Micronet (Israel) Performance
| MCRNT Stock | ILA 160.00 2.70 1.66% |
The company secures a Beta (Market Risk) of -0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Micronet are expected to decrease at a much lower rate. During the bear market, Micronet is likely to outperform the market. At this point, Micronet has a negative expected return of -0.0731%. Please make sure to verify Micronet's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Micronet performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Micronet has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Micronet is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 10.7 M | |
| Total Cashflows From Investing Activities | 6.4 M |
Micronet |
Micronet Relative Risk vs. Return Landscape
If you would invest 16,780 in Micronet on September 3, 2024 and sell it today you would lose (780.00) from holding Micronet or give up 4.65% of portfolio value over 90 days. Micronet is generating negative expected returns and assumes 2.5187% volatility on return distribution over the 90 days horizon. Simply put, 22% of stocks are less volatile than Micronet, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Micronet Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micronet's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Micronet, and traders can use it to determine the average amount a Micronet's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.029
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| Negative Returns | MCRNT |
Estimated Market Risk
| 2.52 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Micronet 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 Micronet by adding Micronet to a well-diversified portfolio.
Micronet Fundamentals Growth
Micronet Stock prices reflect investors' perceptions of the future prospects and financial health of Micronet, and Micronet fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Micronet Stock performance.
| Return On Equity | 0.0286 | |||
| Return On Asset | -0.0834 | |||
| Profit Margin | 0.10 % | |||
| Operating Margin | (0.62) % | |||
| Current Valuation | (15.05 M) | |||
| Shares Outstanding | 8.02 M | |||
| Price To Book | 0.38 X | |||
| Price To Sales | 1.45 X | |||
| Revenue | 13.98 M | |||
| EBITDA | 2.48 M | |||
| Cash And Equivalents | 8.22 M | |||
| Cash Per Share | 1.40 X | |||
| Debt To Equity | 0.51 % | |||
| Book Value Per Share | 4.37 X | |||
| Cash Flow From Operations | (6.44 M) | |||
| Earnings Per Share | 0.36 X | |||
| Total Asset | 45.69 M | |||
About Micronet Performance
Assessing Micronet's fundamental ratios provides investors with valuable insights into Micronet's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Micronet is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Micronet Ltd develops, manufactures, and markets mobile computing platforms for integration into fleet and mobile workforce management solutions. The companys products are used in various vertical markets, including long and short-haul trucking, public transportation, infrastructure, utilities, government, construction, waste management, public safety, and field services. MICRONET operates under Communication Equipment classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 14 people.Things to note about Micronet performance evaluation
Checking the ongoing alerts about Micronet for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Micronet help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Micronet generated a negative expected return over the last 90 days | |
| Micronet has accumulated about 8.22 M in cash with (6.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.4. | |
| Roughly 38.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Micronet's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Micronet's stock is overvalued or undervalued compared to its peers.
- Examining Micronet's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Micronet's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Micronet's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Micronet's stock. These opinions can provide insight into Micronet's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Micronet Stock Analysis
When running Micronet's price analysis, check to measure Micronet'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 Micronet is operating at the current time. Most of Micronet's value examination focuses on studying past and present price action to predict the probability of Micronet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micronet's price. Additionally, you may evaluate how the addition of Micronet to your portfolios can decrease your overall portfolio volatility.