NICE LTD (Israel) Risk Analysis And Volatility

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NICE -- Israel Stock  

ILA 57,040  4,110  6.72%

Macroaxis considers NICE LTD very steady given 3 months investment horizon. NICE LTD retains Efficiency (Sharpe Ratio) of 0.2085 which conveys that the firm had 0.2085% of return per unit of risk over the last 3 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 NICE LTD which you can use to evaluate future volatility of the firm. Please exercise NICE LTD Semi Deviation of 1.57, Market Risk Adjusted Performance of (0.13) and Mean Deviation of 1.25 to check out if our risk estimates are consistent with your expectations.

90 Days Market Risk

Very steady

Chance of Distress

Very low

90 Days Economic Sensitivity

Moves slightly opposite to market
Horizon     30 Days    Login   to change

NICE LTD Market Sensitivity

As returns on market increase, returns on owning NICE LTD are expected to decrease at a much smaller rate. During bear market, NICE LTD is likely to outperform the market.
3 Months Beta |Analyze NICE LTD Demand Trend
Check current 30 days NICE LTD correlation with market (DOW)
β = -0.6255

NICE LTD Central Daily Price Deviation

NICE LTD Technical Analysis

Transformation
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NICE LTD Projected Return Density Against Market

Assuming 30 trading days horizon, NICE LTD has beta of -0.6255 indicating as returns on benchmark increase, returns on holding NICE LTD are expected to decrease at a much smaller rate. During bear market, however, NICE LTD is likely to outperform the market. Moreover, The company has an alpha of 0.1623 implying that it can potentially generate 0.1623% 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 NICE LTD is 479.53. The daily returns are destributed with a variance of 4.48 and standard deviation of 2.12. The mean deviation of NICE LTD is currently at 1.35. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.16
β
Beta against DOW=0.63
σ
Overall volatility
=2.12
Ir
Information ratio =0.02

NICE LTD Return Volatility

the company accepts 2.116% volatility on return distribution over the 30 days horizon. the entity inherits 0.4791% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

NICE LTD Investment Opportunity

NICE LTD has a volatility of 2.12 and is 4.42 times more volatile than DOW. 18  of all equities and portfolios are less risky than NICE LTD. Compared to the overall equity markets, volatility of historical daily returns of NICE LTD is lower than 18 () of all global equities and portfolios over the last 30 days. Use NICE LTD to protect your portfolios against small markets fluctuations. The stock experiences very speculative upward sentiment. Check odds of NICE LTD to be traded at 54188.0 in 30 days. . As returns on market increase, returns on owning NICE LTD are expected to decrease at a much smaller rate. During bear market, NICE LTD is likely to outperform the market.

NICE LTD correlation with market

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

NICE LTD Current Risk Indicators

NICE LTD Suggested Diversification Pairs

Additionally see Stocks Correlation. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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