We consider Shaniv Paper not too risky. Shaniv Paper Industry owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0279 which indicates Shaniv Paper Industry had 0.0279% of return per unit of risk over the last 2 months. Our philosophy towards measuring 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 Shaniv Paper Industry Ltd which you can use to evaluate future volatility of the company. Please validate Shaniv Paper Semi Deviation of 0.7455, Coefficient Of Variation of 1606.21 and Risk Adjusted Performance of 0.0831 to confirm if risk estimate we provide are consistent with the epected return of 0.0605%.
|Horizon||30 Days Login to change|
Shaniv Paper Market Sensitivity
|As returns on market increase, Shaniv Paper returns are expected to increase less than the market. However during bear market, the loss on holding Shaniv Paper will be expected to be smaller as well.2 Months Beta |Analyze Shaniv Paper Industry Demand TrendCheck current 30 days Shaniv Paper correlation with market (DOW)|
β = 0.2068
Shaniv Paper Central Daily Price Deviation
Shaniv Paper Industry Technical Analysis
Shaniv Paper Projected Return Density Against MarketAssuming 30 trading days horizon, Shaniv Paper has beta of 0.2068 . This entails as returns on market go up, Shaniv Paper average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Shaniv Paper Industry Ltd will be expected to be much smaller as well. Moreover, Shaniv Paper Industry Ltd has an alpha of 0.1279 implying that it can potentially generate 0.1279% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Shaniv Paper is 3582.43. The daily returns are destributed with a variance of 4.7 and standard deviation of 2.17. The mean deviation of Shaniv Paper Industry Ltd is currently at 0.96. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.13|
|Beta against DOW||=||0.21|
Shaniv Paper Return VolatilityShaniv Paper Industry Ltd accepts 2.1684% volatility on return distribution over the 30 days horizon. DOW inherits 1.3014% risk (volatility on return distribution) over the 30 days horizon.
Shaniv Paper Industry Ltd has a volatility of 2.17 and is 1.67 times more volatile than DOW. 19% of all equities and portfolios are less risky than Shaniv Paper. Compared to the overall equity markets, volatility of historical daily returns of Shaniv Paper Industry Ltd is lower than 19 (%) of all global equities and portfolios over the last 30 days. Use Shaniv Paper Industry Ltd to enhance returns of your portfolios. The stock experiences very speculative upward sentiment.. Check odds of Shaniv Paper to be traded at S390.0 in 30 days. As returns on market increase, Shaniv Paper returns are expected to increase less than the market. However during bear market, the loss on holding Shaniv Paper will be expected to be smaller as well.
Shaniv Paper correlation with market