WhiteSmoke Software (Israel) Risk Analysis And Volatility Evaluation

WSMK -- Israel Stock  

ILS 21.40  1.00  4.90%

Macroaxis considers WhiteSmoke Software not very volatile given 1 month investment horizon. WhiteSmoke Software shows Sharpe Ratio of 0.1558 which attests that WhiteSmoke Software had 0.1558% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By examining WhiteSmoke Software technical indicators you can presently evaluate if the expected return of 0.6516% is justified by implied risk. Please utilize WhiteSmoke Software Market Risk Adjusted Performance of 0.9965 and Mean Deviation of 1.84 to validate if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

WhiteSmoke Software Market Sensitivity

As returns on market increase, WhiteSmoke Software returns are expected to increase less than the market. However during bear market, the loss on holding WhiteSmoke Software will be expected to be smaller as well.
One Month Beta |Analyze WhiteSmoke Software Demand Trend
Check current 30 days WhiteSmoke Software correlation with market (DOW)
β = 0.8144
WhiteSmoke Software Small BetaWhiteSmoke Software Beta Legend

WhiteSmoke Software Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. WhiteSmoke Software 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.

WhiteSmoke Software Projected Return Density Against Market

Assuming 30 trading days horizon, WhiteSmoke Software has beta of 0.8144 . This means as returns on market go up, WhiteSmoke Software average returns are expected to increase less than the benchmark. However during bear market, the loss on holding WhiteSmoke Software Ltd will be expected to be much smaller as well. Moreover, WhiteSmoke Software Ltd has an alpha of 0.9441 implying that it can potentially generate 0.9441% 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 WhiteSmoke Software is 641.69. The daily returns are destributed with a variance of 17.48 and standard deviation of 4.18. The mean deviation of WhiteSmoke Software Ltd is currently at 2.8. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.94
β
Beta against DOW=0.81
σ
Overall volatility
=4.18
Ir
Information ratio =0.30

WhiteSmoke Software Return Volatility

WhiteSmoke Software Ltd accepts 4.1813% volatility on return distribution over the 30 days horizon. DOW inherits 1.0404% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

WhiteSmoke Software Volatility Factors

30 Days Market Risk

Not very volatile

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Follows market closely

Investment Outlook

WhiteSmoke Software Investment Opportunity

WhiteSmoke Software Ltd has a volatility of 4.18 and is 4.02 times more volatile than DOW. 37% of all equities and portfolios are less risky than WhiteSmoke Software. Compared to the overall equity markets, volatility of historical daily returns of WhiteSmoke Software Ltd is lower than 37 (%) of all global equities and portfolios over the last 30 days. Use WhiteSmoke Software Ltd to enhance returns of your portfolios. The stock experiences very speculative upward sentiment.. Check odds of WhiteSmoke Software to be traded at S26.75 in 30 days. As returns on market increase, WhiteSmoke Software returns are expected to increase less than the market. However during bear market, the loss on holding WhiteSmoke Software will be expected to be smaller as well.

WhiteSmoke Software correlation with market

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

WhiteSmoke Software Volatility Indicators

WhiteSmoke Software Ltd Current Risk Indicators

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