Camtek (Israel) Market Value
| CAMT Stock | ILS 26,320 1,650 5.90% |
| Symbol | Camtek |
Camtek '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 Camtek'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 Camtek.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Camtek on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Camtek or generate 0.0% return on investment in Camtek over 180 days. Camtek is related to or competes with Nova, Tower Semiconductor, Nice, Elbit Systems, and Sapiens International. Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North Americ... More
Camtek 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 Camtek'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 Camtek upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 16.88 | |||
| Value At Risk | (6.81) | |||
| Potential Upside | 6.1 |
Camtek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camtek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camtek's standard deviation. In reality, there are many statistical measures that can use Camtek historical prices to predict the future Camtek's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (3.23) |
Camtek Backtested Returns
Camtek secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Camtek exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Camtek's Mean Deviation of 2.87, risk adjusted performance of (0.11), and Standard Deviation of 3.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Camtek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Camtek is expected to be smaller as well. At this point, Camtek has a negative expected return of -0.54%. Please make sure to confirm Camtek's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Camtek performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Camtek has virtually no predictability. Overlapping area represents the amount of predictability between Camtek time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Camtek price movement. The serial correlation of 0.03 indicates that only 3.0% of current Camtek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 3.1 M |
Camtek lagged returns against current returns
Autocorrelation, which is Camtek 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 Camtek's stock expected returns. We can calculate the autocorrelation of Camtek returns to help us make a trade decision. For example, suppose you find that Camtek 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 |
Camtek 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 Camtek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camtek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camtek stock over time.
Current vs Lagged Prices |
| Timeline |
Camtek Lagged Returns
When evaluating Camtek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camtek stock have on its future price. Camtek 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, Camtek autocorrelation shows the relationship between Camtek stock current value and its past values and can show if there is a momentum factor associated with investing in Camtek.
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 Camtek Stock
When determining whether Camtek 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 Camtek 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 Camtek Stock. Highlighted below are key reports to facilitate an investment decision about Camtek Stock:Check out Camtek Correlation, Camtek Volatility and Camtek Alpha and Beta module to complement your research on Camtek. For information on how to trade Camtek Stock refer to our How to Trade Camtek Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Camtek 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.