Audientes (Sweden) Volatility
| AUDNTS Stock | 0.02 0 17.16% |
Audientes is out of control given 3 months investment horizon. Audientes AS secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.4% are justified by taking the suggested risk. Use Audientes risk adjusted performance of 0.0892, and Mean Deviation of 10.39 to evaluate company specific risk that cannot be diversified away.
Audientes |
Audientes 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 Audientes daily returns, and it is calculated using variance and standard deviation. We also use Audientes's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Audientes volatility.
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Audientes 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 Audientes at lower prices to lower their average cost per share. Similarly, when the prices of Audientes' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving against Audientes Stock
| 0.73 | HEXA-B | Hexagon AB | PairCorr |
| 0.59 | AZN | AstraZeneca PLC | PairCorr |
| 0.53 | INVE-A | Investor AB ser | PairCorr |
| 0.5 | INVE-B | Investor AB ser | PairCorr |
| 0.47 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.42 | ATCO-A | Atlas Copco AB | PairCorr |
Audientes Market Sensitivity And Downside Risk
Audientes' beta coefficient measures the volatility of Audientes 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 Audientes stock's returns against your selected market. In other words, Audientes's beta of 0.34 provides an investor with an approximation of how much risk Audientes stock can potentially add to one of your existing portfolios. Audientes AS is showing large volatility of returns over the selected time horizon. Audientes AS is a penny stock. Although Audientes 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 Audientes 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 Audientes 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 Audientes AS Demand TrendCheck current 90 days Audientes correlation with market (Dow Jones Industrial)Audientes Beta |
Audientes 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 | 14.01 |
It is essential to understand the difference between upside risk (as represented by Audientes's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Audientes' daily returns or price. Since the actual investment returns on holding a position in audientes 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 Audientes.
Audientes AS Stock Volatility Analysis
Volatility refers to the frequency at which Audientes stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Audientes' price changes. Investors will then calculate the volatility of Audientes' 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 Audientes' volatility:
Historical Volatility
This type of stock volatility measures Audientes' fluctuations based on previous trends. It's commonly used to predict Audientes' 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 Audientes' 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 Audientes' 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. Audientes AS 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.
Audientes Projected Return Density Against Market
Assuming the 90 days trading horizon Audientes has a beta of 0.3385 . This suggests as returns on the market go up, Audientes average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Audientes AS 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 Audientes or Audientes 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 Audientes' 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 Audientes 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.
Audientes AS has an alpha of 1.3892, implying that it can generate a 1.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Audientes 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.Audientes Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Audientes is 999.72. The daily returns are distributed with a variance of 196.22 and standard deviation of 14.01. The mean deviation of Audientes AS is currently at 10.59. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 1.39 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 14.01 | |
Ir | Information ratio | 0.09 |
Audientes Stock Return Volatility
Audientes historical daily return volatility represents how much of Audientes stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 14.0077% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7502% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Audientes Investment Opportunity
Audientes AS has a volatility of 14.01 and is 18.68 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Audientes. You can use Audientes AS to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Audientes to be traded at 0.0211 in 90 days.Significant diversification
The correlation between Audientes AS and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Audientes AS and DJI in the same portfolio, assuming nothing else is changed.
Audientes Additional Risk Indicators
The analysis of Audientes' 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 Audientes' investment and either accepting that risk or mitigating it. Along with some common measures of Audientes 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 | 0.0892 | |||
| Market Risk Adjusted Performance | 4.24 | |||
| Mean Deviation | 10.39 | |||
| Semi Deviation | 9.61 | |||
| Downside Deviation | 11.17 | |||
| Coefficient Of Variation | 958.5 | |||
| Standard Deviation | 13.83 |
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.
Audientes 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.
| Microsoft vs. Audientes | ||
| Ford vs. Audientes | ||
| Visa vs. Audientes | ||
| Citigroup vs. Audientes | ||
| GM vs. Audientes | ||
| Alphabet vs. Audientes | ||
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 Audientes 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. Audientes' 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, Audientes' 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 Audientes AS.
Complementary Tools for Audientes Stock analysis
When running Audientes' price analysis, check to measure Audientes' 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 Audientes is operating at the current time. Most of Audientes' value examination focuses on studying past and present price action to predict the probability of Audientes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Audientes' price. Additionally, you may evaluate how the addition of Audientes to your portfolios can decrease your overall portfolio volatility.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |