Carnegie Development Stock Volatility
| CDJM Stock | USD 0.0001 0.00 0.00% |
Carnegie Development 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. Carnegie Development exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carnegie Development's Mean Deviation of 2.98, risk adjusted performance of (0.08), and Standard Deviation of 12.29 to double-check the risk estimate we provide. Key indicators related to Carnegie Development's volatility include:
360 Days Market Risk | Chance Of Distress | 360 Days Economic Sensitivity |
Carnegie Development 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 Carnegie daily returns, and it is calculated using variance and standard deviation. We also use Carnegie's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Carnegie Development volatility.
Carnegie |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Carnegie Development can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Carnegie Development at lower prices. For example, an investor can purchase Carnegie stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Carnegie Development's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving against Carnegie Pink Sheet
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | MITSY | Mitsui Company | PairCorr |
| 0.69 | CTPCY | Citic Ltd ADR | PairCorr |
| 0.69 | KB | KB Financial Group | PairCorr |
| 0.67 | MITSF | Mitsui Co | PairCorr |
| 0.67 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.61 | ITOCY | Itochu Corp ADR | PairCorr |
| 0.59 | MMM | 3M Company | PairCorr |
| 0.46 | ITOCF | ITOCHU | PairCorr |
Carnegie Development Market Sensitivity And Downside Risk
Carnegie Development's beta coefficient measures the volatility of Carnegie pink sheet 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 Carnegie pink sheet's returns against your selected market. In other words, Carnegie Development's beta of -1.87 provides an investor with an approximation of how much risk Carnegie Development pink sheet can potentially add to one of your existing portfolios. Carnegie Development is displaying above-average volatility over the selected time horizon. Carnegie Development appears to be a penny stock. Although Carnegie Development may be, in fact, a solid short-term or long term investment, many penny pink sheets are speculative investment instruments that are often subject to artificial stock promotion and campaigns of hype which may lead to misinformation and misrepresentation. Please make sure you fully understand upside potential and downside risks of investing in Carnegie Development or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswing without any event/news,and sudden news releases. We also encourage traders to check biographies and work history of company President, CEO or other officers before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Carnegie instrument if you perfectly time your entry and exit. However, remember that penny pink sheets 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 Carnegie Development Demand TrendCheck current 90 days Carnegie Development correlation with market (Dow Jones Industrial)Carnegie Beta |
Carnegie 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 | 12.58 |
It is essential to understand the difference between upside risk (as represented by Carnegie Development's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Carnegie Development's daily returns or price. Since the actual investment returns on holding a position in carnegie pink sheet 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 Carnegie Development.
Carnegie Development Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Carnegie Development pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Carnegie Development's price changes. Investors will then calculate the volatility of Carnegie Development's 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 Carnegie Development's volatility:
Historical Volatility
This type of pink sheet volatility measures Carnegie Development's fluctuations based on previous trends. It's commonly used to predict Carnegie Development's 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 Carnegie Development's 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 Carnegie Development'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. The Median Price line plots median indexes of Carnegie Development price series.
Carnegie Development Projected Return Density Against Market
Given the investment horizon of 90 days Carnegie Development has a beta of -1.8668 suggesting as returns on its benchmark rise, returns on holding Carnegie Development are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Carnegie Development is expected to outperform its benchmark.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 Carnegie Development 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 Carnegie Development's 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 Carnegie 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.
Carnegie Development 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 Carnegie Development 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.Carnegie Development Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Carnegie Development is -793.73. The daily returns are distributed with a variance of 158.23 and standard deviation of 12.58. The mean deviation of Carnegie Development is currently at 3.12. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.7
α | Alpha over Dow Jones | -1.39 | |
β | Beta against Dow Jones | -1.87 | |
σ | Overall volatility | 12.58 | |
Ir | Information ratio | -0.13 |
Carnegie Development Pink Sheet Return Volatility
Carnegie Development historical daily return volatility represents how much of Carnegie Development pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 12.5788% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7121% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Carnegie Development Volatility
Volatility is a rate at which the price of Carnegie Development 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 Carnegie Development may increase or decrease. In other words, similar to Carnegie's beta indicator, it measures the risk of Carnegie Development and helps estimate the fluctuations that may happen in a short period of time. So if prices of Carnegie Development 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.Carnegie Development, Inc. engages in the land acquisitions for real estate development. The company was formerly known as Escue Energy, Inc. and changed its name to Carnegie Development, Inc. in July 2019. Carnegie Dev operates under Conglomerates classification in the United States and is traded on OTC Exchange. It employs 3 people.
Carnegie Development'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 Carnegie Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Carnegie Development's price varies over time.
3 ways to utilize Carnegie Development's volatility to invest better
Higher Carnegie Development's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Carnegie Development 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. Carnegie Development 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 Carnegie Development investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Carnegie Development'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 Carnegie Development's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Carnegie Development Investment Opportunity
Carnegie Development has a volatility of 12.58 and is 17.72 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Carnegie Development is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Carnegie Development to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Carnegie Development to be traded at $1.0E-4 in 90 days.Good diversification
The correlation between Carnegie Development and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carnegie Development and DJI in the same portfolio, assuming nothing else is changed.
Carnegie Development Additional Risk Indicators
The analysis of Carnegie Development'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 Carnegie Development's investment and either accepting that risk or mitigating it. Along with some common measures of Carnegie Development pink sheet'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 | (0.08) | |||
| Market Risk Adjusted Performance | 0.8257 | |||
| Mean Deviation | 2.98 | |||
| Coefficient Of Variation | (812.40) | |||
| Standard Deviation | 12.29 | |||
| Variance | 151.03 | |||
| Information Ratio | (0.13) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Carnegie Development 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 Carnegie Development 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. Carnegie Development'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, Carnegie Development'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 Carnegie Development.
Other Information on Investing in Carnegie Pink Sheet
Carnegie Development financial ratios help investors to determine whether Carnegie 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 Carnegie with respect to the benefits of owning Carnegie Development security.