Utron (Israel) Market Value
| UTRN Stock | 383.00 15.20 4.13% |
| Symbol | Utron |
Utron '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 Utron'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 Utron.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Utron on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Utron or generate 0.0% return on investment in Utron over 180 days. Utron is related to or competes with Telsys, EN Shoham, Brainsway, Mivne Real, Photomyne, Israel Land, and Bezeq Israeli. More
Utron 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 Utron'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 Utron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 4.13 |
Utron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Utron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Utron's standard deviation. In reality, there are many statistical measures that can use Utron historical prices to predict the future Utron's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.276 |
Utron Backtested Returns
At this point, Utron is very steady. Utron owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.032, which indicates the firm had a 0.032% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Utron, which you can use to evaluate the volatility of the company. Please validate Utron's Variance of 5.88, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,817) to confirm if the risk estimate we provide is consistent with the expected return of 0.0636%. Utron has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Utron are expected to decrease at a much lower rate. During the bear market, Utron is likely to outperform the market. Utron right now has a risk of 1.99%. Please validate Utron skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Utron will be following its existing price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Utron has weak reverse predictability. Overlapping area represents the amount of predictability between Utron time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Utron price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Utron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 191.61 |
Utron lagged returns against current returns
Autocorrelation, which is Utron 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 Utron's stock expected returns. We can calculate the autocorrelation of Utron returns to help us make a trade decision. For example, suppose you find that Utron 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 |
Utron 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 Utron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Utron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Utron stock over time.
Current vs Lagged Prices |
| Timeline |
Utron Lagged Returns
When evaluating Utron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Utron stock have on its future price. Utron 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, Utron autocorrelation shows the relationship between Utron stock current value and its past values and can show if there is a momentum factor associated with investing in Utron.
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 Utron Stock
Utron financial ratios help investors to determine whether Utron 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 Utron with respect to the benefits of owning Utron security.