WHITESMOKE SOFTWAR (Israel) Backtesting

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WSMK -- Israel Stock  

ILS 48.10  2.70  5.95%

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

WHITESMOKE SOFTWAR 'What if' Analysis

October 20, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
January 18, 2020
0.00
If you would invest  0.00  in WHITESMOKE SOFTWAR on October 20, 2019 and sell it all today you would earn a total of 0.00 from holding WHITESMOKE SOFTWAR or generate 0.0% return on investment in WHITESMOKE SOFTWAR over 90 days. WHITESMOKE SOFTWAR is related to or competes with NICE LTD, and MAGIC SOFTWARE. WhiteSmoke Software Ltd develops English correction and writing enhancement software solutions in Israel

WHITESMOKE SOFTWAR Upside/Downside Indicators

Information Ratio(0.11)
Maximum Drawdown41.2
Value At Risk(6.90)
Potential Upside7.6

WHITESMOKE SOFTWAR Market Premium Indicators

Risk Adjusted Performance(0.034975)
Jensen Alpha(0.95)
Total Risk Alpha(2.95)
Treynor Ratio(0.46)

WHITESMOKE SOFTWAR Backtested Returns

We consider WHITESMOKE SOFTWAR not too volatile. WHITESMOKE SOFTWAR shows Sharpe Ratio of 0.0371 which attests that the company had 0.0371% of return per unit of standard deviation over the last 3 months. Our approach into 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 SOFTWAR which you can use to evaluate future volatility of the organization. Please check out WHITESMOKE SOFTWAR Mean Deviation of 3.96 and Risk Adjusted Performance of (0.034975) to validate if risk estimate we provide are consistent with the epected return of 0.1407%. WHITESMOKE SOFTWAR has performance score of 2 on a scale of 0 to 100. The firm maintains market beta of 1.5956 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, WHITESMOKE SOFTWAR will likely underperform. Although it is extremely important to respect WHITESMOKE SOFTWAR historical price patterns, it is better to be realistic regarding the information on equity current price history. The approach into 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 reviewing WHITESMOKE SOFTWAR technical indicators you can now evaluate if the expected return of 0.1407% will be sustainable into the future. WHITESMOKE SOFTWAR currently maintains a risk of 3.79%. Please check out WHITESMOKE SOFTWAR Standard Deviation, Information Ratio, Treynor Ratio, as well as the relationship between Variance and Jensen Alpha to decide if WHITESMOKE SOFTWAR will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 
correlation synergy

No correlation between past and present

WHITESMOKE SOFTWAR has no correlation between past and present. Overlapping area represents the amount of predictability between WHITESMOKE SOFTWAR time series from October 20, 2019 to December 4, 2019 and December 4, 2019 to January 18, 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 WHITESMOKE SOFTWAR price movement. The serial correlation of 0.0 indicates that just 0.0% of current WHITESMOKE SOFTWAR price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test-0.48
Residual Average0.0
Price Variance4.44

WHITESMOKE SOFTWAR lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

WHITESMOKE SOFTWAR regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

WHITESMOKE SOFTWAR Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - WSMK

WHITESMOKE SOFTWAR Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in WHITESMOKE SOFTWAR. What is your outlook on investing in WHITESMOKE SOFTWAR? Are you bullish or bearish?
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See also WHITESMOKE SOFTWAR Hype Analysis, WHITESMOKE SOFTWAR Correlation, WHITESMOKE SOFTWAR Valuation, WHITESMOKE SOFTWAR Volatility as well as analyze WHITESMOKE SOFTWAR Alpha and Beta and WHITESMOKE SOFTWAR Performance. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.