CAZ Public (Thailand) Volatility
| CAZ Stock | THB 2.32 0.02 0.87% |
CAZ Public is out of control given 3 months investment horizon. CAZ Public secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of volatility over the last 3 months. We were able to analyze twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.69% are justified by taking the suggested risk. Use CAZ Public Mean Deviation of 1.25, market risk adjusted performance of 0.8679, and Variance of 3.79 to evaluate company specific risk that cannot be diversified away. Key indicators related to CAZ Public's volatility include:
180 Days Market Risk | Chance Of Distress | 180 Days Economic Sensitivity |
CAZ Public 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 CAZ daily returns, and it is calculated using variance and standard deviation. We also use CAZ's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CAZ Public volatility.
CAZ |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of CAZ Public at lower prices. For example, an investor can purchase CAZ 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 CAZ Stock
Moving against CAZ Stock
CAZ Public Market Sensitivity And Downside Risk
CAZ Public's beta coefficient measures the volatility of CAZ 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 CAZ stock's returns against your selected market. In other words, CAZ Public's beta of -0.37 provides an investor with an approximation of how much risk CAZ Public stock can potentially add to one of your existing portfolios. CAZ Public exhibits very low volatility with skewness of -1.49 and kurtosis of 6.48. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure CAZ Public'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 CAZ Public'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 CAZ Public Demand TrendCheck current 90 days CAZ Public correlation with market (Dow Jones Industrial)CAZ Beta |
CAZ 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 | 125.88 |
It is essential to understand the difference between upside risk (as represented by CAZ Public's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of CAZ Public's daily returns or price. Since the actual investment returns on holding a position in caz 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 CAZ Public.
CAZ Public Stock Volatility Analysis
Volatility refers to the frequency at which CAZ Public stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with CAZ Public's price changes. Investors will then calculate the volatility of CAZ Public'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 CAZ Public's volatility:
Historical Volatility
This type of stock volatility measures CAZ Public's fluctuations based on previous trends. It's commonly used to predict CAZ Public'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 CAZ Public'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 CAZ Public'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. CAZ Public 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.
CAZ Public Projected Return Density Against Market
Assuming the 90 days trading horizon CAZ Public has a beta of -0.3741 suggesting as returns on the benchmark increase, returns on holding CAZ Public are expected to decrease at a much lower rate. During a bear market, however, CAZ Public 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 CAZ Public or Industrials 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 CAZ Public'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 CAZ 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.
CAZ Public 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 CAZ Public 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.CAZ Public Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of CAZ Public is 919.44. The daily returns are distributed with a variance of 15845.16 and standard deviation of 125.88. The mean deviation of CAZ Public is currently at 30.82. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 125.88 | |
Ir | Information ratio | -0.23 |
CAZ Public Stock Return Volatility
CAZ Public historical daily return volatility represents how much of CAZ Public stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 125.8776% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7502% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About CAZ Public Volatility
Volatility is a rate at which the price of CAZ Public 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 CAZ Public may increase or decrease. In other words, similar to CAZ's beta indicator, it measures the risk of CAZ Public and helps estimate the fluctuations that may happen in a short period of time. So if prices of CAZ Public 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.CAZ Public Company Limited provides construction-related services to petrochemical plants, oil refinery projects, power plant projects, and infrastructure projects in Thailand. The company was incorporated in 2014 and is headquartered in Rayong, Thailand. CAZ PUBLIC operates under Engineering Construction classification in Thailand and is traded on Stock Exchange of Thailand.
CAZ Public'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 CAZ Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much CAZ Public's price varies over time.
3 ways to utilize CAZ Public's volatility to invest better
Higher CAZ Public's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of CAZ Public 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. CAZ Public 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 CAZ Public investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in CAZ Public'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 CAZ Public's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
CAZ Public Investment Opportunity
CAZ Public has a volatility of 125.88 and is 167.84 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than CAZ Public. You can use CAZ Public to enhance the returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of CAZ Public to be traded at 2.55 in 90 days.Good diversification
The correlation between CAZ Public and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CAZ Public and DJI in the same portfolio, assuming nothing else is changed.
CAZ Public Additional Risk Indicators
The analysis of CAZ Public'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 CAZ Public's investment and either accepting that risk or mitigating it. Along with some common measures of CAZ Public 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 | (0.12) | |||
| Market Risk Adjusted Performance | 0.8679 | |||
| Mean Deviation | 1.25 | |||
| Coefficient Of Variation | (625.98) | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.79 | |||
| Information Ratio | (0.23) |
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.
CAZ Public 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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| Alphabet vs. CAZ Public |
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 CAZ Public 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. CAZ Public'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, CAZ Public'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 CAZ Public.
Other Information on Investing in CAZ Stock
CAZ Public financial ratios help investors to determine whether CAZ 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 CAZ with respect to the benefits of owning CAZ Public security.