We consider Palram Industries unknown risk. Palram Industries maintains Sharpe Ratio (i.e. Efficiency) of 0.0463 which implies the corporation had 0.0463% of return per unit of risk over the last 2 months. Our philosophy towards forecasting 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 Palram Industries which you can use to evaluate future volatility of the company. Please check Palram Industries Coefficient Of Variation of 1336.62, Semi Deviation of 1.5 and Risk Adjusted Performance of 0.0546 to confirm if risk estimate we provide are consistent with the epected return of 0.1182%.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
|Horizon||30 Days Login to change|
Palram Industries Market Sensitivity
|As returns on market increase, returns on owning Palram Industries are expected to decrease at a much smaller rate. During bear market, Palram Industries is likely to outperform the market. 2 Months Beta |Analyze Palram Industries Demand TrendCheck current 30 days Palram Industries correlation with market (DOW)|
β = -0.176
Palram Industries Central Daily Price Deviation
Palram Industries Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Palram Industries Projected Return Density Against MarketAssuming 30 trading days horizon, Palram Industries Ltd has beta of -0.176 . This implies as returns on benchmark increase, returns on holding Palram Industries are expected to decrease at a much smaller rate. During bear market, however, Palram Industries Ltd is likely to outperform the market. Moreover, The company has an alpha of 0.162 implying that it can potentially generate 0.162% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Palram Industries is 2161.21. The daily returns are destributed with a variance of 6.53 and standard deviation of 2.55. The mean deviation of Palram Industries Ltd is currently at 1.66. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
|Alpha over DOW||=||0.16|
|Beta against DOW||=||0.18|
Palram Industries Return Volatilitythe company accepts 2.5549% volatility on return distribution over the 30 days horizon. the entity inherits 0.5829% risk (volatility on return distribution) over the 30 days horizon.
Palram Industries Investment Opportunity
Palram Industries Ltd has a volatility of 2.55 and is 4.4 times more volatile than DOW. 22% of all equities and portfolios are less risky than Palram Industries. Compared to the overall equity markets, volatility of historical daily returns of Palram Industries Ltd is lower than 22 (%) of all global equities and portfolios over the last 30 days. Use Palram Industries Ltd to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Palram Industries to be traded at S2070.2 in 30 days. . As returns on market increase, returns on owning Palram Industries are expected to decrease at a much smaller rate. During bear market, Palram Industries is likely to outperform the market.
Palram Industries correlation with market
Palram Industries Current Risk Indicators
|Risk Adjusted Performance||0.0546|
|Market Risk Adjusted Performance||(0.80)|
|Coefficient Of Variation||1336.62|
Palram Industries Suggested Diversification Pairs