Matrix (Israel) Market Value
| MTRX Stock | ILS 8,268 42.00 0.51% |
| Symbol | Matrix |
Matrix '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 Matrix'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 Matrix.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Matrix on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Matrix or generate 0.0% return on investment in Matrix over 30 days. Matrix is related to or competes with Automatic Bank, EN Shoham, Rapac Communication, and Tadiran Hldg. Matrix IT Ltd., an IT company, provides software products and solutions in Israel More
Matrix 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 Matrix'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 Matrix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.0332 | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.94 |
Matrix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matrix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matrix's standard deviation. In reality, there are many statistical measures that can use Matrix historical prices to predict the future Matrix's volatility.| Risk Adjusted Performance | 0.0884 | |||
| Jensen Alpha | 0.1714 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | 5.23 |
Matrix Backtested Returns
Matrix appears to be very steady, given 3 months investment horizon. Matrix has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Matrix, which you can use to evaluate the volatility of the firm. Please exercise Matrix's Mean Deviation of 1.33, downside deviation of 1.7, and Risk Adjusted Performance of 0.0884 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Matrix holds a performance score of 16. The company secures a Beta (Market Risk) of 0.0335, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Matrix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matrix is expected to be smaller as well. Please check Matrix's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Matrix's current price movements will revert.
Auto-correlation | 0.34 |
Below average predictability
Matrix has below average predictability. Overlapping area represents the amount of predictability between Matrix 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 Matrix price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Matrix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 63.3 K |
Matrix lagged returns against current returns
Autocorrelation, which is Matrix 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 Matrix's stock expected returns. We can calculate the autocorrelation of Matrix returns to help us make a trade decision. For example, suppose you find that Matrix 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 |
Matrix 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 Matrix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matrix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matrix stock over time.
Current vs Lagged Prices |
| Timeline |
Matrix Lagged Returns
When evaluating Matrix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matrix stock have on its future price. Matrix 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, Matrix autocorrelation shows the relationship between Matrix stock current value and its past values and can show if there is a momentum factor associated with investing in Matrix.
Regressed Prices |
| Timeline |
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Matrix financial ratios help investors to determine whether Matrix 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 Matrix with respect to the benefits of owning Matrix security.