Delek Automotive (Israel) Risk Analysis And Volatility Evaluation

DLEA -- Israel Stock  

ILS 1,998  12.00  0.60%

Macroaxis considers Delek Automotive to be not too risky. Delek Automotive Systems secures Sharpe Ratio (or Efficiency) of -0.073 which denotes Delek Automotive Systems had -0.073% of return per unit of risk over the last 1 month. 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 Coefficient Of Variation of 1,599 and Mean Deviation of 1.28 to check risk estimate we provide.
Horizon     30 Days    Login   to change

Delek Automotive Market Sensitivity

As returns on market increase, Delek Automotive returns are expected to increase less than the market. However during bear market, the loss on holding Delek Automotive will be expected to be smaller as well.
One Month Beta |Analyze Delek Automotive Systems Demand Trend
Check current 30 days Delek Automotive correlation with market (DOW)
β = 0.203
Delek Automotive Small BetaDelek Automotive Systems Beta Legend

Delek Automotive Systems Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Delek Automotive Systems Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Delek Automotive Projected Return Density Against Market

Assuming 30 trading days horizon, Delek Automotive has beta of 0.203 suggesting as returns on market go up, Delek Automotive average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Delek Automotive Systems Ltd will be expected to be much smaller as well. Additionally, Delek Automotive Systems Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Delek Automotive is -1369.72. The daily returns are destributed with a variance of 4.91 and standard deviation of 2.22. The mean deviation of Delek Automotive Systems Ltd is currently at 1.49. For similar time horizon, the selected benchmark (DOW) has volatility of 1.08
α
Alpha over DOW
=0.12
β
Beta against DOW=0.20
σ
Overall volatility
=2.22
Ir
Information ratio =0.04

Delek Automotive Return Volatility

Delek Automotive Systems Ltd accepts 2.2157% volatility on return distribution over the 30 days horizon. DOW inherits 1.0565% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Delek Automotive Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Slowly supersedes market

Investment Outlook

Delek Automotive Investment Opportunity

Delek Automotive Systems Ltd has a volatility of 2.22 and is 2.09 times more volatile than DOW. 20% 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 20 (%) of all global equities and portfolios over the last 30 days. Use Delek Automotive Systems Ltd to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Delek Automotive to be traded at S2197.8 in 30 days. As returns on market increase, Delek Automotive returns are expected to increase less than the market. However during bear market, the loss on holding Delek Automotive will be expected to be smaller as well.

Delek Automotive correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Delek Automotive Systems Ltd and equity matching DJI index in the same portfolio.

Delek Automotive Volatility Indicators

Delek Automotive Systems Ltd Current Risk Indicators

Additionally see Investing Opportunities. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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