PCB Tec (Israel) Market Value
PCBT Stock | ILA 368.10 8.00 2.22% |
Symbol | PCB |
PCB Tec '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 PCB Tec'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 PCB Tec.
05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in PCB Tec on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding PCB Tec or generate 0.0% return on investment in PCB Tec over 720 days. PCB Tec is related to or competes with C Mer, Ralco Agencies, and Brimag L. Technologies Ltd provides contract electronic manufacturing services More
PCB Tec 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 PCB Tec'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 PCB Tec upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.99 | |||
Information Ratio | 0.0395 | |||
Maximum Drawdown | 31.03 | |||
Value At Risk | (4.03) | |||
Potential Upside | 5.54 |
PCB Tec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PCB Tec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PCB Tec's standard deviation. In reality, there are many statistical measures that can use PCB Tec historical prices to predict the future PCB Tec's volatility.Risk Adjusted Performance | 0.0474 | |||
Jensen Alpha | 0.1325 | |||
Total Risk Alpha | (0.25) | |||
Sortino Ratio | 0.0495 | |||
Treynor Ratio | 0.1902 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PCB Tec'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.
PCB Tec Backtested Returns
We consider PCB Tec very steady. PCB Tec retains Efficiency (Sharpe Ratio) of 0.0116, which implies the company had a 0.0116% return per unit of risk over the last 3 months. We have found thirty technical indicators for PCB Tec, which you can use to evaluate the volatility of the entity. Please check PCB Tec's semi deviation of 2.74, and Market Risk Adjusted Performance of 0.2002 to confirm if the risk estimate we provide is consistent with the expected return of 0.0443%. The firm owns a Beta (Systematic Risk) of 1.19, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PCB Tec will likely underperform. PCB Tec at this time owns a risk of 3.81%. Please check PCB Tec semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if PCB Tec will be following its current price history.
Auto-correlation | -0.7 |
Very good reverse predictability
PCB Tec has very good reverse predictability. Overlapping area represents the amount of predictability between PCB Tec time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 PCB Tec price movement. The serial correlation of -0.7 indicates that around 70.0% of current PCB Tec price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.7 | |
Spearman Rank Test | -0.68 | |
Residual Average | 0.0 | |
Price Variance | 4185.47 |
PCB Tec lagged returns against current returns
Autocorrelation, which is PCB Tec 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 PCB Tec's stock expected returns. We can calculate the autocorrelation of PCB Tec returns to help us make a trade decision. For example, suppose you find that PCB Tec 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 |
PCB Tec 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 PCB Tec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PCB Tec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PCB Tec stock over time.
Current vs Lagged Prices |
Timeline |
PCB Tec Lagged Returns
When evaluating PCB Tec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PCB Tec stock have on its future price. PCB Tec 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, PCB Tec autocorrelation shows the relationship between PCB Tec stock current value and its past values and can show if there is a momentum factor associated with investing in PCB Tec.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PCB Tec in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PCB Tec's short interest history, or implied volatility extrapolated from PCB Tec options trading.
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as PCB Tec using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out PCB Tec Correlation, PCB Tec Volatility and PCB Tec Alpha and Beta module to complement your research on PCB Tec. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for PCB Stock analysis
When running PCB Tec's price analysis, check to measure PCB Tec'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 PCB Tec is operating at the current time. Most of PCB Tec's value examination focuses on studying past and present price action to predict the probability of PCB Tec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PCB Tec's price. Additionally, you may evaluate how the addition of PCB Tec to your portfolios can decrease your overall portfolio volatility.
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PCB Tec 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.