Unitronics (Israel) Market Value
| UNIT Stock | ILS 4,115 123.00 3.08% |
| 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.
| 04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Unitronics on April 14, 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 30 days. Unitronics is related to or competes with Hilan, Danel, Matrix, and Fattal 1998. 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.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.1722 | |||
| Maximum Drawdown | 12.76 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.46 |
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 | 0.1354 | |||
| Jensen Alpha | 0.4419 | |||
| Total Risk Alpha | 0.2048 | |||
| Sortino Ratio | 0.2207 | |||
| Treynor Ratio | 31.86 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unitronics' 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.
Unitronics Backtested Returns
Unitronics appears to be very steady, given 3 months investment horizon. Unitronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the firm had a 0.3% return per unit of risk over the last 3 months. By inspecting Unitronics' technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review Unitronics' Risk Adjusted Performance of 0.1354, semi deviation of 1.24, and Coefficient Of Variation of 481.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Unitronics holds a performance score of 23. The entity has a beta of 0.0139, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unitronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Unitronics is expected to be smaller as well. Please check Unitronics' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Unitronics' existing price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
Unitronics has very good predictability. Overlapping area represents the amount of predictability between Unitronics time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th of May 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 0.84 indicates that around 84.0% of current Unitronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 10.2 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 |
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.Check out Unitronics Correlation, Unitronics Volatility and Unitronics Alpha and Beta module to complement your research on Unitronics. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Unitronics Stock analysis
When running Unitronics' price analysis, check to measure Unitronics' 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 Unitronics is operating at the current time. Most of Unitronics' value examination focuses on studying past and present price action to predict the probability of Unitronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unitronics' price. Additionally, you may evaluate how the addition of Unitronics to your portfolios can decrease your overall portfolio volatility.
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Unitronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.