Macroaxis considers Israel Opportunity to be not too risky. Israel Opportunity
holds Efficiency (Sharpe) Ratio of -0.1221 which attests that Israel Opportunity
had -0.1221% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Israel Opportunity exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Israel Opportunity Market Risk Adjusted Performance
of 4.37 and Risk Adjusted Performance
of (0.12) to validate risk estimate we provide. Macroaxis gives Israel Opportunity performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.0286 which attests that as returns on market increase, returns on owning Israel Opportunity are expected to decrease at a much smaller rate. During bear market, Israel Opportunity is likely to outperform the market.. Even though it is essential to pay attention to Israel Opportunity current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Israel Opportunity exposes twenty-one different technical indicators which can help you to evaluate its performance. Israel Opportunity has expected return of -0.1678%. Please be advised to check out Israel Opportunity Information Ratio, Treynor Ratio, Value At Risk, as well as the relationship between Jensen Alpha and Maximum Drawdown to decide if Israel Opportunity past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.26 |
Israel Opportunity Energy Resources Limited Partnership has poor predictability. Overlapping area represents the amount of predictability between Israel Opportunity time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Israel Opportunity price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Israel Opportunity price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.27|