Paz Oil (Israel) Risk Analysis And Volatility Evaluation

PZOL -- Israel Stock  

ILS 56,230  690.00  1.21%

We consider Paz Oil not too risky. Paz Oil maintains Sharpe Ratio (i.e. Efficiency) of 0.0738 which implies Paz Oil had 0.0738% 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. We have found twenty-one technical indicators for Paz Oil which you can use to evaluate future volatility of the company. Please check Paz Oil Coefficient Of Variation of 6281.34, Semi Deviation of 1.3 and Risk Adjusted Performance of 0.0204 to confirm if risk estimate we provide are consistent with the epected return of 0.0918%.
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 Trend
Check current 30 days Paz Oil correlation with market (DOW)
β = -0.2091

Paz Oil Central Daily Price Deviation

Paz Oil Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Paz Oil Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Paz Oil Projected Return Density Against Market

Assuming 30 trading days horizon, Paz Oil Company Ltd has beta of -0.2091 . 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, Paz Oil Company 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Paz Oil is 1355.26. The daily returns are destributed with a variance of 1.55 and standard deviation of 1.24. The mean deviation of Paz Oil Company Ltd is currently at 0.95. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.03
β
Beta against DOW=0.21
σ
Overall volatility
=1.24
Ir
Information ratio =0.15

Paz Oil Return Volatility

Paz Oil Company Ltd accepts 1.2436% volatility on return distribution over the 30 days horizon. DOW inherits 1.3105% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Paz Oil Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

Close to average

60 Days Economic Sensitivity

Almost neglects market trends

Investment Outlook

Paz Oil Investment Opportunity

DOW has a standard deviation of returns of 1.31 and is 1.06 times more volatile than Paz Oil Company Ltd. 11% 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 11 (%) of all global equities and portfolios over the last 30 days. Use Paz Oil Company Ltd to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Paz Oil to be traded at S54543.1 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

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Paz Oil Company Ltd and equity matching DJI index in the same portfolio.

Paz Oil Volatility Indicators

Paz Oil Company Ltd Current Risk Indicators

Additionally take a look at Your Equity Center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
Search macroaxis.com