Macroaxis considers TOWER SEMICONDUCTO very steady given 3 months investment horizon. TOWER SEMICONDUCTO owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.233 which indicates the firm had 0.233% of return per unit of risk over the last 3 months. Our approach into measuring volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By evaluating TOWER SEMICONDUCTO technical indicators you can currently evaluate if the expected return of 0.7509% is justified by implied risk. Please operate TOWER SEMICONDUCTO Coefficient Of Variation of 581.46, Risk Adjusted Performance of 0.1748 and Semi Deviation of 2.36 to confirm if our risk estimates are consistent with your expectations.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Follows market closely
|Horizon||30 Days Login to change|
TOWER SEMICONDUCTO Market Sensitivity
|As returns on market increase, TOWER SEMICONDUCTO returns are expected to increase less than the market. However during bear market, the loss on holding TOWER SEMICONDUCTO will be expected to be smaller as well. 3 Months Beta |Analyze TOWER SEMICONDUCTO Demand TrendCheck current 30 days TOWER SEMICONDUCTO correlation with market (DOW)|
β = 0.6504
TOWER SEMICONDUCTO Central Daily Price Deviation
TOWER SEMICONDUCTO Technical Analysis
TOWER SEMICONDUCTO Projected Return Density Against MarketAssuming 30 trading days horizon, TOWER SEMICONDUCTO has beta of 0.6504 . This entails as returns on market go up, TOWER SEMICONDUCTO average returns are expected to increase less than the benchmark. However during bear market, the loss on holding TOWER SEMICONDUCTO will be expected to be much smaller as well. Moreover, The company has an alpha of 0.523 implying that it can potentially generate 0.523% 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 TOWER SEMICONDUCTO is 429.19. The daily returns are destributed with a variance of 10.39 and standard deviation of 3.22. The mean deviation of TOWER SEMICONDUCTO is currently at 2.26. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
|Alpha over DOW||=||0.52|
|Beta against DOW||=||0.65|
TOWER SEMICONDUCTO Return Volatilitythe company accepts 3.2229% volatility on return distribution over the 30 days horizon. the entity inherits 0.9922% risk (volatility on return distribution) over the 30 days horizon.
TOWER SEMICONDUCTO Investment Opportunity
TOWER SEMICONDUCTO has a volatility of 3.22 and is 3.25 times more volatile than DOW. 28 of all equities and portfolios are less risky than TOWER SEMICONDUCTO. Compared to the overall equity markets, volatility of historical daily returns of TOWER SEMICONDUCTO is lower than 28 () of all global equities and portfolios over the last 30 days. Use TOWER SEMICONDUCTO to enhance returns of your portfolios. The stock experiences very speculative upward sentiment. . Check odds of TOWER SEMICONDUCTO to be traded at S9791.25 in 30 days. . As returns on market increase, TOWER SEMICONDUCTO returns are expected to increase less than the market. However during bear market, the loss on holding TOWER SEMICONDUCTO will be expected to be smaller as well.
TOWER SEMICONDUCTO correlation with market
TOWER SEMICONDUCTO Current Risk Indicators
|Risk Adjusted Performance||0.1748|
|Market Risk Adjusted Performance||0.7834|
|Coefficient Of Variation||581.46|
TOWER SEMICONDUCTO Suggested Diversification Pairs