Macroaxis considers Paz Oil to be unknown risk. Paz Oil maintains Sharpe Ratio (i.e. Efficiency) of -0.08 which implies the corporation had -0.08% 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. Paz Oil exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Paz Oil Coefficient Of Variation of
(3,416) and Risk Adjusted Performance of (0.012326) to confirm risk estimate we provide.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
|Horizon||30 Days Login to change|
Paz Oil Market Sensitivity
|As returns on market increase, returns on owning Paz Oil are expected to decrease at a much smaller rate. During bear market, Paz Oil is likely to outperform the market. 2 Months Beta |Analyze Paz Oil Demand TrendCheck current 30 days Paz Oil correlation with market (DOW)|
β = -0.339
Paz Oil Central Daily Price Deviation
Paz Oil Technical Analysis
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Paz Oil Projected Return Density Against MarketAssuming 30 trading days horizon, Paz Oil Company Ltd has beta of -0.339 . This implies as returns on benchmark increase, returns on holding Paz Oil are expected to decrease at a much smaller rate. During bear market, however, Paz Oil Company Ltd is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Paz Oil is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Paz Oil is -1250.7. The daily returns are destributed with a variance of 3.82 and standard deviation of 1.95. The mean deviation of Paz Oil Company Ltd is currently at 1.07. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
|Alpha over DOW||=||0.02|
|Beta against DOW||=||0.34|
Paz Oil Return Volatilitythe company accepts 1.955% volatility on return distribution over the 30 days horizon. the entity inherits 0.5832% risk (volatility on return distribution) over the 30 days horizon.
Paz Oil Investment Opportunity
Paz Oil Company Ltd has a volatility of 1.96 and is 3.38 times more volatile than DOW. 17% of all equities and portfolios are less risky than Paz Oil. Compared to the overall equity markets, volatility of historical daily returns of Paz Oil Company Ltd is lower than 17 (%) of all global equities and portfolios over the last 30 days. Use Paz Oil Company Ltd to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Paz Oil to be traded at S52518.2 in 30 days. . As returns on market increase, returns on owning Paz Oil are expected to decrease at a much smaller rate. During bear market, Paz Oil is likely to outperform the market.
Paz Oil correlation with market
Paz Oil Current Risk Indicators
|Risk Adjusted Performance||(0.012326)|
|Market Risk Adjusted Performance||0.1885|
|Coefficient Of Variation||(3,416)|
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