Allot Communications (Israel) Market Value
| ALLT Stock | ILS 1,604 62.00 3.72% |
| Symbol | Allot |
Allot Communications '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 Allot Communications' 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 Allot Communications.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Allot Communications on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Allot Communications or generate 0.0% return on investment in Allot Communications over 30 days. Allot Communications is related to or competes with Tower Semiconductor, Nova, Nice, AudioCodes, and Magic Software. Allot Ltd. provides network intelligence and security solutions to protect and personalize the digital experience worldw... More
Allot Communications 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 Allot Communications' 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 Allot Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.21 | |||
| Information Ratio | 0.0992 | |||
| Maximum Drawdown | 29.06 | |||
| Value At Risk | (7.91) | |||
| Potential Upside | 9.45 |
Allot Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allot Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allot Communications' standard deviation. In reality, there are many statistical measures that can use Allot Communications historical prices to predict the future Allot Communications' volatility.| Risk Adjusted Performance | 0.1037 | |||
| Jensen Alpha | 0.6387 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.1034 | |||
| Treynor Ratio | 3.01 |
Allot Communications Backtested Returns
Allot Communications appears to be very steady, given 3 months investment horizon. Allot Communications secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Allot Communications' technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please makes use of Allot Communications' Downside Deviation of 5.21, risk adjusted performance of 0.1037, and Mean Deviation of 3.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allot Communications holds a performance score of 9. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allot Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Allot Communications is expected to be smaller as well. Please check Allot Communications' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Allot Communications' price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Allot Communications has very good predictability. Overlapping area represents the amount of predictability between Allot Communications time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Allot Communications price movement. The serial correlation of 0.81 indicates that around 81.0% of current Allot Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 14.3 K |
Allot Communications lagged returns against current returns
Autocorrelation, which is Allot Communications 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 Allot Communications' stock expected returns. We can calculate the autocorrelation of Allot Communications returns to help us make a trade decision. For example, suppose you find that Allot Communications 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 |
Allot Communications 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 Allot Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allot Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allot Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Allot Communications Lagged Returns
When evaluating Allot Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allot Communications stock have on its future price. Allot Communications 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, Allot Communications autocorrelation shows the relationship between Allot Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Allot Communications.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Allot Stock
When determining whether Allot Communications is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Allot Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Allot Communications Stock. Highlighted below are key reports to facilitate an investment decision about Allot Communications Stock:Check out Allot Communications Correlation, Allot Communications Volatility and Allot Communications Alpha and Beta module to complement your research on Allot Communications. For information on how to trade Allot Stock refer to our How to Trade Allot Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Allot Communications 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.