NICE LTD (Israel) Backtesting

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NICE -- Israel Stock  

ILA 61,050  100.00  0.16%

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. Additionally see 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

October 27, 2019
No Change 0.00  0.0 
In 3 months and 1 day
January 25, 2020
If you would invest  0.00  in NICE LTD on October 27, 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 90 days. NICE LTD is related to or competes with MAGIC SOFTWARE. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance

NICE LTD Upside/Downside Indicators

Downside Deviation1.97
Information Ratio0.0436
Maximum Drawdown12.41
Value At Risk(2.35)
Potential Upside4.12

NICE LTD Market Premium Indicators

Risk Adjusted Performance0.058
Jensen Alpha0.2129
Total Risk Alpha(0.30)
Sortino Ratio0.0457
Treynor Ratio(4.83)

NICE LTD Backtested Returns

Macroaxis considers NICE LTD very steady given 3 months investment horizon. NICE LTD retains Efficiency (Sharpe Ratio) of 0.1537 which conveys that the firm had 0.1537% of return per unit of risk over the last 3 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-one technical indicators for NICE LTD which you can use to evaluate future volatility of the firm. Please exercise NICE LTD Mean Deviation of 1.37, Market Risk Adjusted Performance of (4.82) and Semi Deviation of 1.51 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 10. The company owns Beta (Systematic Risk) of -0.043 which conveys that as returns on market increase, returns on owning NICE LTD are expected to decrease at a much smaller rate. During bear market, NICE LTD is likely to outperform the market. 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 0.2992% will be sustainable into the future. Please exercises NICE LTD Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to make a quick decision on weather NICE LTD current price history will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.77) 
correlation synergy

Almost perfect reverse predictability

NICE LTD has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NICE LTD time series from October 27, 2019 to December 11, 2019 and December 11, 2019 to January 25, 2020. 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 -0.77 indicates that around 77.0% of current NICE LTD price fluctuation can be explain by its past prices. Given that NICE LTD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NICE LTD for similar time interval.
Correlation Coefficient-0.77
Spearman Rank Test-0.49
Residual Average0.0
Price Variance7864297.51

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 

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Additionally see 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 World Markets Correlation module to find global opportunities by holding instruments from different markets.