Bourque Indts Stock Volatility
Bourque Indts secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of risk over the last 3 months. Bourque Indts exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement.
Sharpe Ratio = -0.128
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Based on monthly moving average Bourque Indts is not performing at its full potential. However, 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 Bourque Indts by adding Bourque Indts to a well-diversified portfolio.
Key indicators related to Bourque Indts' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Bourque Indts 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 Bourque daily returns, and it is calculated using variance and standard deviation. We also use Bourque's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Bourque Indts volatility.
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Bourque Indts Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Bourque Indts pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Bourque Indts' price changes. Investors will then calculate the volatility of Bourque Indts' 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 Bourque Indts' volatility:
Historical Volatility
This type of pink sheet volatility measures Bourque Indts' fluctuations based on previous trends. It's commonly used to predict Bourque Indts' 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 Bourque Indts' 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 Bourque Indts' 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. Bourque Indts 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.
Bourque Indts Projected Return Density Against Market
Given the investment horizon of 90 days Bourque Indts has a beta that is very close to zero suggesting the returns on DOW JONES INDUSTRIAL and Bourque Indts do not appear to be very sensitive.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 Bourque Indts 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 Bourque Indts' 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 Bourque 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.
It does not look like Bourque Indts' alpha can have any bearing on the current valuation. Predicted Return Density |
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What Drives a Bourque Indts 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 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.Bourque Indts Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Bourque Indts is -781.02. The daily returns are distributed with a variance of 163.93 and standard deviation of 12.8. The mean deviation of Bourque Indts is currently at 3.22. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 12.80 | |
Ir | Information ratio | 0.00 |
Bourque Indts Pink Sheet Return Volatility
Bourque Indts historical daily return volatility represents how much of Bourque Indts 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 0.7322% 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 Bourque Pink Sheet performing well and Bourque Indts 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 Bourque Indts' 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 | ||
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| IPMG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGMD | 27.40 | 9.64 | 0.16 | (12.76) | 19.08 | 100.00 | 266.67 | |||
| UPCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PRZFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IMAHF | 9.01 | 3.04 | 0.00 | (0.54) | 0.00 | 0.00 | 75.00 | |||
| HHSRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BKMM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GELV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RKTE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FRMA | 15.46 | 7.57 | 0.00 | (2.72) | 0.00 | 0.00 | 520.00 |
About Bourque Indts Volatility
Volatility is a rate at which the price of Bourque Indts 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 Bourque Indts may increase or decrease. In other words, similar to Bourque's beta indicator, it measures the risk of Bourque Indts and helps estimate the fluctuations that may happen in a short period of time. So if prices of Bourque Indts 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.Bourque Industries, Inc. develops carbon nanotube metal matrix composite materials. Its products are used in various industries, including ballistic armor, electrical, aviation, automotive, mining, medical devices, agriculture and heavy equipment, consumer electronics, and others. Bourque Industries operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Bourque Indts' 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 Bourque Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Bourque Indts' price varies over time.
3 ways to utilize Bourque Indts' volatility to invest better
Higher Bourque Indts' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Bourque Indts 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. Bourque Indts 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 Bourque Indts investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Bourque Indts' 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 Bourque Indts' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Bourque Indts Investment Opportunity
Bourque Indts has a volatility of 12.8 and is 17.53 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Bourque Indts. You can use Bourque Indts to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Bourque Indts to be traded at $0.0 in 90 days.Very good diversification
The correlation between Bourque Indts and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bourque Indts and DJI in the same portfolio, assuming nothing else is changed.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Bourque Indts 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 Bourque Indts 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. Bourque Indts' 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, Bourque Indts' 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 Bourque Indts.
Other Information on Investing in Bourque Pink Sheet
Bourque Indts financial ratios help investors to determine whether Bourque Pink Sheet 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 Bourque with respect to the benefits of owning Bourque Indts security.