Elbit Medical (Israel) Market Value
| EMTC-M Stock | 18.10 1.70 8.59% |
| Symbol | Elbit |
Elbit Medical '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 Elbit Medical'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 Elbit Medical.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Elbit Medical on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Elbit Medical Technologies or generate 0.0% return on investment in Elbit Medical over 360 days. Elbit Medical is related to or competes with Nice, Gold Bond, Bank Leumi, ICL Israel, Mizrahi Tefahot, Azrieli, and Elbit Systems. More
Elbit Medical 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 Elbit Medical'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 Elbit Medical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.64 | |||
| Information Ratio | 0.0094 | |||
| Maximum Drawdown | 27.5 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 9.03 |
Elbit Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elbit Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elbit Medical's standard deviation. In reality, there are many statistical measures that can use Elbit Medical historical prices to predict the future Elbit Medical's volatility.| Risk Adjusted Performance | 0.033 | |||
| Jensen Alpha | 0.2542 | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | 0.006 | |||
| Treynor Ratio | (0.22) |
Elbit Medical Techno Backtested Returns
Elbit Medical appears to be somewhat reliable, given 3 months investment horizon. Elbit Medical Techno secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Elbit Medical Technologies, which you can use to evaluate the volatility of the firm. Please utilize Elbit Medical's Semi Deviation of 4.67, mean deviation of 3.3, and Downside Deviation of 8.64 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elbit Medical holds a performance score of 8. The firm shows a Beta (market volatility) of -0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Elbit Medical are expected to decrease at a much lower rate. During the bear market, Elbit Medical is likely to outperform the market. Please check Elbit Medical'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 Elbit Medical's price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Elbit Medical Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Elbit Medical time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Elbit Medical Techno price movement. The serial correlation of -0.73 indicates that around 73.0% of current Elbit Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 8.49 |
Elbit Medical Techno lagged returns against current returns
Autocorrelation, which is Elbit Medical 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 Elbit Medical's stock expected returns. We can calculate the autocorrelation of Elbit Medical returns to help us make a trade decision. For example, suppose you find that Elbit Medical 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 |
Elbit Medical 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 Elbit Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elbit Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elbit Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Elbit Medical Lagged Returns
When evaluating Elbit Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elbit Medical stock have on its future price. Elbit Medical 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, Elbit Medical autocorrelation shows the relationship between Elbit Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Elbit Medical Technologies.
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 Elbit Stock
Elbit Medical financial ratios help investors to determine whether Elbit 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 Elbit with respect to the benefits of owning Elbit Medical security.