Neto ME (Israel) Price on September 28, 2023
| NTO Stock | ILS 6,949 99.00 1.45% |
If you're considering investing in Neto Stock, it is important to understand the factors that can impact its price. As of today, the current price of Neto ME stands at 6,949, as last reported on the 30th of April, with the highest price reaching 6,950 and the lowest price hitting 6,831 during the day. Neto ME appears to be very steady, given 3 months investment horizon. Neto ME Holdings has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Neto ME, which you can use to evaluate the volatility of the firm. Please exercise Neto ME's Risk Adjusted Performance of 0.1125, mean deviation of 1.23, and Downside Deviation of 1.68 to check out if our risk estimates are consistent with your expectations.
Neto Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Neto |
Sharpe Ratio = 0.1789
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Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Neto ME is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Neto ME by adding it to a well-diversified portfolio.
Neto ME Valuation on September 28, 2023
It is possible to determine the worth of Neto ME on a given historical date. On September 28, 2023 Neto was worth 6362.0 at the beginning of the trading date compared to the closed value of 6387.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Neto ME stock. Still, in general, we apply an absolute valuation method to find Neto ME's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Neto ME where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Neto ME's related companies.
| Open | High | Low | Close | Volume | |
| 6,463 | 6,502 | 6,353 | 6,353 | 7,063 | |
09/28/2023 | 6,362 | 6,387 | 6,350 | 6,387 | 2,532 |
| 6,400 | 6,497 | 6,359 | 6,359 | 1,665 |
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Neto ME Trading Date Momentum on September 28, 2023
| On October 02 2023 Neto ME Holdings was traded for 6,359 at the closing time. The maximum traded price for the trading interval was 6,497 and the lowest daily price was 6,359 . The daily volume was recorded at 1.7 K. The volume of trading on 2nd of October 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.44% . The trading delta at closing time to the closing price today is 12.32% . |
Neto ME Holdings Fundamentals Correlations and Trends
By evaluating Neto ME's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Neto ME's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Neto financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Neto ME Stock history
Neto ME investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Neto is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Neto ME Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Neto ME stock prices may prove useful in developing a viable investing in Neto ME
Neto M.E Holdings Ltd. produces, imports, markets, and distributes a range of food products in Israel. Neto M.E Holdings Ltd. was founded in 1940 and is headquartered in Kiryat Malachi, Israel. NETO M is traded on Tel Aviv Stock Exchange in Israel.
Neto ME Stock Technical Analysis
Neto ME technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Neto ME Period Price Range
Low | September 28, 2023
| High |
6,362 | 6,387 |
Neto ME April 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Neto ME stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Neto ME shares will generate the highest return on investment. By undertsting and applying Neto ME stock market strength indicators, traders can identify Neto ME Holdings entry and exit signals to maximize returns
Neto ME Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Neto ME's price direction in advance. Along with the technical and fundamental analysis of Neto Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Neto to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1125 | |||
| Jensen Alpha | 0.318 | |||
| Total Risk Alpha | 0.1555 | |||
| Sortino Ratio | 0.1497 | |||
| Treynor Ratio | (0.84) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neto ME Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Neto Stock analysis
When running Neto ME's price analysis, check to measure Neto ME's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Neto ME is operating at the current time. Most of Neto ME's value examination focuses on studying past and present price action to predict the probability of Neto ME's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neto ME's price. Additionally, you may evaluate how the addition of Neto ME to your portfolios can decrease your overall portfolio volatility.
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