Danel (Israel) Market Value
| DANE Stock | ILS 33,600 10.00 0.03% |
| Symbol | Danel |
Danel '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 Danel'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 Danel.
| 05/03/2023 |
| 04/27/2024 |
If you would invest 0.00 in Danel on May 3, 2023 and sell it all today you would earn a total of 0.00 from holding Danel or generate 0.0% return on investment in Danel over 360 days. Danel is related to or competes with Paz Oil, First International, Propert Buil, Export Inv, Menora Miv, Phoenix Holdings, and Mizrahi Tefahot. Danel Ltd provides human resources services in Israel More
Danel 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 Danel'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 Danel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0464 | |||
| Maximum Drawdown | 13.16 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 5.86 |
Danel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danel's standard deviation. In reality, there are many statistical measures that can use Danel historical prices to predict the future Danel's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.1865 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0566 | |||
| Treynor Ratio | 1.28 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Danel'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.
Danel Backtested Returns
We consider Danel very steady. Danel secures Sharpe Ratio (or Efficiency) of 0.0543, which denotes the company had a 0.0543% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Danel, which you can use to evaluate the volatility of the firm. Please confirm Danel's Downside Deviation of 2.11, coefficient of variation of 1234.9, and Mean Deviation of 1.83 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Danel has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Danel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Danel is expected to be smaller as well. Danel right now shows a risk of 2.06%. Please confirm Danel standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Danel will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Danel has good predictability. Overlapping area represents the amount of predictability between Danel time series from 3rd of May 2023 to 30th of October 2023 and 30th of October 2023 to 27th 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 Danel price movement. The serial correlation of 0.71 indicates that around 71.0% of current Danel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 5 M |
Danel lagged returns against current returns
Autocorrelation, which is Danel 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 Danel's stock expected returns. We can calculate the autocorrelation of Danel returns to help us make a trade decision. For example, suppose you find that Danel 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 |
Danel 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 Danel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danel stock over time.
Current vs Lagged Prices |
| Timeline |
Danel Lagged Returns
When evaluating Danel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danel stock have on its future price. Danel 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, Danel autocorrelation shows the relationship between Danel stock current value and its past values and can show if there is a momentum factor associated with investing in Danel.
Regressed Prices |
| Timeline |
Pair Trading with Danel
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 Danel 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 Danel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Danel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danel 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 Danel - 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 Danel to buy it.
The correlation of Danel 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 Danel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danel 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 Danel 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 Danel Correlation, Danel Volatility and Danel Alpha and Beta module to complement your research on Danel. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Danel Stock analysis
When running Danel's price analysis, check to measure Danel'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 Danel is operating at the current time. Most of Danel's value examination focuses on studying past and present price action to predict the probability of Danel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danel's price. Additionally, you may evaluate how the addition of Danel to your portfolios can decrease your overall portfolio volatility.
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Danel 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.