Rimoni Industries (Israel) Risk Analysis And Volatility Evaluation

RIMO -- Israel Stock  

ILS 6,485  15.00  0.23%

Macroaxis considers Rimoni Industries not too risky given 2 months investment horizon. Rimoni Industries maintains Sharpe Ratio (i.e. Efficiency) of 0.2218 which implies Rimoni Industries had 0.2218% 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 Rimoni Industries which you can use to evaluate future volatility of the company. Please employ Rimoni Industries Coefficient Of Variation of 985.03, Semi Deviation of 1.08 and Risk Adjusted Performance of 0.14 to confirm if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

Rimoni Industries Market Sensitivity

As returns on market increase, Rimoni Industries returns are expected to increase less than the market. However during bear market, the loss on holding Rimoni Industries will be expected to be smaller as well.
2 Months Beta |Analyze Rimoni Industries Demand Trend
Check current 30 days Rimoni Industries correlation with market (DOW)
β = 0.1913

Rimoni Industries Central Daily Price Deviation

Rimoni Industries Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Rimoni Industries 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.

Rimoni Industries Projected Return Density Against Market

Assuming 30 trading days horizon, Rimoni Industries has beta of 0.1913 . This implies as returns on market go up, Rimoni Industries average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Rimoni Industries Ltd will be expected to be much smaller as well. Moreover, Rimoni Industries Ltd has an alpha of 0.1578 implying that it can potentially generate 0.1578% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Rimoni Industries is 450.81. The daily returns are destributed with a variance of 1.3 and standard deviation of 1.14. The mean deviation of Rimoni Industries Ltd is currently at 0.82. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.16
β
Beta against DOW=0.19
σ
Overall volatility
=1.14
Ir
Information ratio =0.22

Rimoni Industries Return Volatility

Rimoni Industries Ltd accepts 1.142% volatility on return distribution over the 30 days horizon. DOW inherits 1.2918% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Rimoni Industries Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

60 Days Economic Sensitivity

Barely shadows market

Investment Outlook

Rimoni Industries Investment Opportunity

DOW has a standard deviation of returns of 1.29 and is 1.13 times more volatile than Rimoni Industries Ltd. 10% of all equities and portfolios are less risky than Rimoni Industries. Compared to the overall equity markets, volatility of historical daily returns of Rimoni Industries Ltd is lower than 10 (%) of all global equities and portfolios over the last 30 days. Use Rimoni Industries Ltd to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Rimoni Industries to be traded at S6420.15 in 30 days. As returns on market increase, Rimoni Industries returns are expected to increase less than the market. However during bear market, the loss on holding Rimoni Industries will be expected to be smaller as well.

Rimoni Industries correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Rimoni Industries Ltd and equity matching DJI index in the same portfolio.

Rimoni Industries Volatility Indicators

Rimoni Industries Ltd Current Risk Indicators

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