Automatic Bank (Israel) Market Value
| SHVA Stock | 2,039 101.00 5.21% |
| Symbol | Automatic |
Automatic Bank '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 Automatic Bank'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 Automatic Bank.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Automatic Bank on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Automatic Bank Services or generate 0.0% return on investment in Automatic Bank over 30 days. Automatic Bank is related to or competes with Unitronics, PCB Tec, Tower Semiconductor, Priortech, and AudioCodes. More
Automatic Bank 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 Automatic Bank'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 Automatic Bank Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.1173 | |||
| Maximum Drawdown | 11.55 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 4.77 |
Automatic Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Automatic Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Automatic Bank's standard deviation. In reality, there are many statistical measures that can use Automatic Bank historical prices to predict the future Automatic Bank's volatility.| Risk Adjusted Performance | 0.1382 | |||
| Jensen Alpha | 0.4235 | |||
| Total Risk Alpha | 0.0294 | |||
| Sortino Ratio | 0.1197 | |||
| Treynor Ratio | (1.63) |
Automatic Bank Services Backtested Returns
Automatic Bank appears to be very steady, given 3 months investment horizon. Automatic Bank Services secures Sharpe Ratio (or Efficiency) of 0.35, which signifies that the company had a 0.35% return per unit of risk over the last 3 months. By analyzing Automatic Bank's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please makes use of Automatic Bank's Downside Deviation of 2.31, risk adjusted performance of 0.1382, and Mean Deviation of 1.63 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Automatic Bank holds a performance score of 27. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Automatic Bank are expected to decrease at a much lower rate. During the bear market, Automatic Bank is likely to outperform the market. Please check Automatic Bank's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Automatic Bank's price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Automatic Bank Services has average predictability. Overlapping area represents the amount of predictability between Automatic Bank time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Automatic Bank Services price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Automatic Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 885.28 |
Automatic Bank Services lagged returns against current returns
Autocorrelation, which is Automatic Bank 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 Automatic Bank's stock expected returns. We can calculate the autocorrelation of Automatic Bank returns to help us make a trade decision. For example, suppose you find that Automatic Bank 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 |
Automatic Bank 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 Automatic Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Automatic Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Automatic Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Automatic Bank Lagged Returns
When evaluating Automatic Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Automatic Bank stock have on its future price. Automatic Bank 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, Automatic Bank autocorrelation shows the relationship between Automatic Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Automatic Bank Services.
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 Automatic Stock
Automatic Bank financial ratios help investors to determine whether Automatic 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 Automatic with respect to the benefits of owning Automatic Bank security.