WhiteSmoke Software (Israel) Risk Analysis And Volatility Evaluation

WSMK -- Israel Stock  

ILS 22.00  0.80  3.51%

Macroaxis considers WhiteSmoke Software unknown risk given 2 months investment horizon. WhiteSmoke Software shows Sharpe Ratio of 0.1868 which attests that WhiteSmoke Software had 0.1868% of return per unit of risk over the last 2 months. 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 0.6171% is justified by implied risk. Please utilize WhiteSmoke Software Market Risk Adjusted Performance of (1.78), Mean Deviation of 1.87 and Downside Deviation of 4.35 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, returns on owning WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, WhiteSmoke Software is likely to outperform the market.
2 Months Beta |Analyze WhiteSmoke Software Demand Trend
Check current 30 days WhiteSmoke Software correlation with market (DOW)
β = -0.2164

WhiteSmoke Software Central Daily Price Deviation

WhiteSmoke Software Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

WhiteSmoke Software Projected Return Density Against Market

Assuming 30 trading days horizon, WhiteSmoke Software Ltd has beta of -0.2164 . This means as returns on benchmark increase, returns on holding WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, however, WhiteSmoke Software Ltd is likely to outperform the market. Moreover, WhiteSmoke Software Ltd has an alpha of 0.347 implying that it can potentially generate 0.347% 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 535.45. The daily returns are destributed with a variance of 10.92 and standard deviation of 3.3. The mean deviation of WhiteSmoke Software Ltd is currently at 2.53. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.35
β
Beta against DOW=0.22
σ
Overall volatility
=3.30
Ir
Information ratio =0.18

WhiteSmoke Software Return Volatility

WhiteSmoke Software Ltd accepts 3.304% volatility on return distribution over the 30 days horizon. DOW inherits 1.3286% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

WhiteSmoke Software Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

WhiteSmoke Software Investment Opportunity

WhiteSmoke Software Ltd has a volatility of 3.3 and is 2.48 times more volatile than DOW. 29% 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 29 (%) of all global equities and portfolios over the last 30 days. Use WhiteSmoke Software Ltd to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of WhiteSmoke Software to be traded at S21.12 in 30 days. As returns on market increase, returns on owning WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, WhiteSmoke Software is likely to outperform the market.

WhiteSmoke Software correlation with market

correlation synergy
Good 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

See also Your Current Watchlist. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Search macroaxis.com