Sure Tech (Israel) Market Value
| STEC Stock | 585.00 1.40 0.24% |
| Symbol | Sure |
Sure Tech '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 Sure Tech'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 Sure Tech.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Sure Tech on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Sure Tech Investments LP or generate 0.0% return on investment in Sure Tech over 720 days. Sure Tech is related to or competes with Meitav Dash, IBI Inv, Mivtach Shamir, Emilia Devel, YD More, and Analyst IMS. More
Sure Tech 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 Sure Tech'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 Sure Tech Investments LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.19 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 4.96 |
Sure Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sure Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sure Tech's standard deviation. In reality, there are many statistical measures that can use Sure Tech historical prices to predict the future Sure Tech's volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 7.66 |
Sure Tech Investments Backtested Returns
Sure Tech Investments owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Sure Tech Investments LP exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sure Tech's Variance of 9.13, coefficient of variation of (56,760), and Risk Adjusted Performance of 0.0061 to confirm the risk estimate we provide. The entity has a beta of -0.002, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sure Tech are expected to decrease at a much lower rate. During the bear market, Sure Tech is likely to outperform the market. At this point, Sure Tech Investments has a negative expected return of -0.37%. Please make sure to validate Sure Tech's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Sure Tech Investments performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Sure Tech Investments LP has good reverse predictability. Overlapping area represents the amount of predictability between Sure Tech time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Sure Tech Investments price movement. The serial correlation of -0.51 indicates that about 51.0% of current Sure Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 12.2 K |
Sure Tech Investments lagged returns against current returns
Autocorrelation, which is Sure Tech 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 Sure Tech's stock expected returns. We can calculate the autocorrelation of Sure Tech returns to help us make a trade decision. For example, suppose you find that Sure Tech 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 |
Sure Tech 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 Sure Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sure Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sure Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Sure Tech Lagged Returns
When evaluating Sure Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sure Tech stock have on its future price. Sure Tech 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, Sure Tech autocorrelation shows the relationship between Sure Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Sure Tech Investments LP.
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 Sure Stock
Sure Tech financial ratios help investors to determine whether Sure 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 Sure with respect to the benefits of owning Sure Tech security.