Macroaxis considers NICE Ltd not too risky given 2 months investment horizon. NICE Ltd retains Efficiency (Sharpe Ratio) of 0.1995 which conveys that NICE Ltd had 0.1995% 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 NICE Ltd which you can use to evaluate future volatility of the firm. Please exercise NICE Ltd Semi Deviation of 1.76, Market Risk Adjusted Performance of 0.2188 and Mean Deviation of 1.34 to check out if our risk estimates are consistent with your expectations.
|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.2 Months Beta |Analyze NICE Ltd Demand TrendCheck current 30 days NICE Ltd correlation with market (DOW)|
β = -0.0476
NICE Ltd Central Daily Price Deviation
NICE Ltd Technical Analysis
NICE Ltd Projected Return Density Against MarketAssuming 30 trading days horizon, NICE Ltd has beta of -0.0476 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. Additionally, NICE Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of NICE Ltd is 501.2. The daily returns are destributed with a variance of 2.7 and standard deviation of 1.64. The mean deviation of NICE Ltd is currently at 1.34. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.02|
|Beta against DOW||=||0.05|
NICE Ltd Return VolatilityNICE Ltd accepts 1.6437% volatility on return distribution over the 30 days horizon. DOW inherits 1.2918% risk (volatility on return distribution) over the 30 days horizon.
NICE Ltd has a volatility of 1.64 and is 1.27 times more volatile than DOW. 14% 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 14 (%) of all global equities and portfolios over the last 30 days. Use NICE Ltd to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of NICE Ltd to be traded at S42233.4 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