Shikun Binui (Israel) Market Value

SKBN Stock  ILS 1,183  4.00  0.34%   
Shikun Binui's market value is the price at which a share of Shikun Binui trades on a public exchange. It measures the collective expectations of Shikun Binui investors about its performance. Shikun Binui is trading at 1183.00 as of the 1st of March 2025, a 0.34 percent increase since the beginning of the trading day. The stock's open price was 1179.0.
With this module, you can estimate the performance of a buy and hold strategy of Shikun Binui and determine expected loss or profit from investing in Shikun Binui over a given investment horizon. Check out Shikun Binui Correlation, Shikun Binui Volatility and Shikun Binui Alpha and Beta module to complement your research on Shikun Binui.
Symbol

Please note, there is a significant difference between Shikun Binui's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shikun Binui is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shikun Binui'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.

Shikun Binui '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 Shikun Binui'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 Shikun Binui.
0.00
03/12/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/01/2025
0.00
If you would invest  0.00  in Shikun Binui on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Shikun Binui or generate 0.0% return on investment in Shikun Binui over 720 days. Shikun Binui is related to or competes with Israel Discount, Bezeq Israeli, Azrieli, Bank Hapoalim, and Bank Leumi. Shikun Binui Ltd., together with its subsidiaries, engages in the infrastructure and construction, real estate developme... More

Shikun Binui 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 Shikun Binui'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 Shikun Binui upside and downside potential and time the market with a certain degree of confidence.

Shikun Binui Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shikun Binui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shikun Binui's standard deviation. In reality, there are many statistical measures that can use Shikun Binui historical prices to predict the future Shikun Binui's volatility.
Hype
Prediction
LowEstimatedHigh
1,1801,1831,186
Details
Intrinsic
Valuation
LowRealHigh
1,0241,0261,301
Details

Shikun Binui Backtested Returns

Shikun Binui owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0612, which indicates the firm had a -0.0612 % return per unit of risk over the last 3 months. Shikun Binui exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shikun Binui's Risk Adjusted Performance of (0.04), coefficient of variation of (1,635), and Variance of 8.13 to confirm the risk estimate we provide. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shikun Binui are expected to decrease at a much lower rate. During the bear market, Shikun Binui is likely to outperform the market. At this point, Shikun Binui has a negative expected return of -0.17%. Please make sure to validate Shikun Binui's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Shikun Binui performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.45  

Average predictability

Shikun Binui has average predictability. Overlapping area represents the amount of predictability between Shikun Binui time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Shikun Binui price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Shikun Binui price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.31
Residual Average0.0
Price Variance46.9 K

Shikun Binui lagged returns against current returns

Autocorrelation, which is Shikun Binui 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 Shikun Binui's stock expected returns. We can calculate the autocorrelation of Shikun Binui returns to help us make a trade decision. For example, suppose you find that Shikun Binui 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  

Shikun Binui 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 Shikun Binui stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shikun Binui stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shikun Binui stock over time.
   Current vs Lagged Prices   
       Timeline  

Shikun Binui Lagged Returns

When evaluating Shikun Binui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shikun Binui stock have on its future price. Shikun Binui 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, Shikun Binui autocorrelation shows the relationship between Shikun Binui stock current value and its past values and can show if there is a momentum factor associated with investing in Shikun Binui.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Shikun Stock

Shikun Binui financial ratios help investors to determine whether Shikun 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 Shikun with respect to the benefits of owning Shikun Binui security.