PCB Tec (Israel) Market Value
| PCBT Stock | ILA 724.40 31.80 4.59% |
| Symbol | PCB |
PCB Tec '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 PCB Tec'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 PCB Tec.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in PCB Tec on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding PCB Tec or generate 0.0% return on investment in PCB Tec over 30 days. PCB Tec is related to or competes with Priortech, Camtek, Unitronics, Magic Software, and Utron. Technologies Ltd provides contract electronic manufacturing services More
PCB Tec 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 PCB Tec'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 PCB Tec upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.2503 | |||
| Maximum Drawdown | 27.8 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 7.54 |
PCB Tec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PCB Tec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PCB Tec's standard deviation. In reality, there are many statistical measures that can use PCB Tec historical prices to predict the future PCB Tec's volatility.| Risk Adjusted Performance | 0.2266 | |||
| Jensen Alpha | 1.08 | |||
| Total Risk Alpha | 0.4697 | |||
| Sortino Ratio | 0.2555 | |||
| Treynor Ratio | (7.12) |
PCB Tec Backtested Returns
PCB Tec appears to be very steady, given 3 months investment horizon. PCB Tec retains Efficiency (Sharpe Ratio) of 0.22, which implies the company had a 0.22% return per unit of risk over the last 3 months. By evaluating PCB Tec's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please evaluate PCB Tec's semi deviation of 3.04, and Market Risk Adjusted Performance of (7.11) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PCB Tec holds a performance score of 17. The firm owns a Beta (Systematic Risk) of -0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PCB Tec are expected to decrease at a much lower rate. During the bear market, PCB Tec is likely to outperform the market. Please check PCB Tec's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether PCB Tec's current price history will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
PCB Tec has weak reverse predictability. Overlapping area represents the amount of predictability between PCB Tec time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 PCB Tec price movement. The serial correlation of -0.24 indicates that over 24.0% of current PCB Tec price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1577.13 |
PCB Tec lagged returns against current returns
Autocorrelation, which is PCB Tec 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 PCB Tec's stock expected returns. We can calculate the autocorrelation of PCB Tec returns to help us make a trade decision. For example, suppose you find that PCB Tec 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 |
PCB Tec 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 PCB Tec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PCB Tec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PCB Tec stock over time.
Current vs Lagged Prices |
| Timeline |
PCB Tec Lagged Returns
When evaluating PCB Tec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PCB Tec stock have on its future price. PCB Tec 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, PCB Tec autocorrelation shows the relationship between PCB Tec stock current value and its past values and can show if there is a momentum factor associated with investing in PCB Tec.
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.Other Information on Investing in PCB Stock
PCB Tec financial ratios help investors to determine whether PCB 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 PCB with respect to the benefits of owning PCB Tec security.