Macroaxis considers Delek Drilling to be unknown risk. Delek Drilling secures Sharpe Ratio (or Efficiency) of -0.3105 which denotes the organization had -0.3105% of return per unit of risk over the last 2 months. Macroaxis philosophy towards predicting 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. Delek Drilling Limited Partnership exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Delek Drilling Mean Deviation of 1.66, Coefficient Of Variation of 15888.63 and Downside Deviation of 2.73 to check risk estimate we provide.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
|Horizon||30 Days Login to change|
Delek Drilling Market Sensitivity
|As returns on market increase, returns on owning Delek Drilling are expected to decrease at a much smaller rate. During bear market, Delek Drilling is likely to outperform the market. 2 Months Beta |Analyze Delek Drilling Demand TrendCheck current 30 days Delek Drilling correlation with market (DOW)|
β = -0.1112
Delek Drilling Central Daily Price Deviation
Delek Drilling Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Delek Drilling Projected Return Density Against MarketAssuming 30 trading days horizon, Delek Drilling Limited Partnership has beta of -0.1112 suggesting as returns on benchmark increase, returns on holding Delek Drilling are expected to decrease at a much smaller rate. During bear market, however, Delek Drilling Limited Partnership is likely to outperform the market. Moreover, The company has an alpha of 0.0181 implying that it can potentially generate 0.0181% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Delek Drilling is -322.04. The daily returns are destributed with a variance of 7.54 and standard deviation of 2.75. The mean deviation of Delek Drilling Limited Partnership is currently at 1.81. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
|Alpha over DOW||=||0.0181|
|Beta against DOW||=||0.11|
Delek Drilling Return Volatilitythe company accepts 2.7454% volatility on return distribution over the 30 days horizon. the entity inherits 0.5802% risk (volatility on return distribution) over the 30 days horizon.
Delek Drilling Investment Opportunity
Delek Drilling Limited Partnership has a volatility of 2.75 and is 4.74 times more volatile than DOW. 24% of all equities and portfolios are less risky than Delek Drilling. Compared to the overall equity markets, volatility of historical daily returns of Delek Drilling Limited Partnership is lower than 24 (%) of all global equities and portfolios over the last 30 days. Use Delek Drilling Limited Partnership to protect your portfolios against small markets fluctuations. The stock experiences very speculative upward sentiment. Check odds of Delek Drilling to be traded at 1018.4 in 30 days. . As returns on market increase, returns on owning Delek Drilling are expected to decrease at a much smaller rate. During bear market, Delek Drilling is likely to outperform the market.
Delek Drilling correlation with market
Delek Drilling Current Risk Indicators
|Risk Adjusted Performance||0.0114|
|Market Risk Adjusted Performance||(0.038875)|
|Coefficient Of Variation||15888.63|
Delek Drilling Suggested Diversification Pairs