Trucknet Enterprise (Israel) Market Value
| TRAN Stock | ILA 113.00 0.40 0.35% |
| Symbol | Trucknet |
Trucknet Enterprise '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 Trucknet Enterprise'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 Trucknet Enterprise.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Trucknet Enterprise on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Trucknet Enterprise or generate 0.0% return on investment in Trucknet Enterprise over 180 days. Trucknet Enterprise is related to or competes with Nice, WhiteSmoke Software, Nrgene Technologies, Photomyne, and . Trucknet Enterprise Ltd develops cloud-based transport optimization platform for fleet management companies More
Trucknet Enterprise 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 Trucknet Enterprise'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 Trucknet Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.0601 | |||
| Maximum Drawdown | 21.05 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 6.95 |
Trucknet Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trucknet Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trucknet Enterprise's standard deviation. In reality, there are many statistical measures that can use Trucknet Enterprise historical prices to predict the future Trucknet Enterprise's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.2445 | |||
| Total Risk Alpha | 0.1523 | |||
| Sortino Ratio | 0.0669 | |||
| Treynor Ratio | 0.2929 |
Trucknet Enterprise Backtested Returns
Trucknet Enterprise appears to be very steady, given 3 months investment horizon. Trucknet Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Trucknet Enterprise's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review Trucknet Enterprise's Coefficient Of Variation of 1468.46, semi deviation of 3.08, and Risk Adjusted Performance of 0.0623 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trucknet Enterprise holds a performance score of 11. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Trucknet Enterprise returns are very sensitive to returns on the market. As the market goes up or down, Trucknet Enterprise is expected to follow. Please check Trucknet Enterprise's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Trucknet Enterprise's existing price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Trucknet Enterprise has very good reverse predictability. Overlapping area represents the amount of predictability between Trucknet Enterprise time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Trucknet Enterprise price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Trucknet Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 115.93 |
Trucknet Enterprise lagged returns against current returns
Autocorrelation, which is Trucknet Enterprise 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 Trucknet Enterprise's stock expected returns. We can calculate the autocorrelation of Trucknet Enterprise returns to help us make a trade decision. For example, suppose you find that Trucknet Enterprise 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 |
Trucknet Enterprise 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 Trucknet Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trucknet Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trucknet Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Trucknet Enterprise Lagged Returns
When evaluating Trucknet Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trucknet Enterprise stock have on its future price. Trucknet Enterprise 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, Trucknet Enterprise autocorrelation shows the relationship between Trucknet Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Trucknet Enterprise.
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 Trucknet Stock
Trucknet Enterprise financial ratios help investors to determine whether Trucknet 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 Trucknet with respect to the benefits of owning Trucknet Enterprise security.