Macroaxis considers Pointer Telocation to be unknown risk. Pointer Telocation maintains Sharpe Ratio (i.e. Efficiency) of -0.0136 which implies Pointer Telocation had -0.0136% 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. Pointer Telocation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Pointer Telocation Coefficient Of Variation of
(584.56) and Risk Adjusted Performance of (0.23) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Pointer Telocation Market Sensitivity
|As returns on market increase, returns on owning Pointer Telocation are expected to decrease at a much smaller rate. During bear market, Pointer Telocation is likely to outperform the market.2 Months Beta |Analyze Pointer Telocation Demand TrendCheck current 30 days Pointer Telocation correlation with market (DOW)|
β = -0.0033
Pointer Telocation Central Daily Price Deviation
Pointer Telocation Technical Analysis
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Pointer Telocation Projected Return Density Against MarketAssuming 30 trading days horizon, Pointer Telocation Ltd has beta of -0.0033 . This implies as returns on benchmark increase, returns on holding Pointer Telocation are expected to decrease at a much smaller rate. During bear market, however, Pointer Telocation Ltd is likely to outperform the market. Additionally, Pointer Telocation 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
Assuming 30 trading days horizon, the coefficient of variation of Pointer Telocation is -7377.11. The daily returns are destributed with a variance of 4.07 and standard deviation of 2.02. The mean deviation of Pointer Telocation Ltd is currently at 1.35. For similar time horizon, the selected benchmark (DOW) has volatility of 1.32
|Alpha over DOW||=||0.19|
|Beta against DOW||=||0.0033|
Pointer Telocation Return VolatilityPointer Telocation Ltd accepts 2.0176% volatility on return distribution over the 30 days horizon. DOW inherits 1.3471% risk (volatility on return distribution) over the 30 days horizon.
Pointer Telocation Ltd has a volatility of 2.02 and is 1.5 times more volatile than DOW. 18% of all equities and portfolios are less risky than Pointer Telocation. Compared to the overall equity markets, volatility of historical daily returns of Pointer Telocation Ltd is lower than 18 (%) of all global equities and portfolios over the last 30 days.