Atlantic Sapphire (Norway) Volatility
| ASA Stock | NOK 0.08 0 3.07% |
Atlantic Sapphire secures Sharpe Ratio (or Efficiency) of -4.0E-4, which signifies that the company had a -4.0E-4% return per unit of risk over the last 3 months. Atlantic Sapphire As exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlantic Sapphire's Risk Adjusted Performance of (0.0002), standard deviation of 26.09, and Mean Deviation of 10.98 to double-check the risk estimate we provide. Key indicators related to Atlantic Sapphire's volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
Atlantic Sapphire 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 Atlantic daily returns, and it is calculated using variance and standard deviation. We also use Atlantic's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Atlantic Sapphire volatility.
Atlantic |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Atlantic Sapphire at lower prices. For example, an investor can purchase Atlantic 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.
Moving together with Atlantic Stock
Moving against Atlantic Stock
| 0.62 | MOWI | Mowi ASA | PairCorr |
| 0.58 | EFUEL | Everfuel AS | PairCorr |
| 0.53 | AUSS | Austevoll Seafood ASA | PairCorr |
| 0.48 | NOM | Nordic Mining ASA | PairCorr |
| 0.47 | AFISH | Arctic Fish Holding | PairCorr |
| 0.37 | ISLAX | Icelandic Salmon | PairCorr |
| 0.37 | ANDF | Andfjord Salmon AS Earnings Call This Week | PairCorr |
Atlantic Sapphire Market Sensitivity And Downside Risk
Atlantic Sapphire's beta coefficient measures the volatility of Atlantic 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 Atlantic stock's returns against your selected market. In other words, Atlantic Sapphire's beta of -4.42 provides an investor with an approximation of how much risk Atlantic Sapphire stock can potentially add to one of your existing portfolios. Atlantic Sapphire As is displaying above-average volatility over the selected time horizon. Atlantic Sapphire As is a penny stock. Although Atlantic Sapphire may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Atlantic Sapphire As. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Atlantic instrument if you perfectly time your entry and exit. However, remember that penny stocks 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 Atlantic Sapphire Demand TrendCheck current 90 days Atlantic Sapphire correlation with market (Dow Jones Industrial)Atlantic Beta |
Atlantic 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 | 26.16 |
It is essential to understand the difference between upside risk (as represented by Atlantic Sapphire's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Atlantic Sapphire's daily returns or price. Since the actual investment returns on holding a position in atlantic stock 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 Atlantic Sapphire.
Atlantic Sapphire Stock Volatility Analysis
Volatility refers to the frequency at which Atlantic Sapphire stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Atlantic Sapphire's price changes. Investors will then calculate the volatility of Atlantic Sapphire's stock to predict their future moves. A 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 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 Atlantic Sapphire's volatility:
Historical Volatility
This type of stock volatility measures Atlantic Sapphire's fluctuations based on previous trends. It's commonly used to predict Atlantic Sapphire'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 Atlantic Sapphire's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Atlantic Sapphire'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. Atlantic Sapphire 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.
Atlantic Sapphire Projected Return Density Against Market
Assuming the 90 days trading horizon Atlantic Sapphire As has a beta of -4.4151 . This suggests as returns on its benchmark rise, returns on holding Atlantic Sapphire As are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Atlantic Sapphire is expected to outperform its benchmark.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 Atlantic Sapphire or Consumer Defensive 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 Atlantic Sapphire'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 Atlantic 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.
Atlantic Sapphire As has an alpha of 0.1872, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Atlantic Sapphire Price Volatility?
Several factors can influence a 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.Atlantic Sapphire Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Atlantic Sapphire is -249214.79. The daily returns are distributed with a variance of 684.34 and standard deviation of 26.16. The mean deviation of Atlantic Sapphire As is currently at 10.83. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -4.42 | |
σ | Overall volatility | 26.16 | |
Ir | Information ratio | -0.02 |
Atlantic Sapphire Stock Return Volatility
Atlantic Sapphire historical daily return volatility represents how much of Atlantic Sapphire stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 26.1599% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7685% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Atlantic Sapphire Volatility
Volatility is a rate at which the price of Atlantic Sapphire 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 Atlantic Sapphire may increase or decrease. In other words, similar to Atlantic's beta indicator, it measures the risk of Atlantic Sapphire and helps estimate the fluctuations that may happen in a short period of time. So if prices of Atlantic Sapphire 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.Atlantic Sapphire ASA, together with its subsidiaries, engages in the land-based salmon farming business. Atlantic Sapphire ASA was founded in 2010 and is headquartered in Vikebukt, Norway. ATLANTIC SAPPH is traded on Oslo Stock Exchange in Norway.
Atlantic Sapphire'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 Atlantic Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Atlantic Sapphire's price varies over time.
3 ways to utilize Atlantic Sapphire's volatility to invest better
Higher Atlantic Sapphire's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Atlantic Sapphire 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. Atlantic Sapphire 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 Atlantic Sapphire investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Atlantic Sapphire'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 Atlantic Sapphire's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Atlantic Sapphire Investment Opportunity
Atlantic Sapphire As has a volatility of 26.16 and is 33.97 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Atlantic Sapphire As is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Atlantic Sapphire As to protect your portfolios against small market fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Atlantic Sapphire to be traded at 0.0729 in 90 days.Good diversification
The correlation between Atlantic Sapphire As and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlantic Sapphire As and DJI in the same portfolio, assuming nothing else is changed.
Atlantic Sapphire Additional Risk Indicators
The analysis of Atlantic Sapphire'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 Atlantic Sapphire's investment and either accepting that risk or mitigating it. Along with some common measures of Atlantic Sapphire 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 | (0.0002) | |||
| Market Risk Adjusted Performance | 0.0884 | |||
| Mean Deviation | 10.98 | |||
| Coefficient Of Variation | (7,765) | |||
| Standard Deviation | 26.09 | |||
| Variance | 680.8 | |||
| Information Ratio | (0.02) |
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 stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Atlantic Sapphire 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 Atlantic Sapphire 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. Atlantic Sapphire'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, Atlantic Sapphire'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 Atlantic Sapphire As.
Other Information on Investing in Atlantic Stock
Atlantic Sapphire financial ratios help investors to determine whether Atlantic Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Atlantic with respect to the benefits of owning Atlantic Sapphire security.