NICE Ltd (Israel) Risk Analysis And Volatility

NICE -- Israel Stock  

null 52,000  360.00  0.70%

We consider NICE Ltd very steady. NICE Ltd retains Efficiency (Sharpe Ratio) of 0.0198 which conveys that the firm had 0.0198% 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-eight technical indicators for NICE Ltd which you can use to evaluate future volatility of the firm. Please verify NICE Ltd Semi Deviation of 0.9678, Market Risk Adjusted Performance of 0.8496 and Mean Deviation of 1.21 to check out if risk estimate we provide are consistent with the epected return of 0.0264%.

60 Days Market Risk

Very steady

Chance of Distress in 24 months

Very Small

60 Days Economic Sensitivity

Slowly supersedes market
Horizon     30 Days    Login   to change

NICE Ltd Market Sensitivity

As returns on market increase, NICE Ltd returns are expected to increase less than the market. However during bear market, the loss on holding NICE Ltd will be expected to be smaller as well.
2 Months Beta |Analyze NICE Ltd Demand Trend
Check current 30 days NICE Ltd correlation with market (DOW)
β = 0.3492

NICE Ltd Central Daily Price Deviation

NICE Ltd Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Developed by Larry Williams, the Weighted Close is the average of NICE Ltd high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only NICE Ltd closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

NICE Ltd Projected Return Density Against Market

Assuming 30 trading days horizon, NICE Ltd has beta of 0.3492 indicating as returns on market go up, NICE Ltd average returns are expected to increase less than the benchmark. However during bear market, the loss on holding NICE Ltd will be expected to be much smaller as well. Moreover, The company has an alpha of 0.2454 implying that it can potentially generate 0.2454% 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 5038.47. The daily returns are destributed with a variance of 1.77 and standard deviation of 1.33. The mean deviation of NICE Ltd is currently at 0.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.65
α
Alpha over DOW
=0.25
β
Beta against DOW=0.35
σ
Overall volatility
=1.33
Ir
Information ratio =0.09

NICE Ltd Return Volatility

the company accepts 1.3307% volatility on return distribution over the 30 days horizon. the entity inherits 0.6602% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

NICE Ltd Investment Opportunity

NICE Ltd has a volatility of 1.33 and is 2.02 times more volatile than DOW. 11% 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 11 (%) of all global equities and portfolios over the last 30 days. Use NICE Ltd to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of NICE Ltd to be traded at 57200.0 in 30 days. . As returns on market increase, NICE Ltd returns are expected to increase less than the market. However during bear market, the loss on holding NICE Ltd will be expected to be smaller as well.

NICE Ltd correlation with market

correlation synergy
Average 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

Please see also Stocks Correlation. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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