NICE LTD (Israel) Backtesting

NICE -- Israel Stock  

null 51,030  880.00  1.70%

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
SymbolX
Backtest

NICE LTD 'What if' Analysis

August 23, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
November 21, 2019
0.00
If you would invest  0.00  in NICE LTD on August 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 90 days. NICE LTD is related to or competes with MAGIC SOFTWARE, and TEVA PHARMA. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance

NICE LTD Upside/Downside Indicators

Downside Deviation2.04
Information Ratio(0.03514)
Maximum Drawdown8.56
Value At Risk(2.65)
Potential Upside2.66

NICE LTD Market Premium Indicators

Risk Adjusted Performance0.0246
Jensen Alpha0.0475
Total Risk Alpha(0.20)
Sortino Ratio(0.030216)
Treynor Ratio(0.30)

NICE LTD Backtested Returns

Macroaxis considers NICE LTD to be very steady. NICE LTD retains Efficiency (Sharpe Ratio) of -0.0383 which conveys that the firm had -0.0383% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. NICE LTD exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify NICE LTD Mean Deviation of 1.09, Semi Deviation of 1.64 and Market Risk Adjusted Performance of (0.29) to check out risk estimate we provide. The company owns Beta (Systematic Risk) of -0.1204 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. Even though it is essential to pay attention to NICE LTD existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. NICE LTD exposes twenty-seven different technical indicators which can help you to evaluate its performance. NICE LTD has expected return of -0.0769%. Please be advised to verify NICE LTD Coefficient Of Variation, Jensen Alpha and the relationship between Downside Deviation and Information Ratio to decide if NICE LTD past performance will be repeated in the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.56) 
correlation synergy

Good reverse predictability

NICE LTD has good reverse predictability. Overlapping area represents the amount of predictability between NICE LTD time series from August 23, 2019 to October 7, 2019 and October 7, 2019 to November 21, 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 -0.56 indicates that roughly 56.0% 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-0.56
Spearman Rank Test-0.59
Residual Average0.0
Price Variance2625658.5

NICE LTD lagged returns against current returns

 Current and Lagged Values 
      Timeline 

NICE LTD regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

NICE LTD Lagged Returns

 Regressed Prices 
      Timeline 

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?
Bullish
Bearish
98% Bullish
2% Bearish
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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