Clal Insurance (Israel) Market Value
| CLIS Stock | ILA 7,712 112.00 1.47% |
| Symbol | Clal |
Clal Insurance '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 Clal Insurance'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 Clal Insurance.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Clal Insurance on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Clal Insurance Enterprises or generate 0.0% return on investment in Clal Insurance over 30 days. Clal Insurance is related to or competes with Migdal Insurance, Harel Insurance, Israel Discount, Bank Hapoalim, and Bank Leumi. Clal Insurance Enterprises Holdings Ltd. provides insurance and financial services in Israel More
Clal Insurance 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 Clal Insurance'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 Clal Insurance Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.1232 | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.77 |
Clal Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clal Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clal Insurance's standard deviation. In reality, there are many statistical measures that can use Clal Insurance historical prices to predict the future Clal Insurance's volatility.| Risk Adjusted Performance | 0.1554 | |||
| Jensen Alpha | 0.3339 | |||
| Total Risk Alpha | 0.0443 | |||
| Sortino Ratio | 0.124 | |||
| Treynor Ratio | 1.63 |
Clal Insurance Enter Backtested Returns
Clal Insurance appears to be very steady, given 3 months investment horizon. Clal Insurance Enter secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of standard deviation over the last 3 months. By analyzing Clal Insurance's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Clal Insurance's risk adjusted performance of 0.1554, and Mean Deviation of 1.49 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clal Insurance holds a performance score of 23. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clal Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clal Insurance is expected to be smaller as well. Please check Clal Insurance's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Clal Insurance's price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Clal Insurance Enterprises has weak reverse predictability. Overlapping area represents the amount of predictability between Clal Insurance time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Clal Insurance Enter price movement. The serial correlation of -0.23 indicates that over 23.0% of current Clal Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 14.2 K |
Clal Insurance Enter lagged returns against current returns
Autocorrelation, which is Clal Insurance 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 Clal Insurance's stock expected returns. We can calculate the autocorrelation of Clal Insurance returns to help us make a trade decision. For example, suppose you find that Clal Insurance 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 |
Clal Insurance 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 Clal Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clal Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clal Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Clal Insurance Lagged Returns
When evaluating Clal Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clal Insurance stock have on its future price. Clal Insurance 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, Clal Insurance autocorrelation shows the relationship between Clal Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Clal Insurance Enterprises.
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 Clal Stock
Clal Insurance financial ratios help investors to determine whether Clal 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 Clal with respect to the benefits of owning Clal Insurance security.