Macroaxis considers Pointer Telocation unknown risk given 2 months investment horizon. Pointer Telocation maintains Sharpe Ratio (i.e. Efficiency) of 0.2606 which implies the corporation had 0.2606% 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. By analyzing Pointer Telocation technical indicators you can presently evaluate if the expected return of 0.7545% is justified by implied risk. Please employ Pointer Telocation Semi Deviation of 1.53, Risk Adjusted Performance of 0.1385 and Coefficient Of Variation of 500.66 to confirm if our risk estimates are consistent with your expectations.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
|Horizon||30 Days Login to change|
Pointer Telocation Market Sensitivity
|As returns on market increase, returns on owning Pointer Telocation are expected to decrease by larger amounts. On the other hand, during market turmoil, Pointer Telocation is expected to significantly outperform it. 2 Months Beta |Analyze Pointer Telocation Demand TrendCheck current 30 days Pointer Telocation correlation with market (DOW)|
β = -1.4646
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 -1.4646 . This implies as returns on its benchmark rise, returns on holding Pointer Telocation Ltd are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Pointer Telocation is expected to outperform its benchmark. Moreover, The company has an alpha of 0.6866 implying that it can potentially generate 0.6866% 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 Pointer Telocation is 383.68. The daily returns are destributed with a variance of 8.38 and standard deviation of 2.89. The mean deviation of Pointer Telocation Ltd is currently at 1.97. For similar time horizon, the selected benchmark (DOW) has volatility of 0.65
|Alpha over DOW||=||0.69|
|Beta against DOW||=||1.46|
Pointer Telocation Return Volatilitythe company accepts 2.895% volatility on return distribution over the 30 days horizon. the entity inherits 0.5908% risk (volatility on return distribution) over the 30 days horizon.
Pointer Telocation Investment Opportunity
Pointer Telocation Ltd has a volatility of 2.9 and is 4.92 times more volatile than DOW. 25% 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 25 (%) of all global equities and portfolios over the last 30 days. Use Pointer Telocation Ltd to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Pointer Telocation to be traded at S5553.9 in 30 days. . As returns on market increase, returns on owning Pointer Telocation are expected to decrease by larger amounts. On the other hand, during market turmoil, Pointer Telocation is expected to significantly outperform it.
Pointer Telocation correlation with market
Pointer Telocation Current Risk Indicators
|Risk Adjusted Performance||0.1385|
|Market Risk Adjusted Performance||(0.38)|
|Coefficient Of Variation||500.66|
Pointer Telocation Suggested Diversification Pairs