New Horizon (Israel) Risk Analysis And Volatility Evaluation

NERZ -- Israel Stock  

ILS 525.80  0.000012  0.00%

Our philosophy towards estimating volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for New Horizon which you can use to evaluate future volatility of the firm. Please verify New Horizon Group Ltd Mean Deviation of 1.15 and Risk Adjusted Performance of 0.1265 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

New Horizon Market Sensitivity

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.
2 Months Beta |Analyze New Horizon Group Demand Trend
Check current 30 days New Horizon correlation with market (DOW)
β = -0.5049

New Horizon Central Daily Price Deviation

New Horizon Group Technical Analysis

Transformation
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New Horizon Projected Return Density Against Market

Assuming 30 trading days horizon, New Horizon Group Ltd has beta of -0.5049 indicating as returns on benchmark increase, returns on holding New Horizon are expected to decrease at a much smaller rate. During bear market, however, New Horizon Group Ltd is likely to outperform the market. Moreover, New Horizon Group Ltd has an alpha of 0.1742 implying that it can potentially generate 0.1742% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.17
β
Beta against DOW=0.5
σ
Overall volatility
=0.00
Ir
Information ratio =0.14

New Horizon Return Volatility

New Horizon Group Ltd accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3305% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

New Horizon Investment Opportunity

DOW has a standard deviation of returns of 1.33 and is 9.223372036854776E16 times more volatile than New Horizon Group Ltd. 0% of all equities and portfolios are less risky than New Horizon. Compared to the overall equity markets, volatility of historical daily returns of New Horizon Group Ltd is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use New Horizon Group Ltd to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of New Horizon to be traded at S552.09 in 30 days. 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.

New Horizon correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding New Horizon Group Ltd and equity matching DJI index in the same portfolio.

New Horizon Volatility Indicators

New Horizon Group Ltd Current Risk Indicators

Please see also Stocks Correlation. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
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