Abra Information (Israel) Market Value
| BBYL Stock | ILS 309.70 10.70 3.58% |
| Symbol | Abra |
Abra Information '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 Abra Information'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 Abra Information.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Abra Information on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Abra Information Technologies or generate 0.0% return on investment in Abra Information over 30 days. Abra Information is related to or competes with Hilan, and Fattal 1998. Babylon Ltd. provides monetization solutions to publishers and app developers for monetizing and promoting their applica... More
Abra Information 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 Abra Information'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 Abra Information Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.81 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 3.27 |
Abra Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abra Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abra Information's standard deviation. In reality, there are many statistical measures that can use Abra Information historical prices to predict the future Abra Information's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abra Information's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Abra Information Tec Backtested Returns
Abra Information Tec secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Abra Information Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abra Information's Mean Deviation of 1.64, standard deviation of 2.32, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abra Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abra Information is expected to be smaller as well. Abra Information Tec has an expected return of -0.27%. Please make sure to confirm Abra Information Tec treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Abra Information Tec performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Abra Information Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Abra Information time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Abra Information Tec price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Abra Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 79.51 |
Abra Information Tec lagged returns against current returns
Autocorrelation, which is Abra Information 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 Abra Information's stock expected returns. We can calculate the autocorrelation of Abra Information returns to help us make a trade decision. For example, suppose you find that Abra Information 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 |
Abra Information 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 Abra Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abra Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abra Information stock over time.
Current vs Lagged Prices |
| Timeline |
Abra Information Lagged Returns
When evaluating Abra Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abra Information stock have on its future price. Abra Information 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, Abra Information autocorrelation shows the relationship between Abra Information stock current value and its past values and can show if there is a momentum factor associated with investing in Abra Information Technologies.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Abra Information in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Abra Information's short interest history, or implied volatility extrapolated from Abra Information options trading.
Pair Trading with Abra Information
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Abra Information position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Abra Information will appreciate offsetting losses from the drop in the long position's value.Moving against Abra Stock
| 0.74 | PZOL | Paz Oil | PairCorr |
| 0.58 | EXPO | Export Inv | PairCorr |
The ability to find closely correlated positions to Abra Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abra Information when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abra Information - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abra Information Technologies to buy it.
The correlation of Abra Information is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abra Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abra Information Tec moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Abra Information can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Abra Information Correlation, Abra Information Volatility and Abra Information Alpha and Beta module to complement your research on Abra Information. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Abra Stock analysis
When running Abra Information's price analysis, check to measure Abra Information's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abra Information is operating at the current time. Most of Abra Information's value examination focuses on studying past and present price action to predict the probability of Abra Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abra Information's price. Additionally, you may evaluate how the addition of Abra Information to your portfolios can decrease your overall portfolio volatility.
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Abra Information technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.