Nextcom Ltd (Israel) Risk Analysis And Volatility

NXTM -- Israel Stock  

ILS 623.20  11.10  0.02%

Macroaxis considers Nextcom Ltd not too risky given 2 months investment horizon. Nextcom Ltd has Sharpe Ratio of 0.102 which conveys that the firm had 0.102% 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 Nextcom Ltd which you can use to evaluate future volatility of the firm. Please exercise Nextcom Ltd Risk Adjusted Performance of 0.099, Mean Deviation of 2.2 and Downside Deviation of 3.5 to check out if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

Nextcom Ltd Market Sensitivity

As returns on market increase, Nextcom Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Nextcom Ltd will be expected to be smaller as well.
2 Months Beta |Analyze Nextcom Ltd Demand Trend
Check current 30 days Nextcom Ltd correlation with market (DOW)
β = 0.1643

Nextcom Ltd Central Daily Price Deviation

Nextcom Ltd Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Nextcom 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.

Nextcom Ltd Projected Return Density Against Market

Assuming 30 trading days horizon, Nextcom Ltd has beta of 0.1643 indicating as returns on market go up, Nextcom Ltd average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Nextcom Ltd will be expected to be much smaller as well. Moreover, The company has an alpha of 0.1477 implying that it can potentially generate 0.1477% 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 Nextcom Ltd is 980.41. The daily returns are destributed with a variance of 10.75 and standard deviation of 3.28. The mean deviation of Nextcom Ltd is currently at 2.34. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
α
Alpha over DOW
=0.15
β
Beta against DOW=0.16
σ
Overall volatility
=3.28
Ir
Information ratio =0.06

Nextcom Ltd Return Volatility

the company accepts 3.2793% volatility on return distribution over the 30 days horizon. the entity inherits 1.9746% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Nextcom Ltd Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Barely shadows market

Investment Outlook

Nextcom Ltd Investment Opportunity

Nextcom Ltd has a volatility of 3.28 and is 1.66 times more volatile than DOW. 29% of all equities and portfolios are less risky than Nextcom Ltd. Compared to the overall equity markets, volatility of historical daily returns of Nextcom Ltd is lower than 29 (%) of all global equities and portfolios over the last 30 days. Use Nextcom Ltd to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Nextcom Ltd to be traded at S654.36 in 30 days. . As returns on market increase, Nextcom Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Nextcom Ltd will be expected to be smaller as well.

Nextcom Ltd correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Nextcom Ltd and equity matching DJI index in the same portfolio.

Nextcom Ltd Volatility Indicators

Nextcom Ltd Current Risk Indicators

Please see also Stocks Correlation. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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