Basanite Stock Volatility
Basanite is out of control given 3 months investment horizon. Basanite secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.99% are justified by taking the suggested risk. Use Basanite Mean Deviation of 10.06, downside deviation of 10.01, and Risk Adjusted Performance of 0.0952 to evaluate company specific risk that cannot be diversified away.
Basanite |
Basanite OTC 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 Basanite daily returns, and it is calculated using variance and standard deviation. We also use Basanite's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Basanite volatility.
Basanite OTC Stock Volatility Analysis
Volatility refers to the frequency at which Basanite otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Basanite's price changes. Investors will then calculate the volatility of Basanite's otc stock to predict their future moves. A otc that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A otc stock with relatively stable price changes has low volatility. A highly volatile otc 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 Basanite's volatility:
Historical Volatility
This type of otc volatility measures Basanite's fluctuations based on previous trends. It's commonly used to predict Basanite's future behavior based on its past. However, it cannot conclusively determine the future direction of the otc stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Basanite's current market price. This means that the otc will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Basanite's to be redeemed at a future date.Transformation |
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Basanite Projected Return Density Against Market
Given the investment horizon of 90 days Basanite has a beta of -0.4478 suggesting as returns on the benchmark increase, returns on holding Basanite are expected to decrease at a much lower rate. During a bear market, however, Basanite 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 Basanite 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 Basanite's price will be affected by overall otc 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 Basanite otc'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.
Basanite has an alpha of 2.0143, implying that it can generate a 2.01 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Basanite Price Volatility?
Several factors can influence a otc'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.Basanite OTC Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Basanite is 868.17. The daily returns are distributed with a variance of 297.44 and standard deviation of 17.25. The mean deviation of Basanite is currently at 10.06. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.74
α | Alpha over Dow Jones | 2.01 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 17.25 | |
Ir | Information ratio | 0.11 |
Basanite OTC Stock Return Volatility
Basanite historical daily return volatility represents how much of Basanite otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 17.2465% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7029% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Basanite OTC Stock performing well and Basanite OTC Stock 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 Basanite'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TORVF | 8.46 | 1.65 | 0.16 | 2.25 | 8.57 | 23.29 | 61.78 | |||
| NLPXF | 5.65 | 1.62 | 0.18 | 1.91 | 5.81 | 13.10 | 53.28 | |||
| BRKCF | 3.04 | 0.28 | 0.03 | (0.62) | 3.59 | 7.02 | 19.30 | |||
| STSBF | 6.64 | (0.40) | 0.00 | (0.19) | 0.00 | 18.92 | 50.35 | |||
| RMIOF | 4.79 | (0.06) | 0.00 | 0.06 | 8.36 | 19.00 | 83.33 | |||
| MGPRF | 30.82 | 12.51 | 0.00 | 0.86 | 0.00 | 0.51 | 1,000.00 | |||
| RARMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATOXF | 5.69 | (0.21) | 0.00 | (3.59) | 0.00 | 12.99 | 38.61 | |||
| RIINF | 8.03 | 0.45 | 0.03 | (0.20) | 8.70 | 16.35 | 40.90 | |||
| USCMF | 5.63 | (0.68) | 0.00 | (3.75) | 0.00 | 12.50 | 37.75 |
About Basanite Volatility
Volatility is a rate at which the price of Basanite 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 Basanite may increase or decrease. In other words, similar to Basanite's beta indicator, it measures the risk of Basanite and helps estimate the fluctuations that may happen in a short period of time. So if prices of Basanite 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.Basanite, Inc. engages in the basalt fiber reinforced polymer business worldwide. Basanite, Inc. was founded in 2006 and is headquartered in Oakland Park, Florida. Basanite operates under Building Materials classification in the United States and is traded on OTC Exchange. It employs 23 people.
Basanite'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 Basanite OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Basanite's price varies over time.
3 ways to utilize Basanite's volatility to invest better
Higher Basanite's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Basanite 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. Basanite 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 Basanite investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Basanite'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 Basanite's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Basanite Investment Opportunity
Basanite has a volatility of 17.25 and is 24.64 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Basanite. You can use Basanite to enhance the returns of your portfolios. The otc stock experiences a very speculative upward sentiment. The trend is possibly hyped up. Check odds of Basanite to be traded at $0.0626 in 90 days.Good diversification
The correlation between Basanite and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Basanite and DJI in the same portfolio, assuming nothing else is changed.
Basanite Additional Risk Indicators
The analysis of Basanite'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 Basanite's investment and either accepting that risk or mitigating it. Along with some common measures of Basanite otc 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 | 0.0952 | |||
| Market Risk Adjusted Performance | (4.40) | |||
| Mean Deviation | 10.06 | |||
| Semi Deviation | 8.21 | |||
| Downside Deviation | 10.01 | |||
| Coefficient Of Variation | 868.17 | |||
| Standard Deviation | 17.25 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential otc stocks, we recommend comparing similar otcs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Basanite 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.
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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 Basanite 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. Basanite'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, Basanite'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 Basanite.
Complementary Tools for Basanite OTC Stock analysis
When running Basanite's price analysis, check to measure Basanite'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 Basanite is operating at the current time. Most of Basanite's value examination focuses on studying past and present price action to predict the probability of Basanite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Basanite's price. Additionally, you may evaluate how the addition of Basanite to your portfolios can decrease your overall portfolio volatility.
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