Palram Industries (Israel) Risk Analysis And Volatility Evaluation

PLRM -- Israel Stock  

ILS 2,270  23.00  1.00%

Macroaxis considers Palram Industries to be unknown risk. Palram Industries maintains Sharpe Ratio (i.e. Efficiency) of -0.0718 which implies Palram Industries had -0.0718% of return per unit of risk over the last 1 month. 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 1007.48, Semi Deviation of 0.8394 and Risk Adjusted Performance of 0.1041 to confirm risk estimate we provide.
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.
One Month Beta |Analyze Palram Industries Demand Trend
Check current 30 days Palram Industries correlation with market (DOW)
β = -0.1198
Palram Industries Almost negative betaPalram Industries Beta Legend

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 -0.1198 . 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, Palram Industries Ltd has an alpha of 0.1078 implying that it can potentially generate 0.1078% 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 -1392.69. The daily returns are destributed with a variance of 1.4 and standard deviation of 1.18. The mean deviation of Palram Industries Ltd is currently at 0.78. For similar time horizon, the selected benchmark (DOW) has volatility of 1.02
α
Alpha over DOW
=0.11
β
Beta against DOW=0.12
σ
Overall volatility
=1.18
Ir
Information ratio =0.20

Palram Industries Return Volatility

Palram Industries Ltd accepts 1.1811% volatility on return distribution over the 30 days horizon. DOW inherits 1.023% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Palram Industries Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Palram Industries Investment Opportunity

Palram Industries Ltd has a volatility of 1.18 and is 1.16 times more volatile than DOW. 10% 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 10 (%) of all global equities and portfolios over the last 30 days. Use Palram Industries Ltd to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Palram Industries to be traded at S2201.9 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

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 Volatility Indicators

Palram Industries Ltd Current Risk Indicators

Additionally take a look at Your Equity Center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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