Cimentas Izmir (Turkey) Volatility
| CMENT Stock | TRY 429.50 0.25 0.06% |
Cimentas Izmir is very steady at the moment. Cimentas Izmir Cimento secures Sharpe Ratio (or Efficiency) of 0.021, which signifies that the company had a 0.021% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Cimentas Izmir Cimento, which you can use to evaluate the volatility of the firm. Please confirm Cimentas Izmir's Standard Deviation of 3.76, risk adjusted performance of 0.0068, and Mean Deviation of 2.75 to double-check if the risk estimate we provide is consistent with the expected return of 0.0727%. Key indicators related to Cimentas Izmir's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Cimentas Izmir 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 Cimentas daily returns, and it is calculated using variance and standard deviation. We also use Cimentas's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Cimentas Izmir volatility.
Cimentas |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Cimentas Izmir at lower prices. For example, an investor can purchase Cimentas 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 Cimentas Stock
| 0.68 | SASA | SASA Polyester Sanayi | PairCorr |
| 0.74 | THYAO | Turkish Airlines | PairCorr |
| 0.72 | KCHOL | Koc Holding AS | PairCorr |
Cimentas Izmir Market Sensitivity And Downside Risk
Cimentas Izmir's beta coefficient measures the volatility of Cimentas 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 Cimentas stock's returns against your selected market. In other words, Cimentas Izmir's beta of 0.12 provides an investor with an approximation of how much risk Cimentas Izmir stock can potentially add to one of your existing portfolios. Cimentas Izmir Cimento exhibits very low volatility with skewness of 0.87 and kurtosis of 1.07. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cimentas Izmir'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 Cimentas Izmir'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 Cimentas Izmir Cimento Demand TrendCheck current 90 days Cimentas Izmir correlation with market (Dow Jones Industrial)Cimentas Beta |
Cimentas 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 | 3.46 |
It is essential to understand the difference between upside risk (as represented by Cimentas Izmir's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Cimentas Izmir's daily returns or price. Since the actual investment returns on holding a position in cimentas 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 Cimentas Izmir.
Cimentas Izmir Cimento Stock Volatility Analysis
Volatility refers to the frequency at which Cimentas Izmir stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Cimentas Izmir's price changes. Investors will then calculate the volatility of Cimentas Izmir'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 Cimentas Izmir's volatility:
Historical Volatility
This type of stock volatility measures Cimentas Izmir's fluctuations based on previous trends. It's commonly used to predict Cimentas Izmir'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 Cimentas Izmir'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 Cimentas Izmir'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. Cimentas Izmir Cimento 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.
Cimentas Izmir Projected Return Density Against Market
Assuming the 90 days trading horizon Cimentas Izmir has a beta of 0.1248 suggesting as returns on the market go up, Cimentas Izmir average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cimentas Izmir Cimento will be expected to be much smaller as well.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 Cimentas Izmir or Construction Materials 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 Cimentas Izmir'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 Cimentas 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.
Cimentas Izmir Cimento 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 Cimentas Izmir 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.Cimentas Izmir Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Cimentas Izmir is 4758.93. The daily returns are distributed with a variance of 11.98 and standard deviation of 3.46. The mean deviation of Cimentas Izmir Cimento is currently at 2.49. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 3.46 | |
Ir | Information ratio | -0.04 |
Cimentas Izmir Stock Return Volatility
Cimentas Izmir historical daily return volatility represents how much of Cimentas Izmir stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm accepts 3.461% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7736% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Cimentas Izmir Volatility
Volatility is a rate at which the price of Cimentas Izmir 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 Cimentas Izmir may increase or decrease. In other words, similar to Cimentas's beta indicator, it measures the risk of Cimentas Izmir and helps estimate the fluctuations that may happen in a short period of time. So if prices of Cimentas Izmir 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.imentas Izmir imento Fabrikasi Trk A.S., together with its subsidiaries, produces and sells cement in Turkey and internationally. imentas Izmir imento Fabrikasi Trk A.S. is a subsidiary of Aalborg Portland Espaa S.L. CIMENTAS is traded on Istanbul Stock Exchange in Turkey.
Cimentas Izmir'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 Cimentas Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Cimentas Izmir's price varies over time.
3 ways to utilize Cimentas Izmir's volatility to invest better
Higher Cimentas Izmir's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Cimentas Izmir Cimento 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. Cimentas Izmir Cimento 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 Cimentas Izmir Cimento investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Cimentas Izmir'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 Cimentas Izmir's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Cimentas Izmir Investment Opportunity
Cimentas Izmir Cimento has a volatility of 3.46 and is 4.49 times more volatile than Dow Jones Industrial. 30 percent of all equities and portfolios are less risky than Cimentas Izmir. You can use Cimentas Izmir Cimento to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend and little activity. Check odds of Cimentas Izmir to be traded at 425.21 in 90 days.Significant diversification
The correlation between Cimentas Izmir Cimento and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cimentas Izmir Cimento and DJI in the same portfolio, assuming nothing else is changed.
Cimentas Izmir Additional Risk Indicators
The analysis of Cimentas Izmir'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 Cimentas Izmir's investment and either accepting that risk or mitigating it. Along with some common measures of Cimentas Izmir 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 | 0.0068 | |||
| Market Risk Adjusted Performance | (0.12) | |||
| Mean Deviation | 2.75 | |||
| Coefficient Of Variation | (65,794) | |||
| Standard Deviation | 3.76 | |||
| Variance | 14.12 | |||
| Information Ratio | (0.04) |
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.
Cimentas Izmir 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 Cimentas Izmir 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. Cimentas Izmir'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, Cimentas Izmir'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 Cimentas Izmir Cimento.
Complementary Tools for Cimentas Stock analysis
When running Cimentas Izmir's price analysis, check to measure Cimentas Izmir'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 Cimentas Izmir is operating at the current time. Most of Cimentas Izmir's value examination focuses on studying past and present price action to predict the probability of Cimentas Izmir's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cimentas Izmir's price. Additionally, you may evaluate how the addition of Cimentas Izmir to your portfolios can decrease your overall portfolio volatility.
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