NICE Ltd (Israel) Backtesting

NICE -- Israel Stock  

ILS 42,450  890.00  2.05%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of NICE Ltd and determine expected loss or profit from investing in NICE Ltd over given investment horizon. Please see also NICE Ltd Hype Analysis, NICE Ltd Correlation, NICE Ltd Valuation, NICE Ltd Volatility as well as analyze NICE Ltd Alpha and Beta and NICE Ltd Performance.
Horizon     30 Days    Login   to change

NICE Ltd 'What if' Analysis

January 23, 2019
No Change 0.00  0.0%
In 2 months and 1 day
March 24, 2019
If you would invest  0.00  in NICE Ltd on January 23, 2019 and sell it all today you would earn a total of 0.00 from holding NICE Ltd or generate 0.0% return on investment in NICE Ltd over 60 days. It operates in two segments, Customer Engagement and Financial Crime and Compliance

NICE Ltd Upside/Downside Indicators

Downside Deviation1.53
Information Ratio(0.004345)
Maximum Drawdown6.21
Value At Risk(2.34)
Potential Upside3.01

NICE Ltd Market Premium Indicators

Risk Adjusted Performance0.038
Jensen Alpha0.0255
Total Risk Alpha(0.08)
Sortino Ratio(0.004233)
Treynor Ratio0.115

NICE Ltd Backtested Returns

Macroaxis considers NICE Ltd very steady given 2 months investment horizon. NICE Ltd retains Efficiency (Sharpe Ratio) of 0.1955 which conveys that the firm had 0.1955% of return per unit of risk over the last 2 months. Our philosophy towards estimating volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for NICE Ltd which you can use to evaluate future volatility of the firm. Please exercise NICE Ltd Market Risk Adjusted Performance of 0.125, Semi Deviation of 1.32 and Mean Deviation of 1.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 NICE Ltd holds performance score of 13. The company owns Beta (Systematic Risk) of 0.5053 which conveys that as returns on market increase, NICE Ltd returns are expected to increase less than the market. However during bear market, the loss on holding NICE Ltd will be expected to be smaller as well. Although it is vital to follow to NICE Ltd existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining NICE Ltd technical indicators you can today evaluate if the expected return of 0.3057% will be sustainable into the future. Please exercises NICE Ltd Semi Deviation, Coefficient Of Variation, Jensen Alpha, as well as the relationship between Downside Deviation and Information Ratio to make a quick decision on weather NICE Ltd current price history will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.16 
correlation synergy

Very weak predictability

NICE Ltd has very weak predictability. Overlapping area represents the amount of predictability between NICE Ltd time series from January 23, 2019 to February 22, 2019 and February 22, 2019 to March 24, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NICE Ltd price movement. The serial correlation of 0.16 indicates that over 16.0% of current NICE Ltd price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.13
Residual Average0.0
Price Variance420001.65

NICE Ltd lagged returns against current returns

 Current and Lagged Values 

NICE Ltd regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NICE Ltd Lagged Returns

 Regressed Prices 

Current Sentiment - NICE

NICE Ltd Investor Sentiment

Most of Macroaxis users are now bullish on NICE Ltd. What is your trading attitude regarding investing in NICE Ltd? Are you bullish or bearish?
98% Bullish
2% Bearish

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please see also NICE Ltd Hype Analysis, NICE Ltd Correlation, NICE Ltd Valuation, NICE Ltd Volatility as well as analyze NICE Ltd Alpha and Beta and NICE Ltd Performance. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.