Cellnex Telecom SA Pink Sheet Volatility
| CLLNY Pink Sheet | USD 16.73 0.12 0.72% |
Sharpe Ratio = 0.0648
| Leading Returns | Top Quartile | |||
| Strong | ||||
| Moderate | ||||
| Modest | CLLNY | |||
| Cash | Low | Moderate | Elevated | High |
| Below Benchmark |
Cellnex Telecom SA reported a Market Risk Adjusted Performance of 0.3%, a Risk of 2.37, and a Risk Adjusted Performance of 0.1%. Monthly performance data shows the stock operating at about 5% of its measured historical range.
Key indicators related to Cellnex Telecom's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for Cellnex Telecom (3 Months):
Beta 0.59 | Alpha 0.14 | Risk 2.37 | Sharpe Ratio 0.0648 | Expected Return 0.15 |
Moving together with Cellnex Pink Sheet
| 0.93 | CLNXF | Cellnex Telecom SA Earnings Call This Week | PairCorr |
| 0.7 | VONOY | Vonovia SE ADR | PairCorr |
| 0.78 | UNP | Union Pacific | PairCorr |
| 0.62 | TECK | Teck Resources | PairCorr |
Sensitivity To Market
Cellnex Telecom beta coefficient measures the volatility of Cellnex pink sheet relative to the systematic risk of the broad market benchmark. A beta of 0.59 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 2.37%. Cellnex Telecom SA has shown noticeable price swings over the selected period. Downside deviation is about 2.67% and standard deviation is about 2.37%, which summarize how widely returns have moved. Volatility is commonly higher for smaller or less liquid equities due to wider spreads and thinner order books. For Cellnex Telecom, measured downside deviation describes the intensity of negative return periods.
3 Months Beta |Cellnex Telecom SA Demand TrendCurrent 90-day Cellnex Telecom correlation with market (Dow Jones Industrial)Downside Risk
Standard deviation measures how far Cellnex returns deviate from the historical mean and remains a primary indicator of total price volatility. A large standard deviation signals wide price swings; a small one signals relative stability. Tracking Cellnex standard deviation across time horizons shows whether volatility is expanding or contracting.
Standard Deviation | 2.37 |
It is essential to understand the difference between upside risk and downside risk for Cellnex Telecom. Total volatility includes favorable moves, while downside deviation isolates the loss risk in Cellnex Telecom's daily returns. Both total and downside risk metrics contribute to a thorough analysis of Cellnex Telecom. Cellnex Telecom SA reported a Downside Deviation of 2.67, a Downside Variance of 7.15, and a Maximum Drawdown of 14.05.
Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Cellnex Telecom pink sheet price increases or decreases within a specified period. It is generally measured from either the standard deviation or variance between returns from that same pink sheet. A pink sheet with high volatility produces outsized gains or losses compared to a low-volatility alternative.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of Cellnex Telecom SA's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Based on a 90-day horizon, Cellnex Telecom has a beta of 0.5906 suggesting as returns on the market go up, Cellnex Telecom's average returns tend to increase less than the benchmark. However, during a bear market, the loss from holding Cellnex Telecom SA tends to be smaller as well.Both systematic and unsystematic risks influence Cellnex Telecom. Market-wide movements drive the former, while company or sector-specific developments drive the latter. Beta estimates market responsiveness. Cellnex Telecom SA reported a Downside Deviation of 2.67, a Mean Deviation of 1.72, and a Semi Deviation of 2.46.
Predicted Return Distribution |
| Density |
What Drives Cellnex Telecom's Price Volatility?
