Electra (Israel) Market Value
| ELTR Stock | ILS 193,430 3,430 1.81% |
| Symbol | Electra |
Electra '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 Electra'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 Electra.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Electra on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Electra or generate 0.0% return on investment in Electra over 720 days. Electra is related to or competes with Alony Hetz, Melisron, Shufersal, Israel Discount, and First International. Electra Limited operates as an electromechanical, and construction and infrastructure company in Israel and internationa... More
Electra 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 Electra'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 Electra upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.1354 | |||
| Maximum Drawdown | 8.8 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.73 |
Electra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electra's standard deviation. In reality, there are many statistical measures that can use Electra historical prices to predict the future Electra's volatility.| Risk Adjusted Performance | 0.1585 | |||
| Jensen Alpha | 0.3826 | |||
| Total Risk Alpha | 0.0592 | |||
| Sortino Ratio | 0.1334 | |||
| Treynor Ratio | 1.38 |
Electra Backtested Returns
Electra appears to be very steady, given 3 months investment horizon. Electra secures Sharpe Ratio (or Efficiency) of 0.28, which denotes the company had a 0.28% return per unit of risk over the last 3 months. By reviewing Electra's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Electra's Downside Deviation of 2.2, mean deviation of 1.72, and Coefficient Of Variation of 502.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Electra holds a performance score of 22. 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, Electra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Electra is expected to be smaller as well. Please check Electra's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Electra's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Electra has modest reverse predictability. Overlapping area represents the amount of predictability between Electra time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Electra price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Electra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 192.4 M |
Electra lagged returns against current returns
Autocorrelation, which is Electra 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 Electra's stock expected returns. We can calculate the autocorrelation of Electra returns to help us make a trade decision. For example, suppose you find that Electra 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 |
Electra 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 Electra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electra stock over time.
Current vs Lagged Prices |
| Timeline |
Electra Lagged Returns
When evaluating Electra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electra stock have on its future price. Electra 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, Electra autocorrelation shows the relationship between Electra stock current value and its past values and can show if there is a momentum factor associated with investing in Electra.
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 Electra Stock
Electra financial ratios help investors to determine whether Electra 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 Electra with respect to the benefits of owning Electra security.