Payton L (Israel) Market Value
| PAYT Stock | ILS 6,399 51.00 0.79% |
| Symbol | Payton |
Payton L '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 Payton L'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 Payton L.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Payton L on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Payton L or generate 0.0% return on investment in Payton L over 30 days. Payton L is related to or competes with Nice, Bank Leumi, Teva Pharmaceutical, Bank Hapoalim, and Bezeq Israeli. Payton Industries Ltd. develops, manufactures, and sells transformers for companies in communications, military, and med... More
Payton L 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 Payton L'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 Payton L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.1208 | |||
| Maximum Drawdown | 35.09 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 5.38 |
Payton L Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payton L's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payton L's standard deviation. In reality, there are many statistical measures that can use Payton L historical prices to predict the future Payton L's volatility.| Risk Adjusted Performance | 0.0964 | |||
| Jensen Alpha | 0.6611 | |||
| Total Risk Alpha | 0.0518 | |||
| Sortino Ratio | 0.2787 | |||
| Treynor Ratio | (1.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payton L'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.
Payton L Backtested Returns
Payton L appears to be very steady, given 3 months investment horizon. Payton L maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Payton L's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please evaluate Payton L's Risk Adjusted Performance of 0.0964, semi deviation of 1.4, and Coefficient Of Variation of 710.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Payton L holds a performance score of 11. The company holds a Beta of -0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Payton L are expected to decrease at a much lower rate. During the bear market, Payton L is likely to outperform the market. Please check Payton L's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to make a quick decision on whether Payton L's historical price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Payton L has average predictability. Overlapping area represents the amount of predictability between Payton L time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Payton L price movement. The serial correlation of 0.46 indicates that about 46.0% of current Payton L price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 11.2 K |
Payton L lagged returns against current returns
Autocorrelation, which is Payton L 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 Payton L's stock expected returns. We can calculate the autocorrelation of Payton L returns to help us make a trade decision. For example, suppose you find that Payton L 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 |
Payton L 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 Payton L stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payton L stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payton L stock over time.
Current vs Lagged Prices |
| Timeline |
Payton L Lagged Returns
When evaluating Payton L's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payton L stock have on its future price. Payton L 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, Payton L autocorrelation shows the relationship between Payton L stock current value and its past values and can show if there is a momentum factor associated with investing in Payton L.
Regressed Prices |
| Timeline |
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Check out Payton L Correlation, Payton L Volatility and Payton L Alpha and Beta module to complement your research on Payton L. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Payton Stock analysis
When running Payton L's price analysis, check to measure Payton L'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 Payton L is operating at the current time. Most of Payton L's value examination focuses on studying past and present price action to predict the probability of Payton L's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Payton L's price. Additionally, you may evaluate how the addition of Payton L to your portfolios can decrease your overall portfolio volatility.
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Payton L 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.