Unitronics (Israel) Market Value
| UNIT Stock | ILS 2,910 16.00 0.55% |
| Symbol | Unitronics |
Unitronics '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 Unitronics' 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 Unitronics.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Unitronics on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Unitronics or generate 0.0% return on investment in Unitronics over 270 days. Unitronics is related to or competes with Automatic Bank, EN Shoham, Rapac Communication, and Tadiran Hldg. Unitronics Ltd, together with its subsidiaries, designs, develops, produces, markets, and sells industrial automation pr... More
Unitronics 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 Unitronics' 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 Unitronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 9.22 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 2.01 |
Unitronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unitronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unitronics' standard deviation. In reality, there are many statistical measures that can use Unitronics historical prices to predict the future Unitronics' volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 1.7 |
Unitronics Backtested Returns
Unitronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.027, which indicates the firm had a -0.027% return per unit of risk over the last 3 months. Unitronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unitronics' Variance of 3.79, coefficient of variation of (472.39), and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Unitronics are expected to decrease at a much lower rate. During the bear market, Unitronics is likely to outperform the market. At this point, Unitronics has a negative expected return of -0.0452%. Please make sure to validate Unitronics' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Unitronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Unitronics has excellent reverse predictability. Overlapping area represents the amount of predictability between Unitronics time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Unitronics price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Unitronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 160.5 K |
Unitronics lagged returns against current returns
Autocorrelation, which is Unitronics 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 Unitronics' stock expected returns. We can calculate the autocorrelation of Unitronics returns to help us make a trade decision. For example, suppose you find that Unitronics 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 |
Unitronics 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 Unitronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unitronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unitronics stock over time.
Current vs Lagged Prices |
| Timeline |
Unitronics Lagged Returns
When evaluating Unitronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unitronics stock have on its future price. Unitronics 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, Unitronics autocorrelation shows the relationship between Unitronics stock current value and its past values and can show if there is a momentum factor associated with investing in Unitronics.
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 Unitronics Stock
Unitronics financial ratios help investors to determine whether Unitronics 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 Unitronics with respect to the benefits of owning Unitronics security.