Elbit Medical (Israel) Risk Analysis And Volatility

EMTC -- Israel Stock  

ILS 87.80  2.10  2.45%

Macroaxis considers Elbit Medical to be very steady. Elbit Medical Techno secures Sharpe Ratio (or Efficiency) of -0.2645 which denotes the organization had -0.2645% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in 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. Elbit Medical Technologies Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Elbit Medical Techno Mean Deviation of 0.8639 to check risk estimate we provide.

60 Days Market Risk

Very steady

Chance of Distress in 24 months

60 Days Economic Sensitivity

Moves indifferently to market moves
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.
2 Months Beta |Analyze Elbit Medical Techno Demand Trend
Check current 30 days Elbit Medical correlation with market (DOW)
β = -0.1512

Elbit Medical Central Daily Price Deviation

Elbit Medical Techno Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Elbit Medical Techno 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.

Elbit Medical Projected Return Density Against Market

Assuming 30 trading days horizon, Elbit Medical Technologies Ltd has beta of -0.1512 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, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Elbit Medical Techno is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Elbit Medical is -378.06. The daily returns are destributed with a variance of 3.12 and standard deviation of 1.77. The mean deviation of Elbit Medical Technologies Ltd is currently at 0.96. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
α
Alpha over DOW
=0.04
β
Beta against DOW=0.15
σ
Overall volatility
=1.77
Ir
Information ratio =0.11

Elbit Medical Return Volatility

the company accepts 1.766% volatility on return distribution over the 30 days horizon. the entity inherits 0.5831% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Elbit Medical Investment Opportunity

Elbit Medical Technologies Ltd has a volatility of 1.77 and is 3.05 times more volatile than DOW. 15% of all equities and portfolios are less risky than Elbit Medical. Compared to the overall equity markets, volatility of historical daily returns of Elbit Medical Technologies Ltd is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use Elbit Medical Technologies Ltd to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Elbit Medical to be traded at S105.36 in 30 days. . 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.

Elbit Medical correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Elbit Medical Technologies Ltd and equity matching DJI index in the same portfolio.

Elbit Medical Current Risk Indicators

Elbit Medical Suggested Diversification Pairs

Additionally see Investing Opportunities. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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