Maytronics (Israel) Market Value
| MTRN Stock | ILS 899.00 121.00 11.86% |
| Symbol | Maytronics |
Maytronics '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 Maytronics' 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 Maytronics.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Maytronics on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Maytronics or generate 0.0% return on investment in Maytronics over 30 days. Maytronics is related to or competes with El Al, Magic Software, Neto Malinda, Orbit Technologies, Aryt Industries, Nice, and Qualitau. Maytronics Ltd. offers automated electronic pool cleaning products worldwide More
Maytronics 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 Maytronics' 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 Maytronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 26.66 | |||
| Value At Risk | (6.83) | |||
| Potential Upside | 5.62 |
Maytronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maytronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maytronics' standard deviation. In reality, there are many statistical measures that can use Maytronics historical prices to predict the future Maytronics' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (1.52) | |||
| Treynor Ratio | 2.1 |
Maytronics Backtested Returns
Maytronics has Sharpe Ratio of -0.0477, which conveys that the firm had a -0.0477% return per unit of risk over the last 3 months. Maytronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Maytronics' Risk Adjusted Performance of (0.09), standard deviation of 5.35, and Mean Deviation of 3.43 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Maytronics are expected to decrease at a much lower rate. During the bear market, Maytronics is likely to outperform the market. At this point, Maytronics has a negative expected return of -0.23%. Please make sure to verify Maytronics' accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Maytronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Maytronics has poor reverse predictability. Overlapping area represents the amount of predictability between Maytronics time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Maytronics price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Maytronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 5013.48 |
Maytronics lagged returns against current returns
Autocorrelation, which is Maytronics 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 Maytronics' stock expected returns. We can calculate the autocorrelation of Maytronics returns to help us make a trade decision. For example, suppose you find that Maytronics 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 |
Maytronics 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 Maytronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maytronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maytronics stock over time.
Current vs Lagged Prices |
| Timeline |
Maytronics Lagged Returns
When evaluating Maytronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maytronics stock have on its future price. Maytronics 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, Maytronics autocorrelation shows the relationship between Maytronics stock current value and its past values and can show if there is a momentum factor associated with investing in Maytronics.
Regressed Prices |
| Timeline |
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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 Maytronics Stock
Maytronics financial ratios help investors to determine whether Maytronics 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 Maytronics with respect to the benefits of owning Maytronics security.