Nice (Israel) Performance

NICE Stock  ILA 95,720  1,120  1.18%   
On a scale of 0 to 100, Nice holds a performance score of 19. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nice are expected to decrease at a much lower rate. During the bear market, Nice is likely to outperform the market. Please check Nice's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Nice's current price movements will revert.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Nice are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Nice sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
Begin Period Cash Flow442.3 M
Total Cashflows From Investing Activities-261.5 M
  

Nice Relative Risk vs. Return Landscape

If you would invest  7,121,000  in Nice on December 30, 2023 and sell it today you would earn a total of  2,451,000  from holding Nice or generate 34.42% return on investment over 90 days. Nice is generating 0.6243% of daily returns and assumes 2.5386% volatility on return distribution over the 90 days horizon. Simply put, 22% of stocks are less volatile than Nice, and 88% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Nice is expected to generate 4.43 times more return on investment than the market. However, the company is 4.43 times more volatile than its market benchmark. It trades about 0.25 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of risk.

Nice Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nice's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nice, and traders can use it to determine the average amount a Nice's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.2459

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Estimated Market Risk

 2.54
  actual daily
22
78% of assets are more volatile

Expected Return

 0.62
  actual daily
12
88% of assets have higher returns

Risk-Adjusted Return

 0.25
  actual daily
19
81% of assets perform better
Based on monthly moving average Nice is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nice by adding it to a well-diversified portfolio.

Nice Fundamentals Growth

Nice Stock prices reflect investors' perceptions of the future prospects and financial health of Nice, and Nice fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nice Stock performance.

About Nice Performance

To evaluate Nice Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nice generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nice Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nice market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nice's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. NICE Ltd. was founded in 1986 and is based in Raanana, Israel. NICE operates under SoftwareApplication classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 6383 people.

Things to note about Nice performance evaluation

Checking the ongoing alerts about Nice for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nice help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Nice's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nice's stock performance include:
  • Analyzing Nice's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nice's stock is overvalued or undervalued compared to its peers.
  • Examining Nice's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Nice's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nice's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Nice's stock. These opinions can provide insight into Nice's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Nice's stock performance is not an exact science, and many factors can impact Nice's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nice. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Nice Stock analysis

When running Nice's price analysis, check to measure Nice'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 Nice is operating at the current time. Most of Nice's value examination focuses on studying past and present price action to predict the probability of Nice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nice's price. Additionally, you may evaluate how the addition of Nice to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nice's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.