|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.One Month Beta |Analyze NICE Ltd Demand TrendCheck current 30 days NICE Ltd correlation with market (DOW)|
β = -0.077
NICE Ltd Technical Analysis
NICE Ltd Projected Return Density Against MarketAssuming 30 trading days horizon, NICE Ltd has beta of -0.077 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
NICE Ltd Return VolatilityNICE Ltd accepts 1.3458% volatility on return distribution over the 30 days horizon. DOW inherits 1.088% risk (volatility on return distribution) over the 30 days horizon.