Millennium Food (Israel) Market Value

MIFT Stock  ILA 205.20  8.40  4.27%   
Millennium Food's market value is the price at which a share of Millennium Food trades on a public exchange. It measures the collective expectations of Millennium Food Tech LP investors about its performance. Millennium Food is trading at 205.20 as of the 16th of March 2025, a 4.27% increase since the beginning of the trading day. The stock's open price was 196.8.
With this module, you can estimate the performance of a buy and hold strategy of Millennium Food Tech LP and determine expected loss or profit from investing in Millennium Food over a given investment horizon. Check out Millennium Food Correlation, Millennium Food Volatility and Millennium Food Alpha and Beta module to complement your research on Millennium Food.
Symbol

Please note, there is a significant difference between Millennium Food's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Food is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Food's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
202.06205.20208.34
Details
Intrinsic
Valuation
LowRealHigh
163.54166.68225.72
Details
Naive
Forecast
LowNextHigh
196.71199.85202.99
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
183.75197.04210.34
Details

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 Coefficient0.33
Spearman Rank Test-0.38
Residual Average0.0
Price Variance27.24

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  

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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.