Industry Dynamics
Regulatory updates, demand shifts, and competitive changes in the Real Estate sector can move Cellnex Telecom's volatility even when broad indices are stable.Political and Economic Environment
Rates, inflation expectations, and policy headlines can shift discount rates and risk appetite for Cellnex Telecom.Cellnex Telecom's Company-Specific Factors
Earnings surprises, guidance changes, management decisions, and litigation risk are common catalysts for sharp re-pricing in Cellnex Telecom's shares.Pink Sheet Risk Measures
Based on a 90-day horizon, the coefficient of variation of Cellnex Telecom is 1544.38. The daily returns are distributed with a variance of 5.61 and standard deviation of 2.37. The mean deviation of Cellnex Telecom SA is currently at 1.72. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.94
α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 2.37 | |
Ir | Information ratio | 0.06 |
Pink Sheet Return Volatility
Cellnex Telecom historical daily return volatility represents how much of Cellnex Telecom pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company reported 2.3693% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial reported 0.9502% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
Strong recent returns in Cellnex Pink Sheet do not always mean Cellnex Telecom Company is outperforming peers on business quality. Reviewing Cellnex Telecom's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNCTF | 1.08 | 0.38 | 0.16 | 1.64 | 0.44 | 3.70 | 15.37 | |||
| SWZCF | 1.37 | 0.12 | 0.03 | 0.49 | 1.61 | 4.10 | 9.41 | |||
| SCMWY | 1.01 | 0.20 | 0.17 | 1.54 | 1.01 | 2.12 | 9.18 | |||
| TLGPY | 0.87 | 0.27 | 0.26 | 0.79 | 0.68 | 2.02 | 4.73 | |||
| TTRAF | 0.70 | 0.19 | 0.00 | -6.41 | 0.00 | 1.10 | 16.84 | |||
| KSHTY | 3.73 | -0.70 | 0.00 | -0.42 | 0.00 | 7.22 | 29.87 | |||
| SNGNF | 0.91 | 0.06 | 0.01 | -0.15 | 1.53 | 3.45 | 17.68 | |||
| SGAPY | 1.13 | 0.07 | 0.05 | 2.22 | 1.32 | 2.38 | 7.24 | |||
| KUASF | 2.13 | -0.65 | 0.00 | 0.52 | 0.00 | 2.58 | 33.72 | |||
| BAIDF | 2.54 | -0.57 | 0.00 | 11.03 | 0.00 | 8.22 | 30.44 |
Risk Metrics, Assumptions & Methodology
Standard deviation for Cellnex Telecom measures how widely returns scatter around their average over a given period. Return scatter increases when new information or regime shifts widen the distribution of outcomes. Cellnex Telecom has a market cap of 28.93 B, P/E of 130.66, ROE of -3.18%.
Cellnex Telecom SA figures are aggregated from periodic company reporting and market reference feeds and normalized across reporting formats. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board
Cellnex Telecom Volatility Profile Summary
Recent data suggests that Cellnex Telecom SA is more volatile than Dow Jones Industrial by approximately 2.49x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 21% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Cellnex Telecom SA with characteristics aligned to broad market upside participation. This price-change note interprets the latest move in the context of short-horizon trading behavior. It gives extra weight to the size of the move, the quote level, and whether the instrument trades in a hype-prone venue. a moderate upward price movement. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Cellnex Telecom probability analysis.
Weak diversification
Across the chosen horizon, Cellnex Telecom and Dow Jones show a correlation of 0.43 and fall into the Weak diversification bucket. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
Cellnex Telecom Additional Risk Indicators
A broader risk-indicator set for Cellnex Telecom SA extends the analysis beyond standard volatility and risk measures. This is most informative when assessing whether the current opportunity is being compensated with reasonable risk.
| Risk Adjusted Performance | 0.0667 | |||
| Market Risk Adjusted Performance | 0.2528 | |||
| Mean Deviation | 1.72 | |||
| Semi Deviation | 2.46 | |||
| Downside Deviation | 2.67 | |||
| Coefficient Of Variation | 1544.38 | |||
| Standard Deviation | 2.37 |
Cellnex Telecom Suggested Diversification Pairs
Pair analysis provides a framework for evaluating relative performance between Cellnex Telecom SA and comparable securities. A disciplined pair structure still requires monitoring because correlation weakens when market regimes change.
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 Cellnex Telecom 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. Cellnex Telecom'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, Cellnex Telecom'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 Cellnex Telecom SA.
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