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
Chance of Distress in 24 months
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 TrendCheck current 30 days NICE Ltd correlation with market (DOW)|
β = 0.1433
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 0.1433 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
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
|Alpha over DOW||=||0.41|
|Beta against DOW||=||0.14|
NICE Ltd Return Volatilitythe 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.
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
NICE Ltd Current Risk Indicators
|Risk Adjusted Performance||0.1814|
|Market Risk Adjusted Performance||3.02|
|Coefficient Of Variation||364.13|
NICE Ltd Suggested Diversification Pairs