Sonovia (Israel) Market Value
| SONO Stock | ILA 53.60 2.50 4.46% |
| Symbol | Sonovia |
Sonovia '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 Sonovia'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 Sonovia.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Sonovia on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Sonovia or generate 0.0% return on investment in Sonovia over 570 days. Sonovia is related to or competes with Imed Infinity, Purple Biotech, Plantarc Bio, Elbit Medical, Bio View, Merchavia Holdings, and Storage Drop. Sonovia Ltd. manufactures ultrasonic coating for fabrics to make them anti-bacterial and odorless More
Sonovia 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 Sonovia'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 Sonovia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 30.7 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 6.01 |
Sonovia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonovia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonovia's standard deviation. In reality, there are many statistical measures that can use Sonovia historical prices to predict the future Sonovia's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.11) |
Sonovia Backtested Returns
Sonovia owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0173, which indicates the firm had a -0.0173 % return per unit of risk over the last 3 months. Sonovia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonovia's Coefficient Of Variation of (5,563), insignificant risk adjusted performance, and Variance of 18.46 to confirm the risk estimate we provide. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sonovia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonovia is expected to be smaller as well. At this point, Sonovia has a negative expected return of -0.0771%. Please make sure to validate Sonovia's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Sonovia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Sonovia has poor reverse predictability. Overlapping area represents the amount of predictability between Sonovia time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sonovia price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Sonovia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 68.07 |
Sonovia lagged returns against current returns
Autocorrelation, which is Sonovia 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 Sonovia's stock expected returns. We can calculate the autocorrelation of Sonovia returns to help us make a trade decision. For example, suppose you find that Sonovia 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 |
Sonovia 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 Sonovia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonovia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonovia stock over time.
Current vs Lagged Prices |
| Timeline |
Sonovia Lagged Returns
When evaluating Sonovia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonovia stock have on its future price. Sonovia 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, Sonovia autocorrelation shows the relationship between Sonovia stock current value and its past values and can show if there is a momentum factor associated with investing in Sonovia.
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 Sonovia Stock
Sonovia financial ratios help investors to determine whether Sonovia 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 Sonovia with respect to the benefits of owning Sonovia security.