Sofwave Medical (Israel) Market Value
| SOFW Stock | 1,795 11.00 0.61% |
| Symbol | Sofwave |
Sofwave Medical '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 Sofwave Medical'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 Sofwave Medical.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Sofwave Medical on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Sofwave Medical or generate 0.0% return on investment in Sofwave Medical over 570 days. Sofwave Medical is related to or competes with Batm Advanced, Petrochemical, Computer Direct, Wilk Technologies, Sarine Technologies, Bezeq Israeli, and B Communications. More
Sofwave Medical 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 Sofwave Medical'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 Sofwave Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0032 | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 5.16 |
Sofwave Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sofwave Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sofwave Medical's standard deviation. In reality, there are many statistical measures that can use Sofwave Medical historical prices to predict the future Sofwave Medical's volatility.| Risk Adjusted Performance | 0.0491 | |||
| Jensen Alpha | 0.1319 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0027 | |||
| Treynor Ratio | (2.74) |
Sofwave Medical Backtested Returns
At this point, Sofwave Medical is very steady. Sofwave Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0167, which indicates the firm had a 0.0167% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sofwave Medical, which you can use to evaluate the volatility of the company. Please validate Sofwave Medical's Coefficient Of Variation of 1812.58, risk adjusted performance of 0.0491, and Semi Deviation of 2.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.0459%. Sofwave Medical has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0462, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sofwave Medical are expected to decrease at a much lower rate. During the bear market, Sofwave Medical is likely to outperform the market. Sofwave Medical right now has a risk of 2.74%. Please validate Sofwave Medical jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Sofwave Medical will be following its existing price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Sofwave Medical has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sofwave Medical time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 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 Sofwave Medical price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Sofwave Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 9781.87 |
Sofwave Medical lagged returns against current returns
Autocorrelation, which is Sofwave Medical 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 Sofwave Medical's stock expected returns. We can calculate the autocorrelation of Sofwave Medical returns to help us make a trade decision. For example, suppose you find that Sofwave Medical 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 |
Sofwave Medical 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 Sofwave Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sofwave Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sofwave Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Sofwave Medical Lagged Returns
When evaluating Sofwave Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sofwave Medical stock have on its future price. Sofwave Medical 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, Sofwave Medical autocorrelation shows the relationship between Sofwave Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Sofwave Medical.
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 Sofwave Stock
Sofwave Medical financial ratios help investors to determine whether Sofwave 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 Sofwave with respect to the benefits of owning Sofwave Medical security.