WhiteSmoke Software (Israel) Market Value
| WSMK Stock | ILA 360.00 19.90 5.85% |
| Symbol | WhiteSmoke |
WhiteSmoke Software '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 WhiteSmoke Software'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 WhiteSmoke Software.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in WhiteSmoke Software on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding WhiteSmoke Software or generate 0.0% return on investment in WhiteSmoke Software over 90 days. WhiteSmoke Software is related to or competes with YD More, Hiron Trade, Amir Marketing, Azorim Investment, and Analyst IMS. WhiteSmoke Software Ltd develops English correction and writing enhancement software solutions in Israel More
WhiteSmoke Software 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 WhiteSmoke Software'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 WhiteSmoke Software upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.22 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 7.62 |
WhiteSmoke Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WhiteSmoke Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WhiteSmoke Software's standard deviation. In reality, there are many statistical measures that can use WhiteSmoke Software historical prices to predict the future WhiteSmoke Software's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | 0.2866 | |||
| Treynor Ratio | 0.4587 |
WhiteSmoke Software Backtested Returns
WhiteSmoke Software shows Sharpe Ratio of -0.2, which attests that the company had a -0.2 % return per unit of risk over the last 3 months. WhiteSmoke Software exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WhiteSmoke Software's Market Risk Adjusted Performance of 0.4687, standard deviation of 4.17, and Mean Deviation of 3.27 to validate the risk estimate we provide. The firm maintains a market beta of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WhiteSmoke Software are expected to decrease at a much lower rate. During the bear market, WhiteSmoke Software is likely to outperform the market. At this point, WhiteSmoke Software has a negative expected return of -0.71%. Please make sure to check out WhiteSmoke Software's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if WhiteSmoke Software performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
WhiteSmoke Software has very good predictability. Overlapping area represents the amount of predictability between WhiteSmoke Software time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 WhiteSmoke Software price movement. The serial correlation of 0.81 indicates that around 81.0% of current WhiteSmoke Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 996.17 |
WhiteSmoke Software lagged returns against current returns
Autocorrelation, which is WhiteSmoke Software 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 WhiteSmoke Software's stock expected returns. We can calculate the autocorrelation of WhiteSmoke Software returns to help us make a trade decision. For example, suppose you find that WhiteSmoke Software 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 |
WhiteSmoke Software 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 WhiteSmoke Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WhiteSmoke Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WhiteSmoke Software stock over time.
Current vs Lagged Prices |
| Timeline |
WhiteSmoke Software Lagged Returns
When evaluating WhiteSmoke Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WhiteSmoke Software stock have on its future price. WhiteSmoke Software 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, WhiteSmoke Software autocorrelation shows the relationship between WhiteSmoke Software stock current value and its past values and can show if there is a momentum factor associated with investing in WhiteSmoke Software.
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 WhiteSmoke Stock
WhiteSmoke Software financial ratios help investors to determine whether WhiteSmoke 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 WhiteSmoke with respect to the benefits of owning WhiteSmoke Software security.