|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.One Month Beta |Analyze Pointer Telocation Demand TrendCheck current 30 days Pointer Telocation correlation with market (DOW)|
β = -0.5162
Pointer Telocation Technical Analysis
Pointer Telocation Projected Return Density Against MarketAssuming 30 trading days horizon, Pointer Telocation Ltd has beta of -0.5162 . 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
Pointer Telocation Return VolatilityPointer Telocation Ltd accepts 0.8892% volatility on return distribution over the 30 days horizon. DOW inherits 1.0565% risk (volatility on return distribution) over the 30 days horizon.