Azrieli Stock
Azrieli financial ratios help investors to determine whether Azrieli Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Azrieli with respect to the benefits of owning Azrieli security.