Opko Health (Israel) Risk Analysis And Volatility

OPK -- Israel Stock  

ILS 891.70  9.30  1.03%

Macroaxis considers Opko Health to be not too risky. Opko Health maintains Sharpe Ratio (i.e. Efficiency) of -0.2668 which implies the corporation had -0.2668% of return per unit of risk over the last 2 months. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Opko Health exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Opko Health Risk Adjusted Performance of (0.042937) and Coefficient Of Variation of (1,298) to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

Opko Health Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Opko Health will likely underperform.
2 Months Beta |Analyze Opko Health Demand Trend
Check current 30 days Opko Health correlation with market (DOW)
β = 2.3131

Opko Health Central Daily Price Deviation

Opko Health Technical Analysis

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

Opko Health Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 2.3131 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Opko Health will likely underperform. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Opko Health is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Opko Health is -374.79. The daily returns are destributed with a variance of 35.89 and standard deviation of 5.99. The mean deviation of Opko Health is currently at 3.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.67
α
Alpha over DOW
=0.89
β
Beta against DOW=2.31
σ
Overall volatility
=5.99
Ir
Information ratio =0.1

Opko Health Return Volatility

the company assumes 5.9911% volatility of returns over the 30 days investment horizon. the entity inherits 0.6323% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Opko Health Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Hyperactively responds to market trends

Investment Outlook

Opko Health Investment Opportunity

Opko Health has a volatility of 5.99 and is 9.51 times more volatile than DOW. 53% of all equities and portfolios are less risky than Opko Health. Compared to the overall equity markets, volatility of historical daily returns of Opko Health is higher than 53 (%) of all global equities and portfolios over the last 30 days. Use Opko Health to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Opko Health to be traded at S864.95 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Opko Health will likely underperform.

Opko Health correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Opko Health Inc and equity matching DJI index in the same portfolio.

Opko Health Volatility Indicators

Opko Health Current Risk Indicators

Additionally take a look at Your Equity Center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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