Priortech (Israel) Price on August 1, 2024

PRTC Stock  ILS 15,900  490.00  2.99%   
If you're considering investing in Priortech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Priortech stands at 15,900, as last reported on the 26th of November, with the highest price reaching 16,520 and the lowest price hitting 15,730 during the day. Priortech maintains Sharpe Ratio (i.e., Efficiency) of -0.0557, which implies the firm had a -0.0557% return per unit of risk over the last 3 months. Priortech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Priortech's Coefficient Of Variation of (1,156), variance of 13.26, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide.
  
Priortech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0557

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Estimated Market Risk

 3.34
  actual daily
29
71% of assets are more volatile

Expected Return

 -0.19
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Priortech is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Priortech by adding Priortech to a well-diversified portfolio.

Priortech Valuation on August 1, 2024

It is possible to determine the worth of Priortech on a given historical date. On August 1, 2024 Priortech was worth 20280.0 at the beginning of the trading date compared to the closed value of 19000.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Priortech stock. Still, in general, we apply an absolute valuation method to find Priortech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Priortech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Priortech's related companies.
 Open High Low Close Volume
  18,800    19,800    18,800    19,730    34,064  
08/01/2024
  20,280    20,850    18,680    19,000    101,051  
  15,690    17,200    15,520    16,980    100,812  
Backtest Priortech  |  Priortech History  |  Priortech Valuation   PreviousNext  
Open Value
20280.0
20,270
Downside
19000.0
Closing Value
20,290
Upside

Priortech Trading Date Momentum on August 1, 2024

On August 05 2024 Priortech was traded for  16,980  at the closing time. The highest price during the trading period was 17,200  and the lowest recorded bid was listed for  15,520 . The volume for the day was 100.8 K. This history from August 5, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 10.63% . The trading delta at closing time to the current price is 4.00% .

Priortech Fundamentals Correlations and Trends

By evaluating Priortech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Priortech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Priortech financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Priortech Stock history

Priortech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Priortech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Priortech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Priortech stock prices may prove useful in developing a viable investing in Priortech
Priortech Ltd, through its subsidiaries, provides capital equipment, technologies, and manufacturing services in Israel and internationally. Priortech Ltd was incorporated in 1980 and is based in Migdal HaEmek, Israel. PRIORTECH operates under Contract Manufacturers classification in Israel and is traded on Tel Aviv Stock Exchange.

Priortech Stock Technical Analysis

Priortech 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.
A focus of Priortech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Priortech trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Priortech Period Price Range

Low
November 26, 2024
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High

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Priortech cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Priortech November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Priortech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Priortech shares will generate the highest return on investment. By undertsting and applying Priortech stock market strength indicators, traders can identify Priortech entry and exit signals to maximize returns

Priortech Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Priortech's price direction in advance. Along with the technical and fundamental analysis of Priortech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Priortech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Priortech Stock analysis

When running Priortech's price analysis, check to measure Priortech'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 Priortech is operating at the current time. Most of Priortech's value examination focuses on studying past and present price action to predict the probability of Priortech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Priortech's price. Additionally, you may evaluate how the addition of Priortech to your portfolios can decrease your overall portfolio volatility.
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