Technoplus Ventures (Israel) Market Value
| TNPV Stock | ILS 1,234 80.00 6.93% |
| Symbol | Technoplus |
Technoplus Ventures '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 Technoplus Ventures' 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 Technoplus Ventures.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Technoplus Ventures on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Technoplus Ventures or generate 0.0% return on investment in Technoplus Ventures over 90 days. Technoplus Ventures is related to or competes with Elbit Systems, Discount Investment, Clal Insurance, AudioCodes, and Shufersal. TechnoPlus Ventures Ltd. is a venture capital and a private equity firm specializing in investments in middle market, ma... More
Technoplus Ventures 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 Technoplus Ventures' 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 Technoplus Ventures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.1323 | |||
| Maximum Drawdown | 24.46 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 5.82 |
Technoplus Ventures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technoplus Ventures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technoplus Ventures' standard deviation. In reality, there are many statistical measures that can use Technoplus Ventures historical prices to predict the future Technoplus Ventures' volatility.| Risk Adjusted Performance | 0.136 | |||
| Jensen Alpha | 0.6527 | |||
| Total Risk Alpha | 0.0269 | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | (1.77) |
Technoplus Ventures Backtested Returns
Technoplus Ventures appears to be very steady, given 3 months investment horizon. Technoplus Ventures owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Technoplus Ventures' technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please review Technoplus Ventures' Semi Deviation of 2.45, risk adjusted performance of 0.136, and Coefficient Of Variation of 597.16 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Technoplus Ventures holds a performance score of 17. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Technoplus Ventures are expected to decrease at a much lower rate. During the bear market, Technoplus Ventures is likely to outperform the market. Please check Technoplus Ventures' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Technoplus Ventures' existing price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Technoplus Ventures has below average predictability. Overlapping area represents the amount of predictability between Technoplus Ventures time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Technoplus Ventures price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Technoplus Ventures price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2027.0 |
Technoplus Ventures lagged returns against current returns
Autocorrelation, which is Technoplus Ventures 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 Technoplus Ventures' stock expected returns. We can calculate the autocorrelation of Technoplus Ventures returns to help us make a trade decision. For example, suppose you find that Technoplus Ventures 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 |
Technoplus Ventures 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 Technoplus Ventures stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technoplus Ventures stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technoplus Ventures stock over time.
Current vs Lagged Prices |
| Timeline |
Technoplus Ventures Lagged Returns
When evaluating Technoplus Ventures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technoplus Ventures stock have on its future price. Technoplus Ventures 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, Technoplus Ventures autocorrelation shows the relationship between Technoplus Ventures stock current value and its past values and can show if there is a momentum factor associated with investing in Technoplus Ventures.
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 Technoplus Stock
Technoplus Ventures financial ratios help investors to determine whether Technoplus 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 Technoplus with respect to the benefits of owning Technoplus Ventures security.