Macroaxis considers Delek Automotive to be unknown risk. Delek Automotive Systems secures Sharpe Ratio (or Efficiency) of -0.2706 which denotes the organization had -0.2706% 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 Automotive Systems Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Delek Automotive Systems Mean Deviation of 2.05 and Coefficient Of Variation of
(503.81) to check risk estimate we provide.
|Horizon||30 Days Login to change|
Delek Automotive Market Sensitivity
|As returns on market increase, returns on owning Delek Automotive are expected to decrease at a much smaller rate. During bear market, Delek Automotive is likely to outperform the market. 2 Months Beta |Analyze Delek Automotive Systems Demand TrendCheck current 30 days Delek Automotive correlation with market (DOW)|
β = -0.2453
Delek Automotive Central Daily Price Deviation
Delek Automotive Systems Technical Analysis
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Delek Automotive Projected Return Density Against MarketAssuming 30 trading days horizon, Delek Automotive Systems Ltd has beta of -0.2453 suggesting as returns on benchmark increase, returns on holding Delek Automotive are expected to decrease at a much smaller rate. During bear market, however, Delek Automotive Systems Ltd is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Delek Automotive Systems is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Delek Automotive is -369.61. The daily returns are destributed with a variance of 3.44 and standard deviation of 1.86. The mean deviation of Delek Automotive Systems Ltd is currently at 1.44. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
|Alpha over DOW||=||0.57|
|Beta against DOW||=||0.25|
Delek Automotive Return Volatilitythe company accepts 1.8557% volatility on return distribution over the 30 days horizon. the entity inherits 0.6883% risk (volatility on return distribution) over the 30 days horizon.
Delek Automotive Systems Ltd has a volatility of 1.86 and is 2.7 times more volatile than DOW. 16% of all equities and portfolios are less risky than Delek Automotive. Compared to the overall equity markets, volatility of historical daily returns of Delek Automotive Systems Ltd is lower than 16 (%) of all global equities and portfolios over the last 30 days. Use Delek Automotive Systems Ltd to protect your portfolios against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Delek Automotive to be traded at S1401.6 in 30 days. . As returns on market increase, returns on owning Delek Automotive are expected to decrease at a much smaller rate. During bear market, Delek Automotive is likely to outperform the market.
Delek Automotive correlation with market