Nala Digital (Israel) Market Value
| SEFA Stock | ILS 580.00 13.10 2.21% |
| Symbol | Nala |
Nala Digital '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 Nala Digital'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 Nala Digital.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Nala Digital on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nala Digital Commerce or generate 0.0% return on investment in Nala Digital over 30 days. Nala Digital is related to or competes with Maytronics, Shufersal, Alony Hetz, and Isracard. Shefa Yamim Ltd, a multi-commodity gemstone mining exploration company, explores for, develops, and produces gemstones p... More
Nala Digital 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 Nala Digital'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 Nala Digital Commerce upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.76 | |||
| Information Ratio | 0.1391 | |||
| Maximum Drawdown | 973.57 | |||
| Value At Risk | (9.57) | |||
| Potential Upside | 27.27 |
Nala Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nala Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nala Digital's standard deviation. In reality, there are many statistical measures that can use Nala Digital historical prices to predict the future Nala Digital's volatility.| Risk Adjusted Performance | 0.1203 | |||
| Jensen Alpha | 17.02 | |||
| Total Risk Alpha | 13.2 | |||
| Sortino Ratio | 2.87 | |||
| Treynor Ratio | (0.74) |
Nala Digital Commerce Backtested Returns
Nala Digital is out of control given 3 months investment horizon. Nala Digital Commerce has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 23.5% are justified by taking the suggested risk. Use Nala Digital Commerce Risk Adjusted Performance of 0.1203, downside deviation of 5.76, and Mean Deviation of 30.74 to evaluate company specific risk that cannot be diversified away. Nala Digital holds a performance score of 13 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -22.25, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nala Digital are expected to decrease by larger amounts. On the other hand, during market turmoil, Nala Digital is expected to outperform it. Use Nala Digital Commerce sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on Nala Digital Commerce.
Auto-correlation | 0.55 |
Modest predictability
Nala Digital Commerce has modest predictability. Overlapping area represents the amount of predictability between Nala Digital time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Nala Digital Commerce price movement. The serial correlation of 0.55 indicates that about 55.0% of current Nala Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 429.22 |
Nala Digital Commerce lagged returns against current returns
Autocorrelation, which is Nala Digital 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 Nala Digital's stock expected returns. We can calculate the autocorrelation of Nala Digital returns to help us make a trade decision. For example, suppose you find that Nala Digital 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 |
Nala Digital 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 Nala Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nala Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nala Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Nala Digital Lagged Returns
When evaluating Nala Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nala Digital stock have on its future price. Nala Digital 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, Nala Digital autocorrelation shows the relationship between Nala Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Nala Digital Commerce.
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 Nala Stock
Nala Digital financial ratios help investors to determine whether Nala 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 Nala with respect to the benefits of owning Nala Digital security.