WhiteSmoke Software (Israel) Backtesting

WSMK -- Israel Stock  

ILS 19.00  1.10  5.47%

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

WhiteSmoke Software 'What if' Analysis

September 15, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 15, 2018
0.00
If you would invest  0.00  in WhiteSmoke Software on September 15, 2018 and sell it all today you would earn a total of 0.00 from holding WhiteSmoke Software Ltd or generate 0.0% return on investment in WhiteSmoke Software over 30 days. WhiteSmoke Software is related to or competes with Magic Software, and . WhiteSmoke Software Ltd develops English correction and writing enhancement software solutions in Israel

WhiteSmoke Software Upside/Downside Indicators

Information Ratio0.3119
Maximum Drawdown5.5
Value At Risk1.61
Potential Upside2.19
  

WhiteSmoke Software Market Premium Indicators

Risk Adjusted Performance0.191
Jensen Alpha0.1935
Total Risk Alpha0.3546
Treynor Ratio24.04

WhiteSmoke Software Backtested Returns

Macroaxis considers WhiteSmoke Software not very volatile given 1 month investment horizon. WhiteSmoke Software shows Sharpe Ratio of 0.0567 which attests that WhiteSmoke Software had 0.0567% of return per unit of risk over the last 1 month. Our philosophy towards determining 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 WhiteSmoke Software which you can use to evaluate future volatility of the organization. Please utilize WhiteSmoke Software Market Risk Adjusted Performance of 24.03 and Mean Deviation of 0.6715 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 WhiteSmoke Software holds performance score of 3. The firm maintains market beta of -0.0081 which attests that as returns on market increase, returns on owning WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, WhiteSmoke Software is likely to outperform the market.. Although it is extremely important to respect WhiteSmoke Software historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining 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 WhiteSmoke Software technical indicators you can presently evaluate if the expected return of 0.2263% will be sustainable into the future. Please utilizes WhiteSmoke Software Standard Deviation, Information Ratio, Treynor Ratio, as well as the relationship between Variance and Jensen Alpha to make a quick decision on weather WhiteSmoke Software Ltd historical returns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.69) 

Very good reverse predictability

WhiteSmoke Software Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between WhiteSmoke Software time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 15, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WhiteSmoke Software price movement. The serial correlation of -0.69 indicates that around 69.0% of current WhiteSmoke Software price fluctuation can be explain by its past prices. Given that WhiteSmoke Software Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of WhiteSmoke Software for similar time interval.
Correlation Coefficient-0.69
Spearman Rank Test-0.03
Residual Average0.0
Price Variance2.29

WhiteSmoke Software lagged returns against current returns

 Current and Lagged Values 
      Timeline 

WhiteSmoke Software regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

WhiteSmoke Software Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - WSMK

WhiteSmoke Software Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in WhiteSmoke Software Ltd. What is your outlook on investing in WhiteSmoke Software Ltd? Are you bullish or bearish?
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See also WhiteSmoke Software Hype Analysis, WhiteSmoke Software Correlation, WhiteSmoke Software Valuation, WhiteSmoke Software Volatility as well as analyze WhiteSmoke Software Alpha and Beta and WhiteSmoke Software Performance. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.
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