Neto ME (Israel) Market Value
| NTO Stock | ILS 8,822 51.00 0.58% |
| Symbol | Neto |
Neto ME '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 Neto ME'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 Neto ME.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Neto ME on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Neto ME Holdings or generate 0.0% return on investment in Neto ME over 30 days. Neto ME is related to or competes with Rami Levi, Shufersal, Strauss, Kerur Holdings, and M Yochananof. Neto M.E Holdings Ltd. produces, imports, markets, and distributes a range of food products in Israel More
Neto ME 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 Neto ME'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 Neto ME Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.2191 | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 3.31 |
Neto ME Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neto ME's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neto ME's standard deviation. In reality, there are many statistical measures that can use Neto ME historical prices to predict the future Neto ME's volatility.| Risk Adjusted Performance | 0.2272 | |||
| Jensen Alpha | 0.4469 | |||
| Total Risk Alpha | 0.234 | |||
| Sortino Ratio | 0.2406 | |||
| Treynor Ratio | (2.83) |
Neto ME Holdings Backtested Returns
Neto ME appears to be very steady, given 3 months investment horizon. Neto ME Holdings has Sharpe Ratio of 0.3, which conveys that the firm had a 0.3% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Neto ME, which you can use to evaluate the volatility of the firm. Please exercise Neto ME's Mean Deviation of 1.12, downside deviation of 1.38, and Risk Adjusted Performance of 0.2272 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neto ME holds a performance score of 23. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Neto ME are expected to decrease at a much lower rate. During the bear market, Neto ME is likely to outperform the market. Please check Neto ME's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Neto ME's current price movements will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Neto ME Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Neto ME time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Neto ME Holdings price movement. The serial correlation of -0.02 indicates that only 2.0% of current Neto ME price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 122.7 K |
Neto ME Holdings lagged returns against current returns
Autocorrelation, which is Neto ME 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 Neto ME's stock expected returns. We can calculate the autocorrelation of Neto ME returns to help us make a trade decision. For example, suppose you find that Neto ME 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 |
Neto ME 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 Neto ME stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neto ME stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neto ME stock over time.
Current vs Lagged Prices |
| Timeline |
Neto ME Lagged Returns
When evaluating Neto ME's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neto ME stock have on its future price. Neto ME 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, Neto ME autocorrelation shows the relationship between Neto ME stock current value and its past values and can show if there is a momentum factor associated with investing in Neto ME Holdings.
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 Neto Stock
Neto ME financial ratios help investors to determine whether Neto 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 Neto with respect to the benefits of owning Neto ME security.