Macroaxis considers Oil Refineries to be very steady. Oil Refineries maintains Sharpe Ratio (i.e. Efficiency) of -0.0361 which implies the corporation had -0.0361% 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. Oil Refineries exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Oil Refineries Risk Adjusted Performance of
(0.08) and Coefficient Of Variation of (839.94) to confirm risk estimate we provide.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
Almost neglects market trends
|Horizon||30 Days Login to change|
Oil Refineries Market Sensitivity
|As returns on market increase, returns on owning Oil Refineries are expected to decrease at a much smaller rate. During bear market, Oil Refineries is likely to outperform the market. 2 Months Beta |Analyze Oil Refineries Demand TrendCheck current 30 days Oil Refineries correlation with market (DOW)|
β = -0.372
Oil Refineries Central Daily Price Deviation
Oil Refineries Technical Analysis
Oil Refineries Projected Return Density Against MarketAssuming 30 trading days horizon, Oil Refineries Ltd has beta of -0.372 . This implies as returns on benchmark increase, returns on holding Oil Refineries are expected to decrease at a much smaller rate. During bear market, however, Oil Refineries Ltd is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Oil Refineries is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Oil Refineries is -2770.03. The daily returns are destributed with a variance of 1.85 and standard deviation of 1.36. The mean deviation of Oil Refineries Ltd is currently at 0.91. For similar time horizon, the selected benchmark (DOW) has volatility of 0.7
|Alpha over DOW||=||0.17|
|Beta against DOW||=||0.37|
Oil Refineries Return Volatilitythe company assumes 1.3584% volatility of returns over the 30 days investment horizon. the entity inherits 0.6518% risk (volatility on return distribution) over the 30 days horizon.
Oil Refineries Investment Opportunity
Oil Refineries Ltd has a volatility of 1.36 and is 2.09 times more volatile than DOW. 12% of all equities and portfolios are less risky than Oil Refineries. Compared to the overall equity markets, volatility of historical daily returns of Oil Refineries Ltd is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use Oil Refineries Ltd to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Oil Refineries to be traded at S173.46 in 30 days. . As returns on market increase, returns on owning Oil Refineries are expected to decrease at a much smaller rate. During bear market, Oil Refineries is likely to outperform the market.
Oil Refineries correlation with market
Oil Refineries Current Risk Indicators
|Risk Adjusted Performance||(0.08)|
|Market Risk Adjusted Performance||0.474|
|Coefficient Of Variation||(839.94)|
Oil Refineries Suggested Diversification Pairs