Click Holdings Limited Stock Volatility
| CLIK Stock | 3.33 0.10 2.92% |
Click Holdings secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19 % return per unit of risk over the last 3 months. Click Holdings Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Click Holdings' Mean Deviation of 3.86, standard deviation of 6.28, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide.
Sharpe Ratio = -0.1937
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| Negative Returns | CLIK |
Based on monthly moving average Click Holdings 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 Click Holdings by adding Click Holdings to a well-diversified portfolio.
Key indicators related to Click Holdings' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Click Holdings 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 Click daily returns, and it is calculated using variance and standard deviation. We also use Click's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Click Holdings volatility.
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Click Holdings at lower prices. For example, an investor can purchase Click 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. Main indicators related to Click Holdings' market risk premium analysis include:
Beta (1.45) | Alpha (0.85) | Risk 5.78 | Sharpe Ratio (0.19) | Expected Return (1.12) |
Moving together with Click Stock
| 0.61 | ADP | Automatic Data Processing | PairCorr |
| 0.85 | FVRR | Fiverr International Earnings Call This Week | PairCorr |
| 0.61 | GLXG | Galaxy Payroll Group | PairCorr |
| 0.88 | SEK | Seek | PairCorr |
| 0.63 | SDG | Synergie SE | PairCorr |
Moving against Click Stock
| 0.77 | OSU | STAFFLINE GROUP LS | PairCorr |
| 0.75 | JOB | GEE Group | PairCorr |
| 0.74 | STAF | Staffline Group Plc | PairCorr |
| 0.72 | KYSA | Kelly Services | PairCorr |
| 0.68 | HQI | Hirequest | PairCorr |
| 0.68 | MAN | ManpowerGroup | PairCorr |
| 0.67 | 4LU | GEE GROUP INC | PairCorr |
| 0.64 | MMS | Mcmillan Shakespeare | PairCorr |
| 0.52 | ROF | Kforce Inc | PairCorr |
| 0.37 | HIT | Hitech Group Australia | PairCorr |
Click Holdings Market Sensitivity And Downside Risk
Click Holdings' beta coefficient measures the volatility of Click 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 Click stock's returns against your selected market. In other words, Click Holdings's beta of -1.45 provides an investor with an approximation of how much risk Click Holdings stock can potentially add to one of your existing portfolios. Click Holdings Limited is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Click Holdings' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Click Holdings' 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 Click Holdings Demand TrendCheck current 90 days Click Holdings correlation with market (Dow Jones Industrial)Click Holdings Volatility and Downside Risk
Click 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.
Click Holdings Stock Volatility Analysis
Volatility refers to the frequency at which Click Holdings stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Click Holdings' price changes. Investors will then calculate the volatility of Click Holdings' 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 Click Holdings' volatility:
Historical Volatility
This type of stock volatility measures Click Holdings' fluctuations based on previous trends. It's commonly used to predict Click Holdings' 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 Click Holdings' 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 Click Holdings' 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. Click Holdings 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.
Click Holdings Projected Return Density Against Market
Given the investment horizon of 90 days Click Holdings Limited has a beta of -1.4485 suggesting as returns on its benchmark rise, returns on holding Click Holdings Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Click Holdings 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 Click Holdings or Professional Services 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 Click Holdings' 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 Click 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 |
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What Drives a Click Holdings 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.Click Holdings Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Click Holdings is -516.34. The daily returns are distributed with a variance of 33.46 and standard deviation of 5.78. The mean deviation of Click Holdings Limited is currently at 3.41. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.79
α | Alpha over Dow Jones | -0.85 | |
β | Beta against Dow Jones | -1.45 | |
σ | Overall volatility | 5.78 | |
Ir | Information ratio | -0.15 |
Click Holdings Stock Return Volatility
Click Holdings historical daily return volatility represents how much of Click Holdings stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 5.7847% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7573% 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 Click Stock performing well and Click Holdings 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 Click Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKYI | 4.32 | (0.41) | 0.00 | (2.10) | 0.00 | 9.26 | 43.12 | |||
| ATXG | 3.71 | (0.16) | 0.00 | (0.29) | 0.00 | 6.82 | 39.61 | |||
| IPDN | 4.43 | (0.24) | 0.00 | (2.57) | 0.00 | 8.33 | 28.74 | |||
| SUNE | 5.70 | 0.85 | 0.19 | 0.31 | 4.41 | 18.52 | 55.04 | |||
| XPON | 3.84 | (0.79) | 0.00 | (0.26) | 0.00 | 8.43 | 28.87 | |||
| UGRO | 5.69 | (0.97) | 0.00 | (0.52) | 0.00 | 12.24 | 55.24 | |||
| BAER | 3.51 | 0.55 | 0.16 | 0.68 | 2.81 | 10.84 | 22.79 | |||
| DFSC | 4.17 | (0.83) | 0.00 | (0.26) | 0.00 | 9.38 | 35.87 | |||
| RVSN | 6.01 | (0.64) | 0.00 | (0.26) | 0.00 | 11.69 | 48.25 | |||
| CIGL | 5.82 | (0.45) | 0.00 | (0.07) | 0.00 | 14.55 | 45.73 |
About Click Holdings Volatility
Volatility is a rate at which the price of Click Holdings 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 Click Holdings may increase or decrease. In other words, similar to Click's beta indicator, it measures the risk of Click Holdings and helps estimate the fluctuations that may happen in a short period of time. So if prices of Click Holdings 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 | ||
| Selling And Marketing Expenses | 39.5 K | 31.6 K |
Click Holdings' 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 Click Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Click Holdings' price varies over time.
3 ways to utilize Click Holdings' volatility to invest better
Higher Click Holdings' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Click Holdings 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. Click Holdings 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 Click Holdings investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Click Holdings' 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 Click Holdings' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Click Holdings Investment Opportunity
Click Holdings Limited has a volatility of 5.78 and is 7.61 times more volatile than Dow Jones Industrial. 51 percent of all equities and portfolios are less risky than Click Holdings. You can use Click Holdings Limited 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 Click Holdings to be traded at 3.2 in 90 days.Pay attention - limited upside
The correlation between Click Holdings Limited and DJI is -0.85 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Click Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.
Click Holdings Additional Risk Indicators
The analysis of Click Holdings' 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 Click Holdings' investment and either accepting that risk or mitigating it. Along with some common measures of Click Holdings 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 | (0.11) | |||
| Market Risk Adjusted Performance | 0.6413 | |||
| Mean Deviation | 3.86 | |||
| Coefficient Of Variation | (694.12) | |||
| Standard Deviation | 6.28 | |||
| Variance | 39.41 | |||
| Information Ratio | (0.15) |
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.
Click Holdings 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 Click Holdings 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. Click Holdings' 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, Click Holdings' 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 Click Holdings Limited.
When determining whether Click Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Click Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Click Holdings Limited Stock. Highlighted below are key reports to facilitate an investment decision about Click Holdings Limited Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Click Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Human Resource & Employment Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Click Holdings. Projected growth potential of Click fundamentally drives upward valuation adjustments. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Click Holdings assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.04 | Earnings Share (48.17) | Revenue Per Share | Quarterly Revenue Growth 0.677 |
Click Holdings's market price often diverges from its book value, the accounting figure shown on Click's balance sheet. Smart investors calculate Click Holdings' intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Since Click Holdings' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Click Holdings' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Click Holdings should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Click Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.