YD More (Israel) Market Value
| MRIN Stock | 1,335 65.00 4.64% |
| Symbol | MRIN |
YD More '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 YD More'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 YD More.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in YD More on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding YD More Investments or generate 0.0% return on investment in YD More over 30 days. YD More is related to or competes with Bank Leumi, Mizrahi Tefahot, Israel Discount, Bank Hapoalim, and Enlight Renewable. More Investments Ltd engages in the investment management business in Israel More
YD More 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 YD More'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 YD More Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.2414 | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.42 |
YD More Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YD More's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YD More's standard deviation. In reality, there are many statistical measures that can use YD More historical prices to predict the future YD More's volatility.| Risk Adjusted Performance | 0.2376 | |||
| Jensen Alpha | 0.7086 | |||
| Total Risk Alpha | 0.2965 | |||
| Sortino Ratio | 0.2452 | |||
| Treynor Ratio | (2.57) |
YD More Investments Backtested Returns
YD More is very steady given 3 months investment horizon. YD More Investments retains Efficiency (Sharpe Ratio) of 0.47, which attests that the company had a 0.47% return per unit of price deviation over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use YD More Investments standard deviation of 2.27, and Market Risk Adjusted Performance of (2.56) to evaluate company specific risk that cannot be diversified away. YD More holds a performance score of 36 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning YD More are expected to decrease at a much lower rate. During the bear market, YD More is likely to outperform the market. Use YD More Investments downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on YD More Investments.
Auto-correlation | 0.81 |
Very good predictability
YD More Investments has very good predictability. Overlapping area represents the amount of predictability between YD More time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 YD More Investments price movement. The serial correlation of 0.81 indicates that around 81.0% of current YD More price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2332.89 |
YD More Investments lagged returns against current returns
Autocorrelation, which is YD More 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 YD More's stock expected returns. We can calculate the autocorrelation of YD More returns to help us make a trade decision. For example, suppose you find that YD More 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 |
YD More 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 YD More stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YD More stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YD More stock over time.
Current vs Lagged Prices |
| Timeline |
YD More Lagged Returns
When evaluating YD More's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YD More stock have on its future price. YD More 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, YD More autocorrelation shows the relationship between YD More stock current value and its past values and can show if there is a momentum factor associated with investing in YD More Investments.
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 MRIN Stock
YD More financial ratios help investors to determine whether MRIN 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 MRIN with respect to the benefits of owning YD More security.