New Horizon (Israel) Risk Analysis And Volatility

NERZ -- Israel Stock  

ILS 585.00  23.10  4.11%

We consider New Horizon unknown risk. New Horizon Group has Sharpe Ratio of 0.021 which conveys that the firm had 0.021% of return per unit of risk over the last 2 months. 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 2.48, Downside Deviation of 5.43 and Risk Adjusted Performance of 0.0858 to check out if risk estimate we provide are consistent with the epected return of 0.1778%.

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant
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 = -0.7353

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 -0.7353 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, The company has an alpha of 0.6189 implying that it can potentially generate 0.6189% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of New Horizon is 4769.61. The daily returns are destributed with a variance of 71.92 and standard deviation of 8.48. The mean deviation of New Horizon Group Ltd is currently at 6.55. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
α
Alpha over DOW
=0.62
β
Beta against DOW=0.74
σ
Overall volatility
=8.48
Ir
Information ratio =0.09

New Horizon Return Volatility

the company accepts 8.4807% volatility on return distribution over the 30 days horizon. the entity inherits 0.5857% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

New Horizon Investment Opportunity

New Horizon Group Ltd has a volatility of 8.48 and is 14.37 times more volatile than DOW. 75% 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 higher than 75 (%) 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 very speculative upward sentiment. . Check odds of New Horizon to be traded at S731.25 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
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 Current Risk Indicators

New Horizon Suggested Diversification Pairs

Please see also Stocks Correlation. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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