New Horizon (Israel) Risk Analysis And Volatility Evaluation

NERZ -- Israel Stock  

ILS 527.20  19.00  3.48%

New Horizon is unknown risk given 1 month investment horizon. New Horizon Group has Sharpe Ratio of 0.289 which conveys that New Horizon Group had 0.289% of return per unit of risk over the last 1 month. Our philosophy towards estimating risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.274% are justified by taking the suggested risk. Use New Horizon Group to evaluate company specific risk that cannot be diversified away.
Horizon     30 Days    Login   to change

New Horizon Group Technical Analysis

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New Horizon Projected Return Density Against Market

Assuming 30 trading days horizon, New Horizon has beta of 0.0 indicating unless we do not have required data, the returns on DOW and New Horizon are completely uncorrelated. Furthermore, New Horizon Group LtdIt does not look like New Horizon alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of New Horizon is 345.97. The daily returns are destributed with a variance of 19.43 and standard deviation of 4.41. The mean deviation of New Horizon Group Ltd is currently at 2.26. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=4.41
Ir
Information ratio =0.00

New Horizon Return Volatility

New Horizon Group Ltd accepts 4.4078% volatility on return distribution over the 30 days horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Portfolio Volatility

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Investment Outlook

New Horizon Investment Opportunity

New Horizon Group Ltd has a volatility of 4.41 and is 4.16 times more volatile than DOW. 39% 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 39 (%) of all global equities and portfolios over the last 30 days.

New Horizon Volatility Indicators

New Horizon Group Ltd Current Risk Indicators

Please see also Stocks Correlation. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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