Perion Network (Israel) Market Value
| PERI Stock | ILS 3,103 29.00 0.93% |
| Symbol | Perion |
Perion 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 Perion 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 Perion Network.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Perion Network on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Perion Network or generate 0.0% return on investment in Perion Network over 180 days. Perion Network is related to or competes with Tower Semiconductor, Nova, Camtek, Nice, and Enlight Renewable. Perion Network Ltd., a technology company, delivers advertising solutions to brands, agencies, and publishers in North A... More
Perion 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 Perion 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 Perion Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 22.95 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 3.06 |
Perion Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perion Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perion Network's standard deviation. In reality, there are many statistical measures that can use Perion Network historical prices to predict the future Perion Network's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1111 |
Perion Network Backtested Returns
At this point, Perion Network is very steady. Perion Network maintains Sharpe Ratio (i.e., Efficiency) of 0.008, which implies the firm had a 0.008% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Perion Network, which you can use to evaluate the volatility of the company. Please check Perion Network's Semi Deviation of 3.14, risk adjusted performance of 0.0191, and Coefficient Of Variation of 6536.9 to confirm if the risk estimate we provide is consistent with the expected return of 0.0185%. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Perion Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding Perion Network is expected to be smaller as well. Perion Network right now holds a risk of 2.31%. Please check Perion Network maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Perion Network will be following its historical price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Perion Network has virtually no predictability. Overlapping area represents the amount of predictability between Perion Network time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Perion Network price movement. The serial correlation of 0.03 indicates that only 3.0% of current Perion Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 17.3 K |
Perion Network lagged returns against current returns
Autocorrelation, which is Perion 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 Perion Network's stock expected returns. We can calculate the autocorrelation of Perion Network returns to help us make a trade decision. For example, suppose you find that Perion 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 |
Perion 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 Perion Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perion Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perion Network stock over time.
Current vs Lagged Prices |
| Timeline |
Perion Network Lagged Returns
When evaluating Perion Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perion Network stock have on its future price. Perion 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, Perion Network autocorrelation shows the relationship between Perion Network stock current value and its past values and can show if there is a momentum factor associated with investing in Perion 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.Additional Information and Resources on Investing in Perion Stock
When determining whether Perion Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Perion Network's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Perion Network Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Perion Network Stock:Check out Perion Network Correlation, Perion Network Volatility and Perion Network Alpha and Beta module to complement your research on Perion Network. For information on how to trade Perion Stock refer to our How to Trade Perion Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Perion Network technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.