SCOPE METALS (Israel) Risk Analysis And Volatility

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SCOP -- Israel Stock  

ILA 7,908  42.00  0.53%

Macroaxis considers SCOPE METALS to be very steady. SCOPE METALS GROUP owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1449 which indicates the company had -0.1449% of return per unit of standard deviation over the last 3 months. Macroaxis approach into measuring 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. SCOPE METALS GROUP exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SCOPE METALS Downside Deviation of 1.44, Risk Adjusted Performance of 0.0504 and Market Risk Adjusted Performance of (0.40) to confirm risk estimate we provide.

90 Days Market Risk

Very steady

Chance of Distress

Close to Average

90 Days Economic Sensitivity

Almost neglects market trends
Horizon     30 Days    Login   to change

SCOPE METALS Market Sensitivity

As returns on market increase, returns on owning SCOPE METALS are expected to decrease at a much smaller rate. During bear market, SCOPE METALS is likely to outperform the market.
3 Months Beta |Analyze SCOPE METALS GROUP Demand Trend
Check current 30 days SCOPE METALS correlation with market (DOW)
β = -0.2659

SCOPE METALS Central Daily Price Deviation

SCOPE METALS GROUP Technical Analysis

Transformation
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SCOPE METALS Projected Return Density Against Market

Assuming 30 trading days horizon, SCOPE METALS GROUP has beta of -0.2659 . This entails as returns on benchmark increase, returns on holding SCOPE METALS are expected to decrease at a much smaller rate. During bear market, however, SCOPE METALS GROUP is likely to outperform the market. Moreover, The company has an alpha of 0.1261 implying that it can potentially generate 0.1261% 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 SCOPE METALS is -689.98. The daily returns are destributed with a variance of 1.43 and standard deviation of 1.19. The mean deviation of SCOPE METALS GROUP is currently at 0.83. For similar time horizon, the selected benchmark (DOW) has volatility of 0.62
α
Alpha over DOW
=0.13
β
Beta against DOW=0.27
σ
Overall volatility
=1.20
Ir
Information ratio =0.0291

SCOPE METALS Return Volatility

the company accepts 1.195% volatility on return distribution over the 30 days horizon. the entity inherits 0.5306% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

SCOPE METALS Investment Opportunity

SCOPE METALS GROUP has a volatility of 1.2 and is 2.26 times more volatile than DOW. 10  of all equities and portfolios are less risky than SCOPE METALS. Compared to the overall equity markets, volatility of historical daily returns of SCOPE METALS GROUP is lower than 10 () of all global equities and portfolios over the last 30 days. Use SCOPE METALS GROUP to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of SCOPE METALS to be traded at 7749.84 in 30 days. . As returns on market increase, returns on owning SCOPE METALS are expected to decrease at a much smaller rate. During bear market, SCOPE METALS is likely to outperform the market.

SCOPE METALS correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SCOPE METALS GROUP and equity matching DJI index in the same portfolio.

SCOPE METALS Current Risk Indicators

SCOPE METALS Suggested Diversification Pairs

Additionally take a look at World Market Map. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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