Spuntech (Israel) Market Value
| SPNTC Stock | ILS 494.80 9.50 1.88% |
| Symbol | Spuntech |
Spuntech '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 Spuntech'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 Spuntech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Spuntech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Spuntech or generate 0.0% return on investment in Spuntech over 30 days. Spuntech is related to or competes with Kerur Holdings, and M Yochananof. Spuntech Industries Ltd. develops, manufactures, and supplies spunlace hydroentangled fabrics More
Spuntech 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 Spuntech'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 Spuntech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.37 | |||
| Information Ratio | 0.0339 | |||
| Maximum Drawdown | 26.19 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 4.25 |
Spuntech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spuntech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spuntech's standard deviation. In reality, there are many statistical measures that can use Spuntech historical prices to predict the future Spuntech's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.268 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0257 | |||
| Treynor Ratio | (0.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spuntech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Spuntech Backtested Returns
Spuntech appears to be very steady, given 3 months investment horizon. Spuntech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Spuntech, which you can use to evaluate the volatility of the company. Please review Spuntech's Coefficient Of Variation of 1375.27, risk adjusted performance of 0.0633, and Semi Deviation of 3.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Spuntech holds a performance score of 13. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Spuntech are expected to decrease at a much lower rate. During the bear market, Spuntech is likely to outperform the market. Please check Spuntech's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Spuntech's existing price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Spuntech has modest predictability. Overlapping area represents the amount of predictability between Spuntech time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Spuntech price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Spuntech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 439.13 |
Spuntech lagged returns against current returns
Autocorrelation, which is Spuntech 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 Spuntech's stock expected returns. We can calculate the autocorrelation of Spuntech returns to help us make a trade decision. For example, suppose you find that Spuntech 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 |
Spuntech 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 Spuntech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spuntech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spuntech stock over time.
Current vs Lagged Prices |
| Timeline |
Spuntech Lagged Returns
When evaluating Spuntech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spuntech stock have on its future price. Spuntech 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, Spuntech autocorrelation shows the relationship between Spuntech stock current value and its past values and can show if there is a momentum factor associated with investing in Spuntech.
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.Additional Tools for Spuntech Stock Analysis
When running Spuntech's price analysis, check to measure Spuntech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spuntech is operating at the current time. Most of Spuntech's value examination focuses on studying past and present price action to predict the probability of Spuntech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spuntech's price. Additionally, you may evaluate how the addition of Spuntech to your portfolios can decrease your overall portfolio volatility.