Sarine Technologies (Israel) Market Value
| SARN Stock | 63.90 1.60 2.44% |
| Symbol | Sarine |
Sarine Technologies '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 Sarine Technologies' 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 Sarine Technologies.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sarine Technologies on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sarine Technologies or generate 0.0% return on investment in Sarine Technologies over 30 days. Sarine Technologies is related to or competes with Migdal Insurance, Computer Direct, Magic Software, Global Knafaim, Hiron Trade, and Dan Hotels. More
Sarine Technologies 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 Sarine Technologies' 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 Sarine Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.97 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.15 |
Sarine Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sarine Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sarine Technologies' standard deviation. In reality, there are many statistical measures that can use Sarine Technologies historical prices to predict the future Sarine Technologies' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.008 | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.1074 |
Sarine Technologies Backtested Returns
Sarine Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.043, which indicates the firm had a -0.043% return per unit of risk over the last 3 months. Sarine Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sarine Technologies' Coefficient Of Variation of (8,722), insignificant risk adjusted performance, and Variance of 7.95 to confirm the risk estimate we provide. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sarine Technologies are expected to decrease at a much lower rate. During the bear market, Sarine Technologies is likely to outperform the market. At this point, Sarine Technologies has a negative expected return of -0.0714%. Please make sure to validate Sarine Technologies' maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if Sarine Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Sarine Technologies has modest predictability. Overlapping area represents the amount of predictability between Sarine Technologies time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Sarine Technologies price movement. The serial correlation of 0.51 indicates that about 51.0% of current Sarine Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Sarine Technologies lagged returns against current returns
Autocorrelation, which is Sarine Technologies 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 Sarine Technologies' stock expected returns. We can calculate the autocorrelation of Sarine Technologies returns to help us make a trade decision. For example, suppose you find that Sarine Technologies 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 |
Sarine Technologies 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 Sarine Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sarine Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sarine Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Sarine Technologies Lagged Returns
When evaluating Sarine Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sarine Technologies stock have on its future price. Sarine Technologies 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, Sarine Technologies autocorrelation shows the relationship between Sarine Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Sarine Technologies.
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 Sarine Stock
Sarine Technologies financial ratios help investors to determine whether Sarine 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 Sarine with respect to the benefits of owning Sarine Technologies security.