|Horizon||30 Days Login to change|
Elbit Medical Market Sensitivity
|As returns on market increase, returns on owning Elbit Medical are expected to decrease at a much smaller rate. During bear market, Elbit Medical is likely to outperform the market.One Month Beta |Analyze Elbit Medical Techno Demand TrendCheck current 30 days Elbit Medical correlation with market (DOW)|
β = -0.1304
Elbit Medical Techno Technical Analysis
Elbit Medical Projected Return Density Against MarketAssuming 30 trading days horizon, Elbit Medical Technologies Ltd has beta of -0.1304 suggesting as returns on benchmark increase, returns on holding Elbit Medical are expected to decrease at a much smaller rate. During bear market, however, Elbit Medical Technologies Ltd is likely to outperform the market. Additionally, Elbit Medical Technologies 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
Elbit Medical Return VolatilityElbit Medical Technologies Ltd accepts 1.7489% volatility on return distribution over the 30 days horizon. DOW inherits 1.0404% risk (volatility on return distribution) over the 30 days horizon.