Jerusalem (Israel) Market Value
| JBNK Stock | ILS 1,600 8.00 0.50% |
| Symbol | Jerusalem |
Jerusalem '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 Jerusalem'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 Jerusalem.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Jerusalem on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Jerusalem or generate 0.0% return on investment in Jerusalem over 180 days. Jerusalem is related to or competes with Mizrahi Tefahot, First International, Israel Discount, Bank Leumi, and Bank Hapoalim. Bank of Jerusalem Ltd. provides commercial banking services to households, Israeli residents, and foreign residents in I... More
Jerusalem 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 Jerusalem'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 Jerusalem upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1236 | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.92 |
Jerusalem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jerusalem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jerusalem's standard deviation. In reality, there are many statistical measures that can use Jerusalem historical prices to predict the future Jerusalem's volatility.| Risk Adjusted Performance | 0.1603 | |||
| Jensen Alpha | 0.3039 | |||
| Total Risk Alpha | 0.0519 | |||
| Sortino Ratio | 0.119 | |||
| Treynor Ratio | 1.11 |
Jerusalem Backtested Returns
Jerusalem appears to be very steady, given 3 months investment horizon. Jerusalem holds Efficiency (Sharpe) Ratio of 0.31, which attests that the entity had a 0.31% return per unit of risk over the last 3 months. By evaluating Jerusalem's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Jerusalem's Downside Deviation of 1.82, risk adjusted performance of 0.1603, and Market Risk Adjusted Performance of 1.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jerusalem holds a performance score of 24. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jerusalem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jerusalem is expected to be smaller as well. Please check Jerusalem's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Jerusalem's current trending patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Jerusalem has very weak reverse predictability. Overlapping area represents the amount of predictability between Jerusalem time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Jerusalem price movement. The serial correlation of -0.03 indicates that only 3.0% of current Jerusalem price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 16.4 K |
Jerusalem lagged returns against current returns
Autocorrelation, which is Jerusalem 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 Jerusalem's stock expected returns. We can calculate the autocorrelation of Jerusalem returns to help us make a trade decision. For example, suppose you find that Jerusalem 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 |
Jerusalem 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 Jerusalem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jerusalem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jerusalem stock over time.
Current vs Lagged Prices |
| Timeline |
Jerusalem Lagged Returns
When evaluating Jerusalem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jerusalem stock have on its future price. Jerusalem 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, Jerusalem autocorrelation shows the relationship between Jerusalem stock current value and its past values and can show if there is a momentum factor associated with investing in Jerusalem.
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 Jerusalem Stock
Jerusalem financial ratios help investors to determine whether Jerusalem 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 Jerusalem with respect to the benefits of owning Jerusalem security.