B Yair (Israel) Market Value
| BYAR Stock | ILA 1,290 0.00 0.00% |
| Symbol | BYAR |
B Yair '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 B Yair'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 B Yair.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in B Yair on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding B Yair Building or generate 0.0% return on investment in B Yair over 30 days. B Yair is related to or competes with Clal Insurance, Israel Discount, Bezeq Israeli, Alony Hetz, and Harel Insurance. Yair Building Corporation 1988 Ltd, a construction company, plans, develops, builds, and markets real estate projects in... More
B Yair 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 B Yair'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 B Yair Building upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 16.3 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 5.59 |
B Yair Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for B Yair's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as B Yair's standard deviation. In reality, there are many statistical measures that can use B Yair historical prices to predict the future B Yair's volatility.| Risk Adjusted Performance | 0.069 | |||
| Jensen Alpha | 0.2526 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0628 | |||
| Treynor Ratio | (8.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of B Yair'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.
B Yair Building Backtested Returns
We consider B Yair very steady. B Yair Building secures Sharpe Ratio (or Efficiency) of 0.0367, which signifies that the company had a 0.0367% return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for B Yair Building, which you can use to evaluate the volatility of the entity. Please confirm B Yair's Mean Deviation of 1.6, market risk adjusted performance of (8.59), and Coefficient Of Variation of 1017.56 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. B Yair has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0291, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning B Yair are expected to decrease at a much lower rate. During the bear market, B Yair is likely to outperform the market. B Yair Building today shows a risk of 2.83%. Please confirm B Yair Building value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if B Yair Building will be following its price patterns.
Auto-correlation | -0.88 |
Excellent reverse predictability
B Yair Building has excellent reverse predictability. Overlapping area represents the amount of predictability between B Yair time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 B Yair Building price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current B Yair price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 62.69 |
B Yair Building lagged returns against current returns
Autocorrelation, which is B Yair 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 B Yair's stock expected returns. We can calculate the autocorrelation of B Yair returns to help us make a trade decision. For example, suppose you find that B Yair 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 |
B Yair 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 B Yair stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if B Yair stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in B Yair stock over time.
Current vs Lagged Prices |
| Timeline |
B Yair Lagged Returns
When evaluating B Yair's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of B Yair stock have on its future price. B Yair 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, B Yair autocorrelation shows the relationship between B Yair stock current value and its past values and can show if there is a momentum factor associated with investing in B Yair Building.
Regressed Prices |
| Timeline |
Pair Trading with B Yair
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 B Yair 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 B Yair will appreciate offsetting losses from the drop in the long position's value.Moving against BYAR Stock
| 0.71 | INBR | Inbar Group Finance | PairCorr |
| 0.42 | BEZQ | Bezeq Israeli Teleco | PairCorr |
The ability to find closely correlated positions to B Yair could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B Yair 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 B Yair - 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 B Yair Building to buy it.
The correlation of B Yair 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 B Yair moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B Yair Building 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 B Yair 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 B Yair Correlation, B Yair Volatility and B Yair Alpha and Beta module to complement your research on B Yair. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for BYAR Stock analysis
When running B Yair's price analysis, check to measure B Yair'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 B Yair is operating at the current time. Most of B Yair's value examination focuses on studying past and present price action to predict the probability of B Yair's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move B Yair's price. Additionally, you may evaluate how the addition of B Yair to your portfolios can decrease your overall portfolio volatility.
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B Yair 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.