Affinity Gold Corp Stock Volatility
| AFYG Stock | USD 0.0002 0.0001 100.00% |
Affinity Gold is out of control given 3 months investment horizon. Affinity Gold Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of standard deviation over the last 3 months. We have analyzed and interpolated eighteen different technical indicators, which can help you to evaluate if expected returns of 1.64% are justified by taking the suggested risk. Use Affinity Gold risk adjusted performance of 0.1072, and Mean Deviation of 2.98 to evaluate company specific risk that cannot be diversified away.
Sharpe Ratio = 0.128
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Based on monthly moving average Affinity Gold is performing at about 10% 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 Affinity Gold by adding it to a well-diversified portfolio.
Key indicators related to Affinity Gold's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Affinity Gold Pink Sheet 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 Affinity daily returns, and it is calculated using variance and standard deviation. We also use Affinity's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Affinity Gold volatility.
Affinity |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Affinity Gold can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Affinity Gold at lower prices to lower their average cost per share. Similarly, when the prices of Affinity Gold's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Affinity Gold's market risk premium analysis include:
Beta 0.0295 | Alpha 1.5 | Risk 12.8 | Sharpe Ratio 0.13 | Expected Return 1.64 |
Moving against Affinity Pink Sheet
Affinity Gold Market Sensitivity And Downside Risk
Affinity Gold's beta coefficient measures the volatility of Affinity pink sheet 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 Affinity pink sheet's returns against your selected market. In other words, Affinity Gold's beta of 0.0295 provides an investor with an approximation of how much risk Affinity Gold pink sheet can potentially add to one of your existing portfolios. Affinity Gold Corp is displaying above-average volatility over the selected time horizon. Affinity Gold Corp appears to be a penny stock. Although Affinity Gold Corp may be, in fact, a solid short-term or long term investment, many penny pink sheets are speculative investment instruments that are often subject to artificial stock promotion and campaigns of hype which may lead to misinformation and misrepresentation. Please make sure you fully understand upside potential and downside risks of investing in Affinity Gold Corp or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswing without any event/news,and sudden news releases. We also encourage traders to check biographies and work history of company President, CEO or other officers before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Affinity instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Affinity Gold Corp Demand TrendCheck current 90 days Affinity Gold correlation with market (Dow Jones Industrial)Affinity Gold Volatility and Downside Risk
Affinity 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.
Affinity Gold Corp Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Affinity Gold pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Affinity Gold's price changes. Investors will then calculate the volatility of Affinity Gold's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet 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 Affinity Gold's volatility:
Historical Volatility
This type of pink sheet volatility measures Affinity Gold's fluctuations based on previous trends. It's commonly used to predict Affinity Gold's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Affinity Gold's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Affinity Gold'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. Affinity Gold Corp 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.
Affinity Gold Projected Return Density Against Market
Given the investment horizon of 90 days Affinity Gold has a beta of 0.0295 . This suggests as returns on the market go up, Affinity Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Affinity Gold Corp will be expected to be much smaller as well.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 Affinity Gold or Basic Materials 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 Affinity Gold's price will be affected by overall pink sheet 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 Affinity pink sheet'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.
Predicted Return Density |
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What Drives an Affinity Gold Price Volatility?
Several factors can influence a pink sheet'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 investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Affinity Gold Pink Sheet Return Volatility
Affinity Gold historical daily return volatility represents how much of Affinity Gold pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 12.8037% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7511% 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 Affinity Pink Sheet performing well and Affinity Gold 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 Affinity Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IGRU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GKIN | 2.98 | 1.50 | 0.00 | 12.07 | 0.00 | 0.00 | 100.00 | |||
| SLCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NILA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNLP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MERG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFGVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ACRB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGCZ | 3.01 | 0.66 | 0.00 | 0.39 | 0.00 | 0.00 | 150.00 | |||
| LKAI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
About Affinity Gold Volatility
Volatility is a rate at which the price of Affinity Gold 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 Affinity Gold may increase or decrease. In other words, similar to Affinity's beta indicator, it measures the risk of Affinity Gold and helps estimate the fluctuations that may happen in a short period of time. So if prices of Affinity Gold 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.Affinity Gold Corporation acquires and develops metals and minerals in Latin America. The company was founded in 2007 and is based in Maple Grove, Minnesota. AFFINITY GOLD operates under Gold classification in the United States and is traded on PNK Exchange.
Affinity Gold's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Affinity Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Affinity Gold's price varies over time.
3 ways to utilize Affinity Gold's volatility to invest better
Higher Affinity Gold's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Affinity Gold Corp 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. Affinity Gold Corp 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 Affinity Gold Corp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Affinity Gold'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 Affinity Gold's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Affinity Gold Investment Opportunity
Affinity Gold Corp has a volatility of 12.8 and is 17.07 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Affinity Gold Corp is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Affinity Gold Corp to enhance the returns of your portfolios. The pink sheet experiences a very speculative upward sentiment. The trend is possibly hyped up. Check odds of Affinity Gold to be traded at $3.0E-4 in 90 days.Average diversification
The correlation between Affinity Gold Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affinity Gold Corp and DJI in the same portfolio, assuming nothing else is changed.
Affinity Gold Additional Risk Indicators
The analysis of Affinity Gold'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 Affinity Gold's investment and either accepting that risk or mitigating it. Along with some common measures of Affinity Gold pink sheet'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 | 0.1072 | |||
| Market Risk Adjusted Performance | 51.03 | |||
| Mean Deviation | 2.98 | |||
| Coefficient Of Variation | 812.4 | |||
| Standard Deviation | 12.31 | |||
| Variance | 151.52 | |||
| Information Ratio | 0.1188 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Affinity Gold 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 Affinity Gold 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. Affinity Gold'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, Affinity Gold'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 Affinity Gold Corp.
Complementary Tools for Affinity Pink Sheet analysis
When running Affinity Gold's price analysis, check to measure Affinity Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Affinity Gold is operating at the current time. Most of Affinity Gold's value examination focuses on studying past and present price action to predict the probability of Affinity Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Affinity Gold's price. Additionally, you may evaluate how the addition of Affinity Gold to your portfolios can decrease your overall portfolio volatility.
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