|NERZ -- Israel Stock|| |
ILS 525.80 0.000012 0.00%
The company secures Beta (Market Risk) of -0.3818 which conveys that as returns on market increase, returns on owning New Horizon are expected to decrease at a much smaller rate. During bear market, New Horizon is likely to outperform the market. Although it is extremely important to respect New Horizon Group price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing New Horizon Group technical indicators
you can presently evaluate if the expected return of 0.0% will be sustainable into the future. New Horizon Group
right now secures a risk of 0.0%. Please verify New Horizon Group Ltd Treynor Ratio
, Value At Risk
, Downside Variance
, as well as the relationship
between Maximum Drawdown
and Potential Upside
to decide if New Horizon Group Ltd will be following its current price movements.
New Horizon Group Relative Risk vs. Return Landscape
If you would invest 52,580
in New Horizon Group Ltd on February 21, 2019
and sell it today you would earn a total of 0.00
from holding New Horizon Group Ltd or generate 0.0%
return on investment over 30
days. New Horizon Group Ltd is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than New Horizon and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
New Horizon Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average New Horizon is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Horizon
by adding it to a well-diversified
Over the last 30 days New Horizon Group Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.
|New Horizon Group is not yet fully synchronised with the market data|
Please see also Stocks Correlation
. Please also try Watchlist Optimization
module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.