Oil Refineries (Israel) Risk Analysis And Volatility

ORL -- Israel Stock  

ILS 177.00  1.50  0.84%

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

Very steady

Chance of Distress in 24 months

Below average

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 Trend
Check current 30 days Oil Refineries correlation with market (DOW)
β = -0.372

Oil Refineries Central Daily Price Deviation

Oil Refineries Technical Analysis

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

Oil Refineries Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.17
β
Beta against DOW=0.37
σ
Overall volatility
=1.36
Ir
Information ratio =0.13

Oil Refineries Return Volatility

the 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.
 Performance (%) 
      Timeline 

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

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

Oil Refineries Current Risk Indicators

Oil Refineries Suggested Diversification Pairs

Additionally take a look at Your Equity Center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
Search macroaxis.com