Israel Discount (Israel) Market Value
DSCT Stock | ILS 1,861 29.00 1.53% |
Symbol | Israel |
Israel Discount '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 Israel Discount'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 Israel Discount.
04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Israel Discount on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Israel Discount Bank or generate 0.0% return on investment in Israel Discount over 30 days. Israel Discount is related to or competes with Nice, ICL Israel, Azrieli, Elbit Systems, Ormat Technologies, Ratio Oil, and Tower Semiconductor. Israel Discount Bank Limited, together with its subsidiaries, provides various banking and financial services in Israel,... More
Israel Discount 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 Israel Discount'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 Israel Discount Bank upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.51 | |||
Information Ratio | (0.02) | |||
Maximum Drawdown | 9.27 | |||
Value At Risk | (2.18) | |||
Potential Upside | 4.47 |
Israel Discount Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Israel Discount's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Israel Discount's standard deviation. In reality, there are many statistical measures that can use Israel Discount historical prices to predict the future Israel Discount's volatility.Risk Adjusted Performance | 0.0193 | |||
Jensen Alpha | 0.0468 | |||
Total Risk Alpha | (0.18) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Israel Discount'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.
Israel Discount Bank Backtested Returns
We consider Israel Discount very steady. Israel Discount Bank holds Efficiency (Sharpe) Ratio of 0.0696, which attests that the entity had a 0.0696% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Israel Discount Bank, which you can use to evaluate the volatility of the firm. Please check out Israel Discount's Risk Adjusted Performance of 0.0193, downside deviation of 1.51, and Market Risk Adjusted Performance of (0.11) to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Israel Discount has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Israel Discount are expected to decrease at a much lower rate. During the bear market, Israel Discount is likely to outperform the market. Israel Discount Bank right now retains a risk of 2.09%. Please check out Israel Discount sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Israel Discount will be following its current trending patterns.
Auto-correlation | 0.76 |
Good predictability
Israel Discount Bank has good predictability. Overlapping area represents the amount of predictability between Israel Discount 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 Israel Discount Bank price movement. The serial correlation of 0.76 indicates that around 76.0% of current Israel Discount price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.76 | |
Spearman Rank Test | 0.68 | |
Residual Average | 0.0 | |
Price Variance | 556.86 |
Israel Discount Bank lagged returns against current returns
Autocorrelation, which is Israel Discount 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 Israel Discount's stock expected returns. We can calculate the autocorrelation of Israel Discount returns to help us make a trade decision. For example, suppose you find that Israel Discount 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 |
Israel Discount 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 Israel Discount stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Israel Discount stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Israel Discount stock over time.
Current vs Lagged Prices |
Timeline |
Israel Discount Lagged Returns
When evaluating Israel Discount's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Israel Discount stock have on its future price. Israel Discount 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, Israel Discount autocorrelation shows the relationship between Israel Discount stock current value and its past values and can show if there is a momentum factor associated with investing in Israel Discount Bank.
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 Israel Discount 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, Israel Discount's short interest history, or implied volatility extrapolated from Israel Discount options trading.
Pair Trading with Israel Discount
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 Israel Discount 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 Israel Discount will appreciate offsetting losses from the drop in the long position's value.Moving together with Israel Stock
0.77 | TMRP | Tamar Petroleum | PairCorr |
Moving against Israel Stock
0.69 | EDRL | Edri El | PairCorr |
0.69 | PLTF | Value Capital One | PairCorr |
0.47 | ITYF | Itay Financial AA | PairCorr |
The ability to find closely correlated positions to Israel Discount could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Israel Discount 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 Israel Discount - 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 Israel Discount Bank to buy it.
The correlation of Israel Discount 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 Israel Discount moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Israel Discount Bank 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 Israel Discount 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 Israel Discount Correlation, Israel Discount Volatility and Israel Discount Alpha and Beta module to complement your research on Israel Discount. 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 Israel Stock analysis
When running Israel Discount's price analysis, check to measure Israel Discount'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 Israel Discount is operating at the current time. Most of Israel Discount's value examination focuses on studying past and present price action to predict the probability of Israel Discount's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Israel Discount's price. Additionally, you may evaluate how the addition of Israel Discount to your portfolios can decrease your overall portfolio volatility.
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Israel Discount 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.