Unitronics (Israel) Price on November 29, 2023

UNIT Stock  ILS 2,358  80.00  3.28%   
If you're considering investing in Unitronics Stock, it is important to understand the factors that can impact its price. As of today, the current price of Unitronics stands at 2,358, as last reported on the 4th of December, with the highest price reaching 2,442 and the lowest price hitting 2,351 during the day. Unitronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Unitronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unitronics' Variance of 7.94, coefficient of variation of (450.15), and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide.
  
Unitronics Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1269

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Estimated Market Risk

 2.9
  actual daily
25
75% of assets are more volatile

Expected Return

 -0.37
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.13
  actual daily
0
Most of other assets perform better
Based on monthly moving average Unitronics is not performing at its full potential. However, 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 Unitronics by adding Unitronics to a well-diversified portfolio.

Unitronics Valuation on November 29, 2023

It is possible to determine the worth of Unitronics on a given historical date. On November 29, 2023 Unitronics was worth 2855.11 at the beginning of the trading date compared to the closed value of 2851.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Unitronics stock. Still, in general, we apply an absolute valuation method to find Unitronics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Unitronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Unitronics' related companies.
 Open High Low Close Volume
  2,926    2,926    2,795    2,853    15,439  
11/29/2023
  2,855    2,855    2,800    2,851    1,643  
  2,851    2,851    2,775    2,822    4,860  
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Open Value
2855.11
2851.38
Closing Value
2,864
Upside

Unitronics Trading Date Momentum on November 29, 2023

On November 30 2023 Unitronics was traded for  2,822  at the closing time. The highest price during the trading period was 2,851  and the lowest recorded bid was listed for  2,775 . The volume for the day was 4.9 K. This history from November 30, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 1.05% . The trading price change to the current price is 1.34% .

Unitronics Fundamentals Correlations and Trends

By evaluating Unitronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Unitronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Unitronics financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Unitronics Stock history

Unitronics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Unitronics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Unitronics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Unitronics stock prices may prove useful in developing a viable investing in Unitronics
Unitronics Ltd, together with its subsidiaries, designs, develops, produces, markets, and sells industrial automation products in Israel and internationally. Unitronics Ltd was founded in 1989 and is headquartered in Airport City, Israel. UNITRONICS operates under Semiconductors classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 342 people.

Unitronics Stock Technical Analysis

Unitronics 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.
A focus of Unitronics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Unitronics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Unitronics Period Price Range

Low
December 4, 2024
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High

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Unitronics cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Unitronics December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Unitronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Unitronics shares will generate the highest return on investment. By undertsting and applying Unitronics stock market strength indicators, traders can identify Unitronics entry and exit signals to maximize returns

Unitronics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Unitronics' price direction in advance. Along with the technical and fundamental analysis of Unitronics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Unitronics to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Unitronics Stock analysis

When running Unitronics' price analysis, check to measure Unitronics' 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 Unitronics is operating at the current time. Most of Unitronics' value examination focuses on studying past and present price action to predict the probability of Unitronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unitronics' price. Additionally, you may evaluate how the addition of Unitronics to your portfolios can decrease your overall portfolio volatility.
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