Nice (Israel) Market Value
| NICE Stock | ILA 55,810 140.00 0.25% |
| Symbol | Nice |
Nice '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 Nice'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 Nice.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Nice on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Nice or generate 0.0% return on investment in Nice over 30 days. Nice is related to or competes with Elbit Systems, Tower Semiconductor, Bank Leumi, Teva Pharmaceutical, and Israel Discount. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance More
Nice 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 Nice'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 Nice upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 23.16 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 4.09 |
Nice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nice's standard deviation. In reality, there are many statistical measures that can use Nice historical prices to predict the future Nice's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.23) |
Nice Backtested Returns
Nice has Sharpe Ratio of -0.0878, which conveys that the firm had a -0.0878 % return per unit of risk over the last 3 months. Nice exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nice's Standard Deviation of 3.44, mean deviation of 2.16, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.89, which conveys possible diversification benefits within a given portfolio. Nice returns are very sensitive to returns on the market. As the market goes up or down, Nice is expected to follow. At this point, Nice has a negative expected return of -0.27%. Please make sure to verify Nice's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Nice performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Nice has good reverse predictability. Overlapping area represents the amount of predictability between Nice time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nice price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Nice price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 12.3 M |
Nice lagged returns against current returns
Autocorrelation, which is Nice 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 Nice's stock expected returns. We can calculate the autocorrelation of Nice returns to help us make a trade decision. For example, suppose you find that Nice 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 |
Nice 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 Nice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nice stock over time.
Current vs Lagged Prices |
| Timeline |
Nice Lagged Returns
When evaluating Nice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nice stock have on its future price. Nice 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, Nice autocorrelation shows the relationship between Nice stock current value and its past values and can show if there is a momentum factor associated with investing in Nice.
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 Nice Stock
Nice financial ratios help investors to determine whether Nice 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 Nice with respect to the benefits of owning Nice security.