Micronet (Israel) Market Value
| MCRNT Stock | ILA 160.00 2.70 1.66% |
| Symbol | Micronet |
Micronet '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 Micronet'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 Micronet.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Micronet on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Micronet or generate 0.0% return on investment in Micronet over 390 days. Micronet is related to or competes with Tower Semiconductor, Nova, Electreon Wireless, Nice, and Accel Solutions. Micronet Ltd develops, manufactures, and markets mobile computing platforms for integration into fleet and mobile workfo... More
Micronet 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 Micronet'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 Micronet upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.69 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 3.6 |
Micronet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micronet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Micronet's standard deviation. In reality, there are many statistical measures that can use Micronet historical prices to predict the future Micronet's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0431 | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.0634 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Micronet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Micronet Backtested Returns
Micronet has Sharpe Ratio of -0.0277, which conveys that the firm had a -0.0277% return per unit of risk over the last 3 months. Micronet exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Micronet's insignificant Risk Adjusted Performance, standard deviation of 2.24, and Mean Deviation of 1.31 to check out the risk estimate we provide. 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 -0.069%. 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.
Auto-correlation | -0.03 |
Very weak reverse predictability
Micronet has very weak reverse predictability. Overlapping area represents the amount of predictability between Micronet time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Micronet price movement. The serial correlation of -0.03 indicates that only 3.0% of current Micronet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 55.46 |
Micronet lagged returns against current returns
Autocorrelation, which is Micronet 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 Micronet's stock expected returns. We can calculate the autocorrelation of Micronet returns to help us make a trade decision. For example, suppose you find that Micronet 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 |
Micronet 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 Micronet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Micronet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Micronet stock over time.
Current vs Lagged Prices |
| Timeline |
Micronet Lagged Returns
When evaluating Micronet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Micronet stock have on its future price. Micronet 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, Micronet autocorrelation shows the relationship between Micronet stock current value and its past values and can show if there is a momentum factor associated with investing in Micronet.
Regressed Prices |
| Timeline |
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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 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.