Fantasy Network (Israel) Market Value
| FNTS Stock | ILS 41.30 1.60 3.73% |
| Symbol | Fantasy |
Fantasy Network '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 Fantasy Network'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 Fantasy Network.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Fantasy Network on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fantasy Network or generate 0.0% return on investment in Fantasy Network over 30 days. Fantasy Network is related to or competes with Bank Leumi, Teva Pharmaceutical, Bank Hapoalim, Elbit Systems, and El Al. Fantasy Network Ltd provides a white label platform of online games for iGaming and Media companies More
Fantasy Network 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 Fantasy Network'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 Fantasy Network upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.88 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 4.41 |
Fantasy Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fantasy Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fantasy Network's standard deviation. In reality, there are many statistical measures that can use Fantasy Network historical prices to predict the future Fantasy Network's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (1.03) |
Fantasy Network Backtested Returns
Fantasy Network secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Fantasy Network exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fantasy Network's Mean Deviation of 2.35, standard deviation of 3.22, and Variance of 10.34 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fantasy Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fantasy Network is expected to be smaller as well. At this point, Fantasy Network has a negative expected return of -0.31%. Please make sure to confirm Fantasy Network's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Fantasy Network performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Fantasy Network has very good reverse predictability. Overlapping area represents the amount of predictability between Fantasy Network time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Fantasy Network price movement. The serial correlation of -0.68 indicates that around 68.0% of current Fantasy Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Fantasy Network lagged returns against current returns
Autocorrelation, which is Fantasy Network 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 Fantasy Network's stock expected returns. We can calculate the autocorrelation of Fantasy Network returns to help us make a trade decision. For example, suppose you find that Fantasy Network 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 |
Fantasy Network 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 Fantasy Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fantasy Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fantasy Network stock over time.
Current vs Lagged Prices |
| Timeline |
Fantasy Network Lagged Returns
When evaluating Fantasy Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fantasy Network stock have on its future price. Fantasy Network 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, Fantasy Network autocorrelation shows the relationship between Fantasy Network stock current value and its past values and can show if there is a momentum factor associated with investing in Fantasy Network.
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.Other Information on Investing in Fantasy Stock
Fantasy Network financial ratios help investors to determine whether Fantasy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fantasy with respect to the benefits of owning Fantasy Network security.