Paz Oil (Israel) Risk Analysis And Volatility

PZOL -- Israel Stock  

ILS 53,590  430.00  0.80%

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

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant
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 = -0.339

Paz Oil Central Daily Price Deviation

Paz Oil Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Paz Oil Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.02
β
Beta against DOW=0.34
σ
Overall volatility
=1.96
Ir
Information ratio =0.11

Paz Oil Return Volatility

the 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.
 Performance (%) 
      Timeline 

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

correlation synergy
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 Current Risk Indicators

Paz Oil Suggested Diversification Pairs

Additionally take a look at Your Equity Center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
Search macroaxis.com