NICE Ltd (Israel) Risk Analysis And Volatility

NICE -- Israel Stock  

ILS 47,210  980.00  2.12%

Macroaxis considers NICE Ltd very steady given 2 months investment horizon. NICE Ltd retains Efficiency (Sharpe Ratio) of 0.2886 which conveys that the firm had 0.2886% 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. By examining NICE Ltd technical indicators you can today evaluate if the expected return of 0.5061% is justified by implied risk. Please exercise NICE Ltd Mean Deviation of 1.24, Semi Deviation of 1.02 and Market Risk Adjusted Performance of 3.02 to check out if our risk estimates are consistent with your expectations.

60 Days Market Risk

Very steady

Chance of Distress in 24 months

Very Small

60 Days Economic Sensitivity

Barely shadows 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 = 0.1433

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. NICE Ltd Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

NICE Ltd Projected Return Density Against Market

Assuming 30 trading days horizon, NICE Ltd has beta of 0.1433 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 0.4143 implying that it can potentially generate 0.4143% 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 346.48. The daily returns are destributed with a variance of 3.08 and standard deviation of 1.75. The mean deviation of NICE Ltd is currently at 1.43. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
α
Alpha over DOW
=0.41
β
Beta against DOW=0.14
σ
Overall volatility
=1.75
Ir
Information ratio =0.20

NICE Ltd Return Volatility

the company accepts 1.7537% volatility on return distribution over the 30 days horizon. the entity inherits 0.5731% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

NICE Ltd Investment Opportunity

NICE Ltd has a volatility of 1.75 and is 3.07 times more volatile than DOW. 15% 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 15 (%) of all global equities and portfolios over the last 30 days. Use NICE Ltd to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of NICE Ltd to be traded at S56652.0 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
Significant 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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