Photomyne (Israel) Market Value
| PHTM Stock | ILA 2,784 8.00 0.29% |
| Symbol | Photomyne |
Photomyne '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 Photomyne'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 Photomyne.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Photomyne on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Photomyne or generate 0.0% return on investment in Photomyne over 720 days. Photomyne is related to or competes with Clal Insurance, Scope Metals, Rimon Consulting, Arad Investment, Libra Insurance, Blender Financial, and Dan Hotels. Photomyne Ltd. provides a suite of applications that let the user to scan, upload, store, share, and manage photos and a... More
Photomyne 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 Photomyne'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 Photomyne upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.1177 | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.41 |
Photomyne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Photomyne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Photomyne's standard deviation. In reality, there are many statistical measures that can use Photomyne historical prices to predict the future Photomyne's volatility.| Risk Adjusted Performance | 0.164 | |||
| Jensen Alpha | 0.2907 | |||
| Total Risk Alpha | 0.0655 | |||
| Sortino Ratio | 0.1064 | |||
| Treynor Ratio | (5.98) |
Photomyne Backtested Returns
Photomyne appears to be very steady, given 3 months investment horizon. Photomyne maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the firm had a 0.27% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Photomyne, which you can use to evaluate the volatility of the company. Please evaluate Photomyne's Risk Adjusted Performance of 0.164, semi deviation of 1.08, and Coefficient Of Variation of 479.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Photomyne holds a performance score of 21. The company holds a Beta of -0.0477, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Photomyne are expected to decrease at a much lower rate. During the bear market, Photomyne is likely to outperform the market. Please check Photomyne's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Photomyne's historical price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Photomyne has poor predictability. Overlapping area represents the amount of predictability between Photomyne time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Photomyne price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Photomyne price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 79.3 K |
Photomyne lagged returns against current returns
Autocorrelation, which is Photomyne 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 Photomyne's stock expected returns. We can calculate the autocorrelation of Photomyne returns to help us make a trade decision. For example, suppose you find that Photomyne 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 |
Photomyne 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 Photomyne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Photomyne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Photomyne stock over time.
Current vs Lagged Prices |
| Timeline |
Photomyne Lagged Returns
When evaluating Photomyne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Photomyne stock have on its future price. Photomyne 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, Photomyne autocorrelation shows the relationship between Photomyne stock current value and its past values and can show if there is a momentum factor associated with investing in Photomyne.
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 Photomyne Stock
Photomyne financial ratios help investors to determine whether Photomyne 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 Photomyne with respect to the benefits of owning Photomyne security.