Plaza Centers (Israel) Market Value
| PLAZ-L Stock | 138.30 1.50 1.07% |
| Symbol | Plaza |
Plaza Centers '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 Plaza Centers' 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 Plaza Centers.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Plaza Centers on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Plaza Centers NV or generate 0.0% return on investment in Plaza Centers over 90 days. Plaza Centers is related to or competes with ICL Israel, Gamatronic Electronic, Orbit Technologies, Wesure Global, and TAT Technologies. Previously it was engaged in the establishment, operation, and sale of shopping and entertainment centers, as well as ot... More
Plaza Centers 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 Plaza Centers' 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 Plaza Centers NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (9.33) | |||
| Potential Upside | 0.938 |
Plaza Centers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plaza Centers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plaza Centers' standard deviation. In reality, there are many statistical measures that can use Plaza Centers historical prices to predict the future Plaza Centers' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.32 |
Plaza Centers NV Backtested Returns
Plaza Centers NV maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1 % return per unit of risk over the last 3 months. Plaza Centers NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plaza Centers' Variance of 12.45, coefficient of variation of (689.90), and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The company holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Plaza Centers are expected to decrease at a much lower rate. During the bear market, Plaza Centers is likely to outperform the market. At this point, Plaza Centers NV has a negative expected return of -0.34%. Please make sure to check Plaza Centers' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Plaza Centers NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Plaza Centers NV has modest reverse predictability. Overlapping area represents the amount of predictability between Plaza Centers 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 Plaza Centers NV price movement. The serial correlation of -0.46 indicates that about 46.0% of current Plaza Centers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Plaza Centers NV lagged returns against current returns
Autocorrelation, which is Plaza Centers 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 Plaza Centers' stock expected returns. We can calculate the autocorrelation of Plaza Centers returns to help us make a trade decision. For example, suppose you find that Plaza Centers 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 |
Plaza Centers 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 Plaza Centers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plaza Centers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plaza Centers stock over time.
Current vs Lagged Prices |
| Timeline |
Plaza Centers Lagged Returns
When evaluating Plaza Centers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plaza Centers stock have on its future price. Plaza Centers 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, Plaza Centers autocorrelation shows the relationship between Plaza Centers stock current value and its past values and can show if there is a momentum factor associated with investing in Plaza Centers NV.
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 Plaza Stock
Plaza Centers financial ratios help investors to determine whether Plaza 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 Plaza with respect to the benefits of owning Plaza Centers security.