Millennium Food (Israel) Market Value
| MIFT Stock | ILA 205.20 8.40 4.27% |
| Symbol | Millennium |
Millennium Food '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 Millennium Food'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 Millennium Food.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Millennium Food on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Millennium Food Tech LP or generate 0.0% return on investment in Millennium Food over 90 days. Millennium Food is related to or competes with Elron Electronic, Spuntech, Blender Financial, WhiteSmoke Software, Clal Insurance, Magic Software, and Unic Tech. Millennium Food Tech Limited Partnership operates as a food technology company in Israel More
Millennium Food 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 Millennium Food'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 Millennium Food Tech LP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.0575 | |||
| Maximum Drawdown | 19.59 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 4.33 |
Millennium Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millennium Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millennium Food's standard deviation. In reality, there are many statistical measures that can use Millennium Food historical prices to predict the future Millennium Food's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.5122 | |||
| Sortino Ratio | 0.0559 | |||
| Treynor Ratio | (0.11) |
Millennium Food Tech Backtested Returns
Millennium Food appears to be very steady, given 3 months investment horizon. Millennium Food Tech has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Millennium Food, which you can use to evaluate the volatility of the firm. Please exercise Millennium Food's Downside Deviation of 3.5, risk adjusted performance of 0.0321, and Mean Deviation of 2.57 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Millennium Food holds a performance score of 9. The company secures a Beta (Market Risk) of -0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Millennium Food are expected to decrease at a much lower rate. During the bear market, Millennium Food is likely to outperform the market. Please check Millennium Food's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Millennium Food's current price movements will revert.
Auto-correlation | 0.33 |
Below average predictability
Millennium Food Tech LP has below average predictability. Overlapping area represents the amount of predictability between Millennium Food time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Millennium Food Tech price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Millennium Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 27.24 |
Millennium Food Tech lagged returns against current returns
Autocorrelation, which is Millennium Food 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 Millennium Food's stock expected returns. We can calculate the autocorrelation of Millennium Food returns to help us make a trade decision. For example, suppose you find that Millennium Food 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 |
Millennium Food 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 Millennium Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millennium Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millennium Food stock over time.
Current vs Lagged Prices |
| Timeline |
Millennium Food Lagged Returns
When evaluating Millennium Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millennium Food stock have on its future price. Millennium Food 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, Millennium Food autocorrelation shows the relationship between Millennium Food stock current value and its past values and can show if there is a momentum factor associated with investing in Millennium Food Tech LP.
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 Millennium Stock
Millennium Food financial ratios help investors to determine whether Millennium 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 Millennium with respect to the benefits of owning Millennium Food security.