NICE Ltd (Israel) Risk Analysis And Volatility Evaluation

NICE -- Israel Stock  

ILS 42,660  60.00  0.14%

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 Trend
Check current 30 days NICE Ltd correlation with market (DOW)
β = -0.0476

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 avgprice price transform indicator.

NICE Ltd Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.02
β
Beta against DOW=0.05
σ
Overall volatility
=1.64
Ir
Information ratio =0.06

NICE Ltd Return Volatility

NICE 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

NICE Ltd Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

60 Days Economic Sensitivity

Moves indifferently to market move

Investment Outlook

NICE Ltd Investment Opportunity

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

correlation synergy
Good 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 Volatility Indicators

NICE Ltd Current Risk Indicators

Please see also Stocks Correlation. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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