ABL Old Volatility
| ABLDelisted Stock | 8.47 0.05 0.59% |
ABL Old appears to be moderately volatile, given 3 months investment horizon. ABL Old secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17 % return per unit of return volatility over the last 3 months. By examining ABL Old's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of ABL Old's Coefficient Of Variation of 612.64, downside deviation of 3.21, and Mean Deviation of 2.93 to double-check if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.1736
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Based on monthly moving average ABL Old is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ABL Old by adding it to a well-diversified portfolio.
Key indicators related to ABL Old's volatility include:30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
ABL Old Stock 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 ABL daily returns, and it is calculated using variance and standard deviation. We also use ABL's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ABL Old volatility.
ABL |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of ABL Old at lower prices. For example, an investor can purchase ABL stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes. Main indicators related to ABL Old's market risk premium analysis include:
Beta (0.31) | Alpha 0.72 | Risk 4.55 | Sharpe Ratio 0.17 | Expected Return 0.79 |
Moving together with ABL Stock
| 0.68 | MUFG | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.64 | MBFJF | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.8 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.8 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.73 | MFG | Mizuho Financial | PairCorr |
| 0.67 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.72 | JPM | JPMorgan Chase Earnings Call Tomorrow | PairCorr |
| 0.81 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.73 | BAC | Bank of America Earnings Call This Week | PairCorr |
| 0.91 | AA | Alcoa Corp | PairCorr |
| 0.65 | WMT | Walmart Common Stock | PairCorr |
| 0.65 | XOM | Exxon Mobil Corp | PairCorr |
Moving against ABL Stock
ABL Old Market Sensitivity And Downside Risk
ABL Old's beta coefficient measures the volatility of ABL stock 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 ABL stock's returns against your selected market. In other words, ABL Old's beta of -0.31 provides an investor with an approximation of how much risk ABL Old stock can potentially add to one of your existing portfolios. ABL Old shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ABL Old's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ABL Old's stock 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 ABL Old Demand TrendCheck current 90 days ABL Old correlation with market (Dow Jones Industrial)ABL Old Volatility and Downside Risk
ABL 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.
ABL Old Stock Volatility Analysis
Volatility refers to the frequency at which ABL Old delisted stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ABL Old's price changes. Investors will then calculate the volatility of ABL Old's stock to predict their future moves. A delisted stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile delisted stock 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 ABL Old's volatility:
Historical Volatility
This type of delisted stock volatility measures ABL Old's fluctuations based on previous trends. It's commonly used to predict ABL Old's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for ABL Old's current market price. This means that the delisted stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on ABL Old's to be redeemed at a future date.Transformation |
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ABL Old Projected Return Density Against Market
Considering the 90-day investment horizon ABL Old has a beta of -0.3117 . This suggests as returns on the benchmark increase, returns on holding ABL Old are expected to decrease at a much lower rate. During a bear market, however, ABL Old 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 ABL Old or Insurance 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 ABL Old's price will be affected by overall stock 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 ABL delisted stock'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.
ABL Old has an alpha of 0.7179, implying that it can generate a 0.72 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an ABL Old Price Volatility?
Several factors can influence a delisted stock'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.ABL Old Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of ABL Old is 575.88. The daily returns are distributed with a variance of 20.7 and standard deviation of 4.55. The mean deviation of ABL Old is currently at 3.09. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.74
α | Alpha over Dow Jones | 0.72 | |
β | Beta against Dow Jones | -0.31 | |
σ | Overall volatility | 4.55 | |
Ir | Information ratio | 0.14 |
ABL Old Stock Return Volatility
ABL Old historical daily return volatility represents how much of ABL Old delisted stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company has volatility of 4.55% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7018% volatility on return distribution over the 90 days horizon. Performance |
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Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between ABL Stock performing well and ABL Old Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ABL Old's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HQL | 1.22 | 0.08 | 0.04 | 0.18 | 1.43 | 2.88 | 6.78 | |||
| ITIC | 1.43 | (0.12) | 0.00 | (0.03) | 0.00 | 3.07 | 10.23 | |||
| CION | 1.10 | 0.06 | 0.01 | 0.21 | 1.39 | 2.04 | 10.12 | |||
| TCPC | 1.31 | (0.06) | (0.05) | 0.00 | 1.63 | 2.55 | 8.47 | |||
| EGBN | 2.10 | (0.02) | 0.00 | 0.07 | 3.56 | 4.55 | 15.94 | |||
| ABLLL | 0.17 | 0.06 | (0.14) | (1.29) | 0.00 | 0.53 | 1.26 | |||
| TCBX | 1.37 | (0.11) | 0.00 | (0.01) | 0.00 | 3.27 | 8.90 | |||
| BHB | 1.37 | 0.01 | 0.01 | 0.10 | 1.69 | 3.07 | 8.17 | |||
| CRD-A | 1.35 | 0.04 | 0.02 | 0.14 | 1.47 | 2.99 | 8.13 |
About ABL Old Volatility
Volatility is a rate at which the price of ABL Old or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of ABL Old may increase or decrease. In other words, similar to ABL's beta indicator, it measures the risk of ABL Old and helps estimate the fluctuations that may happen in a short period of time. So if prices of ABL Old fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.3 ways to utilize ABL Old's volatility to invest better
Higher ABL Old's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of ABL Old stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. ABL Old stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of ABL Old investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in ABL Old's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of ABL Old's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
ABL Old Investment Opportunity
ABL Old has a volatility of 4.55 and is 6.5 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of ABL Old is lower than 40 percent of all global equities and portfolios over the last 90 days. You can use ABL Old to enhance the returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of ABL Old to be traded at 9.32 in 90 days.Good diversification
The correlation between ABL Old and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABL Old and DJI in the same portfolio, assuming nothing else is changed.
ABL Old Additional Risk Indicators
The analysis of ABL Old'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 ABL Old's investment and either accepting that risk or mitigating it. Along with some common measures of ABL Old stock'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 | 0.1297 | |||
| Market Risk Adjusted Performance | (2.21) | |||
| Mean Deviation | 2.93 | |||
| Semi Deviation | 2.75 | |||
| Downside Deviation | 3.21 | |||
| Coefficient Of Variation | 612.64 | |||
| Standard Deviation | 4.3 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar delisted stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
ABL Old 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.
| Ford vs. ABL Old | ||
| Visa vs. ABL Old | ||
| Alphabet vs. ABL Old | ||
| Walker Dunlop vs. ABL Old | ||
| Microsoft vs. ABL Old | ||
| GM vs. ABL Old |
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 ABL Old 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. ABL Old'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, ABL Old'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 ABL Old.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Consideration for investing in ABL Stock
If you are still planning to invest in ABL Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ABL Old's history and understand the potential risks before investing.
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