Computer Direct (Israel) Market Value
| CMDR Stock | ILS 36,950 110.00 0.30% |
| Symbol | Computer |
Computer Direct '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 Computer Direct'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 Computer Direct.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Computer Direct on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Computer Direct or generate 0.0% return on investment in Computer Direct over 720 days. Computer Direct is related to or competes with Matrix, Hilan, One Software, Atreyu Capital, and Tedea Technological. Computer Direct Group Ltd. engages in the computing and software sector in Israel and internationally More
Computer Direct 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 Computer Direct'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 Computer Direct upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.2196 | |||
| Maximum Drawdown | 6.89 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 4.01 |
Computer Direct Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Computer Direct's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Computer Direct's standard deviation. In reality, there are many statistical measures that can use Computer Direct historical prices to predict the future Computer Direct's volatility.| Risk Adjusted Performance | 0.2288 | |||
| Jensen Alpha | 0.5407 | |||
| Total Risk Alpha | 0.2287 | |||
| Sortino Ratio | 0.248 | |||
| Treynor Ratio | 8.58 |
Computer Direct Backtested Returns
Computer Direct appears to be very steady, given 3 months investment horizon. Computer Direct secures Sharpe Ratio (or Efficiency) of 0.41, which signifies that the company had a 0.41% return per unit of risk over the last 3 months. By analyzing Computer Direct's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Computer Direct's Downside Deviation of 1.7, mean deviation of 1.38, and Risk Adjusted Performance of 0.2288 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Computer Direct holds a performance score of 32. The firm shows a Beta (market volatility) of 0.064, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Computer Direct's returns are expected to increase less than the market. However, during the bear market, the loss of holding Computer Direct is expected to be smaller as well. Please check Computer Direct's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Computer Direct's price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Computer Direct has very weak reverse predictability. Overlapping area represents the amount of predictability between Computer Direct time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Computer Direct price movement. The serial correlation of -0.02 indicates that only 2.0% of current Computer Direct price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 9.7 M |
Computer Direct lagged returns against current returns
Autocorrelation, which is Computer Direct 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 Computer Direct's stock expected returns. We can calculate the autocorrelation of Computer Direct returns to help us make a trade decision. For example, suppose you find that Computer Direct 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 |
Computer Direct 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 Computer Direct stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Computer Direct stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Computer Direct stock over time.
Current vs Lagged Prices |
| Timeline |
Computer Direct Lagged Returns
When evaluating Computer Direct's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Computer Direct stock have on its future price. Computer Direct 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, Computer Direct autocorrelation shows the relationship between Computer Direct stock current value and its past values and can show if there is a momentum factor associated with investing in Computer Direct.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Computer Stock
Computer Direct financial ratios help investors to determine whether Computer Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Computer with respect to the benefits of owning Computer Direct security.