Palram Industries (Israel) Risk Analysis And Volatility

PLRM -- Israel Stock  

ILS 1,882  22.00  1.18%

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

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant
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 Trend
Check current 30 days Palram Industries correlation with market (DOW)
β = -0.176

Palram Industries Central Daily Price Deviation

Palram Industries Technical Analysis

Transformation
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Palram Industries Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.16
β
Beta against DOW=0.18
σ
Overall volatility
=2.55
Ir
Information ratio =0.0136

Palram Industries Return Volatility

the 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.
 Performance (%) 
      Timeline 

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

correlation synergy
Good 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 Current Risk Indicators

Palram Industries Suggested Diversification Pairs

Additionally take a look at Your Equity Center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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