Comprehensive Healthcare Systems Stock Volatility
| CHS Stock | 0.76 0.03 3.80% |
Comprehensive Healthcare appears to be out of control, given 3 months investment horizon. Comprehensive Healthcare secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1 % return per unit of risk over the last 3 months. By analyzing Comprehensive Healthcare's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of Comprehensive Healthcare's Downside Deviation of 8.56, mean deviation of 3.76, and Risk Adjusted Performance of 0.0639 to double-check if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.1019
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.77 actual daily | 69 69% of assets are less volatile |
Expected Return
| 0.79 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Comprehensive Healthcare is performing at about 8% of its full potential. 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 Comprehensive Healthcare by adding it to a well-diversified portfolio.
Key indicators related to Comprehensive Healthcare's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Comprehensive Healthcare 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 Comprehensive daily returns, and it is calculated using variance and standard deviation. We also use Comprehensive's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Comprehensive Healthcare volatility.
Comprehensive |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Comprehensive Healthcare 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 Comprehensive Healthcare at lower prices. For example, an investor can purchase Comprehensive 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 Comprehensive Healthcare'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. Main indicators related to Comprehensive Healthcare's market risk premium analysis include:
Beta (1.63) | Alpha 0.64 | Risk 7.77 | Sharpe Ratio 0.1 | Expected Return 0.79 |
Moving together with Comprehensive Stock
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| 0.82 | SGU | Signature Resources | PairCorr |
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| 0.64 | DG | Dixie Gold | PairCorr |
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| 0.68 | DNG | Dynacor Gold Mines | PairCorr |
| 0.85 | MER | Meren Energy | PairCorr |
| 0.75 | BCE-PT | Bce Inc Pref | PairCorr |
| 0.78 | INO-UN | Inovalis Real Estate | PairCorr |
Moving against Comprehensive Stock
| 0.48 | ABBV | AbbVie CDR | PairCorr |
| 0.42 | UBER | Uber CDR Split | PairCorr |
| 0.4 | MTLO | Martello Technologies Earnings Call This Week | PairCorr |
| 0.39 | CSTR | CryptoStar Corp | PairCorr |
Comprehensive Healthcare Market Sensitivity And Downside Risk
Comprehensive Healthcare's beta coefficient measures the volatility of Comprehensive 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 Comprehensive stock's returns against your selected market. In other words, Comprehensive Healthcare's beta of -1.63 provides an investor with an approximation of how much risk Comprehensive Healthcare stock can potentially add to one of your existing portfolios. Comprehensive Healthcare Systems is displaying above-average volatility over the selected time horizon. Comprehensive Healthcare Systems is a potential penny stock. Although Comprehensive Healthcare may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Comprehensive Healthcare Systems. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Comprehensive instrument if you perfectly time your entry and exit. However, remember that penny stocks 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.
| α | 0.64 | β | -1.63 | Check current 90 days Comprehensive Healthcare correlation with market (Dow Jones Industrial)
Comprehensive Healthcare Volatility and Downside Risk
Comprehensive 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.
Comprehensive Healthcare Stock Volatility Analysis
Volatility refers to the frequency at which Comprehensive Healthcare stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Comprehensive Healthcare's price changes. Investors will then calculate the volatility of Comprehensive Healthcare'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 Comprehensive Healthcare's volatility:
Historical Volatility
This type of stock volatility measures Comprehensive Healthcare's fluctuations based on previous trends. It's commonly used to predict Comprehensive Healthcare'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 Comprehensive Healthcare'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 Comprehensive Healthcare'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. Comprehensive Healthcare 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.
Comprehensive Healthcare Projected Return Density Against Market
Assuming the 90 days horizon Comprehensive Healthcare Systems has a beta of -1.634 suggesting as returns on its benchmark rise, returns on holding Comprehensive Healthcare Systems are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Comprehensive Healthcare 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 Comprehensive Healthcare or Health Care Technology 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 Comprehensive Healthcare'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 Comprehensive 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.
Predicted Return Density |
| Returns |
What Drives a Comprehensive Healthcare 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 investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Comprehensive Healthcare Stock Risk Measures
Assuming the 90 days horizon the coefficient of variation of Comprehensive Healthcare is 981.66. The daily returns are distributed with a variance of 60.3 and standard deviation of 7.77. The mean deviation of Comprehensive Healthcare Systems is currently at 3.88. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.81
α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | -1.63 | |
σ | Overall volatility | 7.77 | |
Ir | Information ratio | 0.06 |
Comprehensive Healthcare Stock Return Volatility
Comprehensive Healthcare historical daily return volatility represents how much of Comprehensive Healthcare stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The venture shows 7.7651% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.807% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
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About Comprehensive Healthcare Volatility
Volatility is a rate at which the price of Comprehensive Healthcare 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 Comprehensive Healthcare may increase or decrease. In other words, similar to Comprehensive's beta indicator, it measures the risk of Comprehensive Healthcare and helps estimate the fluctuations that may happen in a short period of time. So if prices of Comprehensive Healthcare 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.| Last Reported | Projected for Next Year | ||
| Market Cap | 22.3 M | 21.2 M |
Comprehensive Healthcare'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 Comprehensive Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Comprehensive Healthcare's price varies over time.
3 ways to utilize Comprehensive Healthcare's volatility to invest better
Higher Comprehensive Healthcare's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Comprehensive Healthcare 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. Comprehensive Healthcare 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 Comprehensive Healthcare investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Comprehensive Healthcare'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 Comprehensive Healthcare's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Comprehensive Healthcare Investment Opportunity
Comprehensive Healthcare Systems has a volatility of 7.77 and is 9.59 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Comprehensive Healthcare Systems is higher than 69 percent of all global equities and portfolios over the last 90 days. You can use Comprehensive Healthcare Systems to protect your portfolios against small market fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Comprehensive Healthcare to be traded at 0.7296 in 90 days.Poor diversification
The correlation between Comprehensive Healthcare Syste and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comprehensive Healthcare Syste and DJI in the same portfolio, assuming nothing else is changed.
Comprehensive Healthcare Additional Risk Indicators
The analysis of Comprehensive Healthcare'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 Comprehensive Healthcare's investment and either accepting that risk or mitigating it. Along with some common measures of Comprehensive Healthcare 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 | 0.0639 | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 3.76 | |||
| Semi Deviation | 4.42 | |||
| Downside Deviation | 8.56 | |||
| Coefficient Of Variation | 1465.94 | |||
| Standard Deviation | 7.65 |
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.
Comprehensive Healthcare 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 Comprehensive Healthcare 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. Comprehensive Healthcare'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, Comprehensive Healthcare'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 Comprehensive Healthcare Systems.
Additional Tools for Comprehensive Stock Analysis
When running Comprehensive Healthcare's price analysis, check to measure Comprehensive Healthcare'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 Comprehensive Healthcare is operating at the current time. Most of Comprehensive Healthcare's value examination focuses on studying past and present price action to predict the probability of Comprehensive Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comprehensive Healthcare's price. Additionally, you may evaluate how the addition of Comprehensive Healthcare to your portfolios can decrease your overall portfolio volatility.