Bound (Thailand) Volatility
| BEYOND Stock | 8.90 0.25 2.89% |
At this point, Bound is somewhat reliable. Bound and Beyond secures Sharpe Ratio (or Efficiency) of 0.0549, which signifies that the company had a 0.0549% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bound and Beyond, which you can use to evaluate the volatility of the firm. Please confirm Bound's Mean Deviation of 1.38, risk adjusted performance of 0.0301, and Downside Deviation of 1.6 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
Bound |
Bound 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 Bound daily returns, and it is calculated using variance and standard deviation. We also use Bound's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Bound volatility.
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Bound 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 Bound at lower prices to lower their average cost per share. Similarly, when the prices of Bound's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Bound Stock
Moving against Bound Stock
Bound Market Sensitivity And Downside Risk
Bound's beta coefficient measures the volatility of Bound 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 Bound stock's returns against your selected market. In other words, Bound's beta of 0.59 provides an investor with an approximation of how much risk Bound stock can potentially add to one of your existing portfolios. Bound and Beyond has relatively low volatility with skewness of 1.38 and kurtosis of 3.14. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bound'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 Bound'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 Bound and Beyond Demand TrendCheck current 90 days Bound correlation with market (Dow Jones Industrial)Bound Beta |
Bound 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 | 2.0 |
It is essential to understand the difference between upside risk (as represented by Bound's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Bound's daily returns or price. Since the actual investment returns on holding a position in bound 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 Bound.
Bound and Beyond Stock Volatility Analysis
Volatility refers to the frequency at which Bound stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Bound's price changes. Investors will then calculate the volatility of Bound'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 Bound's volatility:
Historical Volatility
This type of stock volatility measures Bound's fluctuations based on previous trends. It's commonly used to predict Bound'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 Bound'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 Bound'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. Bound and Beyond 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.
Bound Projected Return Density Against Market
Assuming the 90 days trading horizon Bound has a beta of 0.5941 suggesting as returns on the market go up, Bound average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bound and Beyond 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 Bound or Bound 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 Bound'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 Bound 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.
Bound and Beyond has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Bound 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.Bound Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Bound is 1822.75. The daily returns are distributed with a variance of 4.0 and standard deviation of 2.0. The mean deviation of Bound and Beyond is currently at 1.39. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 2.00 | |
Ir | Information ratio | -0.04 |
Bound Stock Return Volatility
Bound historical daily return volatility represents how much of Bound stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 2.0002% 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 |
Bound Investment Opportunity
Bound and Beyond has a volatility of 2.0 and is 2.67 times more volatile than Dow Jones Industrial. 17 percent of all equities and portfolios are less risky than Bound. You can use Bound and Beyond to enhance the returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Bound to be traded at 10.68 in 90 days.Modest diversification
The correlation between Bound and Beyond and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bound and Beyond and DJI in the same portfolio, assuming nothing else is changed.
Bound Additional Risk Indicators
The analysis of Bound'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 Bound's investment and either accepting that risk or mitigating it. Along with some common measures of Bound 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 | 0.0301 | |||
| Market Risk Adjusted Performance | 0.098 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.33 | |||
| Downside Deviation | 1.6 | |||
| Coefficient Of Variation | 3191.0 | |||
| Standard Deviation | 1.99 |
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.
Bound 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 Bound 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. Bound'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, Bound'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 Bound and Beyond.
Complementary Tools for Bound Stock analysis
When running Bound's price analysis, check to measure Bound'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 Bound is operating at the current time. Most of Bound's value examination focuses on studying past and present price action to predict the probability of Bound's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bound's price. Additionally, you may evaluate how the addition of Bound to your portfolios can decrease your overall portfolio volatility.
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