Priortech (Israel) Market Value
| PRTC Stock | ILS 16,380 120.00 0.73% |
| Symbol | Priortech |
Priortech '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 Priortech'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 Priortech.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Priortech on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Priortech or generate 0.0% return on investment in Priortech over 30 days. Priortech is related to or competes with Nova, Matrix, PCB Tec, Camtek, and Tower Semiconductor. Priortech Ltd, through its subsidiaries, provides capital equipment, technologies, and manufacturing services in Israel ... More
Priortech 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 Priortech'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 Priortech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.74 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 5.16 |
Priortech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Priortech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Priortech's standard deviation. In reality, there are many statistical measures that can use Priortech historical prices to predict the future Priortech's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.2553 |
Priortech Backtested Returns
At this point, Priortech is very steady. Priortech maintains Sharpe Ratio (i.e., Efficiency) of 0.0442, which implies the firm had a 0.0442% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Priortech, which you can use to evaluate the volatility of the company. Please check Priortech's insignificant Risk Adjusted Performance, coefficient of variation of (6,298), and Variance of 10.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Priortech has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Priortech are expected to decrease at a much lower rate. During the bear market, Priortech is likely to outperform the market. Priortech right now holds a risk of 3.27%. Please check Priortech treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Priortech will be following its historical price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Priortech has poor reverse predictability. Overlapping area represents the amount of predictability between Priortech time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 Priortech price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Priortech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 62.1 K |
Priortech lagged returns against current returns
Autocorrelation, which is Priortech 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 Priortech's stock expected returns. We can calculate the autocorrelation of Priortech returns to help us make a trade decision. For example, suppose you find that Priortech 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 |
Priortech 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 Priortech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Priortech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Priortech stock over time.
Current vs Lagged Prices |
| Timeline |
Priortech Lagged Returns
When evaluating Priortech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Priortech stock have on its future price. Priortech 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, Priortech autocorrelation shows the relationship between Priortech stock current value and its past values and can show if there is a momentum factor associated with investing in Priortech.
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 Priortech Stock
Priortech financial ratios help investors to determine whether Priortech 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 Priortech with respect to the benefits of owning Priortech security.