Neto ME (Israel) Market Value
| NTO Stock | ILS 6,898 146.00 2.16% |
| Symbol | Neto |
Neto ME '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 Neto ME's 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 Neto ME.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Neto ME on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Neto ME Holdings or generate 0.0% return on investment in Neto ME over 30 days. Neto ME is related to or competes with Bezeq Israeli, Bank Hapoalim, Bank Leumi, and Israel Discount. Neto M.E Holdings Ltd. produces, imports, markets, and distributes a range of food products in Israel More
Neto ME 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 Neto ME's 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 Neto ME Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0628 | |||
| Maximum Drawdown | 12.23 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.93 |
Neto ME Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neto ME's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neto ME's standard deviation. In reality, there are many statistical measures that can use Neto ME historical prices to predict the future Neto ME's volatility.| Risk Adjusted Performance | 0.0765 | |||
| Jensen Alpha | 0.2776 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0637 | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Neto ME's 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.
Neto ME Holdings Backtested Returns
Neto ME appears to be very steady, given 3 months investment horizon. Neto ME Holdings has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Neto ME, which you can use to evaluate the volatility of the firm. Please exercise Neto ME's Downside Deviation of 1.92, risk adjusted performance of 0.0765, and Mean Deviation of 1.26 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neto ME holds a performance score of 14. The company secures a Beta (Market Risk) of -0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Neto ME are expected to decrease at a much lower rate. During the bear market, Neto ME is likely to outperform the market. Please check Neto ME's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Neto ME's current price movements will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Neto ME Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Neto ME time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Neto ME Holdings price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Neto ME price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 24.2 K |
Neto ME Holdings lagged returns against current returns
Autocorrelation, which is Neto ME 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 Neto ME's stock expected returns. We can calculate the autocorrelation of Neto ME returns to help us make a trade decision. For example, suppose you find that Neto ME 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 |
Neto ME 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 Neto ME stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neto ME stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neto ME stock over time.
Current vs Lagged Prices |
| Timeline |
Neto ME Lagged Returns
When evaluating Neto ME's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neto ME stock have on its future price. Neto ME 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, Neto ME autocorrelation shows the relationship between Neto ME stock current value and its past values and can show if there is a momentum factor associated with investing in Neto ME Holdings.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Neto ME Correlation, Neto ME Volatility and Neto ME Alpha and Beta module to complement your research on Neto ME. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Neto Stock analysis
When running Neto ME's price analysis, check to measure Neto ME's 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 Neto ME is operating at the current time. Most of Neto ME's value examination focuses on studying past and present price action to predict the probability of Neto ME's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neto ME's price. Additionally, you may evaluate how the addition of Neto ME to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |
Neto ME 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.