Hashflow USD (Spain) Volatility
| 0P00000XGU | 13.88 0.00 0.00% |
At this point, Hashflow USD is very steady. Hashflow USD holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Hashflow USD, which you can use to evaluate the volatility of the entity. Please check out Hashflow USD's Downside Deviation of 0.9892, market risk adjusted performance of (2.34), and Risk Adjusted Performance of 0.1513 to validate if the risk estimate we provide is consistent with the expected return of 0.16%.
Hashflow |
Hashflow USD Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Hashflow daily returns, and it is calculated using variance and standard deviation. We also use Hashflow's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Hashflow USD volatility.
Downward market volatility can be a perfect environment for investors who play the long game with Hashflow USD. They may decide to buy additional shares of Hashflow USD at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Hashflow USD Market Sensitivity And Downside Risk
Hashflow USD's beta coefficient measures the volatility of Hashflow fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Hashflow fund's returns against your selected market. In other words, Hashflow USD's beta of -0.0812 provides an investor with an approximation of how much risk Hashflow USD fund can potentially add to one of your existing portfolios. Hashflow USD has low volatility with Treynor Ratio of -2.35, Maximum Drawdown of 5.93 and kurtosis of 3.23. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hashflow USD's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hashflow USD's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Hashflow USD Demand TrendCheck current 90 days Hashflow USD correlation with market (Dow Jones Industrial)Hashflow Beta |
Hashflow standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 1.02 |
It is essential to understand the difference between upside risk (as represented by Hashflow USD's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Hashflow USD's daily returns or price. Since the actual investment returns on holding a position in hashflow fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Hashflow USD.
Hashflow USD Fund Volatility Analysis
Volatility refers to the frequency at which Hashflow USD fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Hashflow USD's price changes. Investors will then calculate the volatility of Hashflow USD's fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Hashflow USD's volatility:
Historical Volatility
This type of fund volatility measures Hashflow USD's fluctuations based on previous trends. It's commonly used to predict Hashflow USD's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Hashflow USD's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Hashflow USD's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Hashflow USD 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.
Hashflow USD Projected Return Density Against Market
Assuming the 90 days trading horizon Hashflow USD has a beta of -0.0812 . This suggests as returns on the benchmark increase, returns on holding Hashflow USD are expected to decrease at a much lower rate. During a bear market, however, Hashflow USD is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hashflow USD or Hashflow sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hashflow USD's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Hashflow fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Hashflow USD has an alpha of 0.2003, implying that it can generate a 0.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Hashflow USD Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Hashflow USD Fund Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Hashflow USD is 637.48. The daily returns are distributed with a variance of 1.03 and standard deviation of 1.02. The mean deviation of Hashflow USD is currently at 0.7. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 1.02 | |
Ir | Information ratio | 0.07 |
Hashflow USD Fund Return Volatility
Hashflow USD historical daily return volatility represents how much of Hashflow USD fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund accepts 1.0166% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7777% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Hashflow USD Investment Opportunity
Hashflow USD has a volatility of 1.02 and is 1.31 times more volatile than Dow Jones Industrial. 9 percent of all equities and portfolios are less risky than Hashflow USD. You can use Hashflow USD to protect your portfolios against small market fluctuations. The fund experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Hashflow USD to be traded at 13.74 in 90 days.Good diversification
The correlation between Hashflow USD and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hashflow USD and DJI in the same portfolio, assuming nothing else is changed.
Hashflow USD Additional Risk Indicators
The analysis of Hashflow USD's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Hashflow USD's investment and either accepting that risk or mitigating it. Along with some common measures of Hashflow USD fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.1513 | |||
| Market Risk Adjusted Performance | (2.34) | |||
| Mean Deviation | 0.7055 | |||
| Semi Deviation | 0.6075 | |||
| Downside Deviation | 0.9892 | |||
| Coefficient Of Variation | 515.17 | |||
| Standard Deviation | 1.03 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Hashflow USD Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Hashflow USD as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Hashflow USD's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Hashflow USD's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Hashflow USD.
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