Israel Discount Bank Stock Market Value
| ISDAY Stock | USD 48.00 0.00 0.00% |
| 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 pink sheet 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.
| 07/07/2022 |
| 06/26/2024 |
If you would invest 0.00 in Israel Discount on July 7, 2022 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 720 days. Israel Discount is related to or competes with First Hawaiian, Central Pacific, Comerica, Lloyds Banking, Zions Bancorporation, KeyCorp, and Itau Unibanco. 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 pink sheet 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 | 4.41 | |||
| Information Ratio | 0.0181 | |||
| Maximum Drawdown | 23.86 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 5.47 |
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 | 0.0149 | |||
| Jensen Alpha | 0.0403 | |||
| Total Risk Alpha | 0.1861 | |||
| Sortino Ratio | 0.013 | |||
| Treynor Ratio | 0.0486 |
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
Israel Discount Bank holds Efficiency (Sharpe) Ratio of -0.0507, which attests that the entity had a -0.0507% return per unit of risk over the last 3 months. Israel Discount Bank exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Israel Discount's Market Risk Adjusted Performance of 0.0586, downside deviation of 4.41, and Risk Adjusted Performance of 0.0149 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Israel Discount's returns are expected to increase less than the market. However, during the bear market, the loss of holding Israel Discount is expected to be smaller as well. At this point, Israel Discount Bank has a negative expected return of -0.0995%. Please make sure to check out Israel Discount's value at risk, as well as the relationship between the skewness and relative strength index , to decide if Israel Discount Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Israel Discount Bank has no correlation between past and present. Overlapping area represents the amount of predictability between Israel Discount time series from 7th of July 2022 to 2nd of July 2023 and 2nd of July 2023 to 26th of June 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 0.0 indicates that just 0.0% of current Israel Discount price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 8.77 |
Israel Discount Bank lagged returns against current returns
Autocorrelation, which is Israel Discount pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Israel Discount pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Israel Discount pink sheet 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 pink sheet 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 pink sheet 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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Israel Pink Sheet 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.