Brimag L (Israel) Market Value
| BRMG Stock | ILA 1,803 17.00 0.93% |
| Symbol | Brimag |
Brimag L '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 Brimag L'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 Brimag L.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Brimag L on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Brimag L or generate 0.0% return on investment in Brimag L over 90 days. Brimag L is related to or competes with Ralco Agencies, Neto ME, Globrands, Nextcom, and Golan Plastic. Brimag Digital Age Ltd. imports, markets, and distributes home appliances and commercial air conditioning systems in Isr... More
Brimag L 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 Brimag L'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 Brimag L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.2266 | |||
| Maximum Drawdown | 19.16 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 4.65 |
Brimag L Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brimag L's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brimag L's standard deviation. In reality, there are many statistical measures that can use Brimag L historical prices to predict the future Brimag L's volatility.| Risk Adjusted Performance | 0.1739 | |||
| Jensen Alpha | 0.5124 | |||
| Total Risk Alpha | 0.8923 | |||
| Sortino Ratio | 0.3211 | |||
| Treynor Ratio | (2.49) |
Brimag L Backtested Returns
At this point, Brimag L is very steady. Brimag L secures Sharpe Ratio (or Efficiency) of 0.0925, which signifies that the company had a 0.0925 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Brimag L, which you can use to evaluate the volatility of the firm. Please confirm Brimag L's Risk Adjusted Performance of 0.1739, mean deviation of 1.87, and Downside Deviation of 2.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Brimag L has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brimag L are expected to decrease at a much lower rate. During the bear market, Brimag L is likely to outperform the market. Brimag L right now shows a risk of 2.07%. Please confirm Brimag L downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Brimag L will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Brimag L has modest reverse predictability. Overlapping area represents the amount of predictability between Brimag L time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brimag L price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Brimag L price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2247.48 |
Brimag L lagged returns against current returns
Autocorrelation, which is Brimag L 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 Brimag L's stock expected returns. We can calculate the autocorrelation of Brimag L returns to help us make a trade decision. For example, suppose you find that Brimag L 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 |
Brimag L 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 Brimag L stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brimag L stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brimag L stock over time.
Current vs Lagged Prices |
| Timeline |
Brimag L Lagged Returns
When evaluating Brimag L's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brimag L stock have on its future price. Brimag L 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, Brimag L autocorrelation shows the relationship between Brimag L stock current value and its past values and can show if there is a momentum factor associated with investing in Brimag L.
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 Brimag Stock
Brimag L financial ratios help investors to determine whether Brimag 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 Brimag with respect to the benefits of owning Brimag L security.