Palram Industries (Israel) Risk Analysis And Volatility Evaluation

PLRM -- Israel Stock  

ILS 1,969  51.00  2.52%

Macroaxis considers Palram Industries to be not too risky. Palram Industries maintains Sharpe Ratio (i.e. Efficiency) of -0.3008 which implies Palram Industries had -0.3008% 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. Palram Industries exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Palram Industries Coefficient Of Variation of (1,333) and Risk Adjusted Performance of (0.09) to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

Palram Industries Market Sensitivity

As returns on market increase, Palram Industries returns are expected to increase less than the market. However during bear market, the loss on holding Palram Industries will be expected to be smaller as well.
2 Months Beta |Analyze Palram Industries Demand Trend
Check current 30 days Palram Industries correlation with market (DOW)
β = 0.2673

Palram Industries Central Daily Price Deviation

Palram Industries Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Palram Industries 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 avgprice price transform indicator.

Palram Industries Projected Return Density Against Market

Assuming 30 trading days horizon, Palram Industries has beta of 0.2673 . This implies as returns on market go up, Palram Industries average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Palram Industries Ltd will be expected to be much smaller as well. Additionally, Palram Industries Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Palram Industries is -332.46. The daily returns are destributed with a variance of 8.64 and standard deviation of 2.94. The mean deviation of Palram Industries Ltd is currently at 1.65. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
α
Alpha over DOW
=0.14
β
Beta against DOW=0.27
σ
Overall volatility
=2.94
Ir
Information ratio =0.03

Palram Industries Return Volatility

Palram Industries Ltd accepts 2.94% volatility on return distribution over the 30 days horizon. DOW inherits 1.2918% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Palram Industries Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

60 Days Economic Sensitivity

Slowly supersedes market

Investment Outlook

Palram Industries Investment Opportunity

Palram Industries Ltd has a volatility of 2.94 and is 2.28 times more volatile than DOW. 26% 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 26 (%) of all global equities and portfolios over the last 30 days. Use Palram Industries Ltd to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Palram Industries to be traded at S1890.24 in 30 days. As returns on market increase, Palram Industries returns are expected to increase less than the market. However during bear market, the loss on holding Palram Industries will be expected to be smaller as well.

Palram Industries correlation with market

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

Palram Industries Volatility Indicators

Palram Industries Ltd Current Risk Indicators

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