MLRN Projects (Israel) Market Value
| MLRN Stock | ILA 702.20 2.70 0.39% |
| Symbol | MLRN |
MLRN Projects '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 MLRN Projects' 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 MLRN Projects.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in MLRN Projects on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding MLRN Projects and or generate 0.0% return on investment in MLRN Projects over 30 days. MLRN Projects is related to or competes with YD More, Feat Fund, Clal Biotechnology, Ram On, Ormat Technologies, Orbit Technologies, and Sarine Technologies. M.L.R.N Projects and Trade Ltd. provides credit to small and medium-sized businesses in Israel More
MLRN Projects 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 MLRN Projects' 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 MLRN Projects and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0997 | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 3.26 |
MLRN Projects Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MLRN Projects' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MLRN Projects' standard deviation. In reality, there are many statistical measures that can use MLRN Projects historical prices to predict the future MLRN Projects' volatility.| Risk Adjusted Performance | 0.1377 | |||
| Jensen Alpha | 0.2443 | |||
| Total Risk Alpha | 0.0278 | |||
| Sortino Ratio | 0.1394 | |||
| Treynor Ratio | 0.7751 |
MLRN Projects Backtested Returns
MLRN Projects appears to be very steady, given 3 months investment horizon. MLRN Projects has Sharpe Ratio of 0.32, which conveys that the firm had a 0.32% return per unit of volatility over the last 3 months. By inspecting MLRN Projects' technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise MLRN Projects' mean deviation of 1.14, and Risk Adjusted Performance of 0.1377 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MLRN Projects holds a performance score of 25. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MLRN Projects' returns are expected to increase less than the market. However, during the bear market, the loss of holding MLRN Projects is expected to be smaller as well. Please check MLRN Projects' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether MLRN Projects' current price movements will revert.
Auto-correlation | 0.79 |
Good predictability
MLRN Projects and has good predictability. Overlapping area represents the amount of predictability between MLRN Projects time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 MLRN Projects price movement. The serial correlation of 0.79 indicates that around 79.0% of current MLRN Projects price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 267.48 |
MLRN Projects lagged returns against current returns
Autocorrelation, which is MLRN Projects 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 MLRN Projects' stock expected returns. We can calculate the autocorrelation of MLRN Projects returns to help us make a trade decision. For example, suppose you find that MLRN Projects 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 |
MLRN Projects 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 MLRN Projects stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MLRN Projects stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MLRN Projects stock over time.
Current vs Lagged Prices |
| Timeline |
MLRN Projects Lagged Returns
When evaluating MLRN Projects' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MLRN Projects stock have on its future price. MLRN Projects 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, MLRN Projects autocorrelation shows the relationship between MLRN Projects stock current value and its past values and can show if there is a momentum factor associated with investing in MLRN Projects and.
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 MLRN Stock
MLRN Projects financial ratios help investors to determine whether MLRN 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 MLRN with respect to the benefits of owning MLRN Projects security.