Macroaxis considers Shagrir Group to be not too risky. Shagrir Group Vehicle owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2409 which indicates Shagrir Group Vehicle had -0.2409% of return per unit of risk over the last 2 months. Macroaxis philosophy towards 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. Shagrir Group Vehicle Services Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Shagrir Group Coefficient Of Variation of
(307.84) and Risk Adjusted Performance of (0.42) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Shagrir Group Market Sensitivity
|As returns on market increase, Shagrir Group returns are expected to increase less than the market. However during bear market, the loss on holding Shagrir Group will be expected to be smaller as well.2 Months Beta |Analyze Shagrir Group Vehicle Demand TrendCheck current 30 days Shagrir Group correlation with market (DOW)|
β = 0.272
Shagrir Group Central Daily Price Deviation
Shagrir Group Vehicle Technical Analysis
Shagrir Group Projected Return Density Against MarketAssuming 30 trading days horizon, Shagrir Group has beta of 0.272 . This entails as returns on market go up, Shagrir Group average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Shagrir Group Vehicle Services Ltd will be expected to be much smaller as well. Additionally, Shagrir Group Vehicle Services 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
Assuming 30 trading days horizon, the coefficient of variation of Shagrir Group is -415.19. The daily returns are destributed with a variance of 3.33 and standard deviation of 1.82. The mean deviation of Shagrir Group Vehicle Services Ltd is currently at 1.2. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.53|
|Beta against DOW||=||0.27|
Shagrir Group Return VolatilityShagrir Group Vehicle Services Ltd accepts 1.8242% volatility on return distribution over the 30 days horizon. DOW inherits 1.2918% risk (volatility on return distribution) over the 30 days horizon.
Shagrir Group Vehicle Services Ltd has a volatility of 1.82 and is 1.41 times more volatile than DOW. 16% of all equities and portfolios are less risky than Shagrir Group. Compared to the overall equity markets, volatility of historical daily returns of Shagrir Group Vehicle Services Ltd is lower than 16 (%) of all global equities and portfolios over the last 30 days. Use Shagrir Group Vehicle Services Ltd to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Shagrir Group to be traded at S1364.79 in 30 days. As returns on market increase, Shagrir Group returns are expected to increase less than the market. However during bear market, the loss on holding Shagrir Group will be expected to be smaller as well.
Shagrir Group correlation with market