Menif Financial (Israel) Market Value
| MNIF Stock | ILA 1,508 10.84 0.71% |
| Symbol | Menif |
Menif Financial '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 Menif Financial'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 Menif Financial.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Menif Financial on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Menif Financial Services or generate 0.0% return on investment in Menif Financial over 690 days. Menif Financial is related to or competes with Isracard, Jacob Finance, Bull Trading, and Blender Financial. Menif Financial Services, Ltd. provides mezzanine financing for equity to promoters and contractors in the construction ... More
Menif Financial 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 Menif Financial'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 Menif Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 11.95 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.41 |
Menif Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Menif Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Menif Financial's standard deviation. In reality, there are many statistical measures that can use Menif Financial historical prices to predict the future Menif Financial's volatility.| Risk Adjusted Performance | 0.1531 | |||
| Jensen Alpha | 0.4254 | |||
| Total Risk Alpha | 0.0745 | |||
| Sortino Ratio | 0.1294 | |||
| Treynor Ratio | (1.07) |
Menif Financial Services Backtested Returns
Menif Financial appears to be very steady, given 3 months investment horizon. Menif Financial Services has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25% return per unit of risk over the last 3 months. By analyzing Menif Financial's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Menif Financial's Mean Deviation of 1.51, risk adjusted performance of 0.1531, and Downside Deviation of 2.08 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Menif Financial holds a performance score of 19. The company secures a Beta (Market Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Menif Financial are expected to decrease at a much lower rate. During the bear market, Menif Financial is likely to outperform the market. Please check Menif Financial's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Menif Financial's current price movements will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Menif Financial Services has weak reverse predictability. Overlapping area represents the amount of predictability between Menif Financial time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Menif Financial Services price movement. The serial correlation of -0.23 indicates that over 23.0% of current Menif Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 27.8 K |
Menif Financial Services lagged returns against current returns
Autocorrelation, which is Menif Financial 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 Menif Financial's stock expected returns. We can calculate the autocorrelation of Menif Financial returns to help us make a trade decision. For example, suppose you find that Menif Financial 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 |
Menif Financial 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 Menif Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Menif Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Menif Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Menif Financial Lagged Returns
When evaluating Menif Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Menif Financial stock have on its future price. Menif Financial 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, Menif Financial autocorrelation shows the relationship between Menif Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Menif Financial Services.
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 Menif Stock
Menif Financial financial ratios help investors to determine whether Menif 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 Menif with respect to the benefits of owning Menif Financial security.