Schnapp (Israel) Market Value
| SHNP Stock | ILA 1,660 15.00 0.90% |
| Symbol | Schnapp |
Schnapp '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 Schnapp'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 Schnapp.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Schnapp on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Schnapp or generate 0.0% return on investment in Schnapp over 90 days. Schnapp is related to or competes with Migdal Insurance, Clal Insurance, Bank Leumi, Israel Discount, Mizrahi Tefahot, Delek, and Bezeq Israeli. Works Ltd manufactures and sells batteries for vehicles in Israel and internationally More
Schnapp 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 Schnapp'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 Schnapp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.1156 | |||
| Maximum Drawdown | 17.09 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.98 |
Schnapp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schnapp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schnapp's standard deviation. In reality, there are many statistical measures that can use Schnapp historical prices to predict the future Schnapp's volatility.| Risk Adjusted Performance | 0.1251 | |||
| Jensen Alpha | 0.4137 | |||
| Total Risk Alpha | 0.0023 | |||
| Sortino Ratio | 0.1547 | |||
| Treynor Ratio | 14.28 |
Schnapp Backtested Returns
Schnapp appears to be very steady, given 3 months investment horizon. Schnapp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. By inspecting Schnapp's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Schnapp's Semi Deviation of 1.36, coefficient of variation of 612.85, and Risk Adjusted Performance of 0.1251 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Schnapp holds a performance score of 19. The entity has a beta of 0.0292, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Schnapp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schnapp is expected to be smaller as well. Please check Schnapp's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Schnapp's existing price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Schnapp has modest reverse predictability. Overlapping area represents the amount of predictability between Schnapp time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Schnapp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Schnapp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 13.2 K |
Schnapp lagged returns against current returns
Autocorrelation, which is Schnapp 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 Schnapp's stock expected returns. We can calculate the autocorrelation of Schnapp returns to help us make a trade decision. For example, suppose you find that Schnapp 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 |
Schnapp 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 Schnapp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schnapp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schnapp stock over time.
Current vs Lagged Prices |
| Timeline |
Schnapp Lagged Returns
When evaluating Schnapp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schnapp stock have on its future price. Schnapp 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, Schnapp autocorrelation shows the relationship between Schnapp stock current value and its past values and can show if there is a momentum factor associated with investing in Schnapp.
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 Schnapp Stock
Schnapp financial ratios help investors to determine whether Schnapp 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 Schnapp with respect to the benefits of owning Schnapp security.