Elco (Israel) Market Value
| ELCO Stock | ILS 15,060 140.00 0.92% |
| Symbol | Elco |
Elco '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 Elco'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 Elco.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Elco on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Elco or generate 0.0% return on investment in Elco over 30 days. Elco is related to or competes with Aran Research, Al Bad, Analyst IMS, and Golan Plastic. Elco Ltd., together with its subsidiaries, operates in the construction, infrastructure, consumer electronics, telecommu... More
Elco 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 Elco'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 Elco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.2202 | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.08 |
Elco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elco's standard deviation. In reality, there are many statistical measures that can use Elco historical prices to predict the future Elco's volatility.| Risk Adjusted Performance | 0.2019 | |||
| Jensen Alpha | 0.5093 | |||
| Total Risk Alpha | 0.2847 | |||
| Sortino Ratio | 0.2432 | |||
| Treynor Ratio | 1.77 |
Elco Backtested Returns
Elco appears to be very steady, given 3 months investment horizon. Elco secures Sharpe Ratio (or Efficiency) of 0.38, which denotes the company had a 0.38% return per unit of standard deviation over the last 3 months. By reviewing Elco's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Elco's Mean Deviation of 1.54, downside deviation of 1.84, and Semi Deviation of 1.41 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elco holds a performance score of 29. The firm shows a Beta (market volatility) of 0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elco is expected to be smaller as well. Please check Elco's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Elco's price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Elco has very good predictability. Overlapping area represents the amount of predictability between Elco time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Elco price movement. The serial correlation of 0.82 indicates that around 82.0% of current Elco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 304.5 K |
Elco lagged returns against current returns
Autocorrelation, which is Elco 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 Elco's stock expected returns. We can calculate the autocorrelation of Elco returns to help us make a trade decision. For example, suppose you find that Elco 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 |
Elco 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 Elco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elco stock over time.
Current vs Lagged Prices |
| Timeline |
Elco Lagged Returns
When evaluating Elco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elco stock have on its future price. Elco 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, Elco autocorrelation shows the relationship between Elco stock current value and its past values and can show if there is a momentum factor associated with investing in Elco.
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 Elco Stock
Elco financial ratios help investors to determine whether Elco 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 Elco with respect to the benefits of owning Elco security.