Dimand SA (Greece) Volatility
| DIMAND Stock | 13.25 0.05 0.38% |
Dimand SA appears to be very steady, given 3 months investment horizon. Dimand SA secures Sharpe Ratio (or Efficiency) of 0.35, which denotes the company had a 0.35 % return per unit of risk over the last 3 months. By reviewing Dimand SA's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Dimand SA's Coefficient Of Variation of 299.38, mean deviation of 1.09, and Downside Deviation of 1.27 to check if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.3465
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Estimated Market Risk
| 1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average Dimand SA is performing at about 27% 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 Dimand SA by adding it to a well-diversified portfolio.
Key indicators related to Dimand SA's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Dimand SA 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 Dimand daily returns, and it is calculated using variance and standard deviation. We also use Dimand's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Dimand SA volatility.
Dimand |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Dimand SA can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Dimand SA at lower prices to lower their average cost per share. Similarly, when the prices of Dimand SA's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Dimand SA's market risk premium analysis include:
Beta 0.28 | Alpha 0.5 | Risk 1.61 | Sharpe Ratio 0.35 | Expected Return 0.56 |
Moving together with Dimand Stock
| 0.81 | EEE | Coca Cola HBC | PairCorr |
| 0.94 | EUROB | Eurobank Ergasias | PairCorr |
| 0.91 | ETE | National Bank | PairCorr |
| 0.88 | ALPHA | Alpha Services | PairCorr |
| 0.93 | PPC | Public Power | PairCorr |
| 0.91 | TPEIR | Piraeus Financial | PairCorr |
| 0.87 | MOH | Motor Oil Corinth | PairCorr |
| 0.91 | TELL | Bank of Greece | PairCorr |
| 0.68 | SIDMA | Sidma SA Steel | PairCorr |
| 0.71 | ATRUST | Alpha Trust Mutual | PairCorr |
| 0.88 | ELPE | Hellenic Petroleum | PairCorr |
| 0.73 | SPACE | Space Hellas SA | PairCorr |
| 0.93 | AKTR | AKTR | PairCorr |
| 0.83 | MEVA | Mevaco SA | PairCorr |
| 0.78 | ORILINA | Orilina Properties REIC | PairCorr |
| 0.85 | KYLO | Loulis Mills SA | PairCorr |
| 0.7 | KORDE | Kordellos Ch Bros | PairCorr |
| 0.87 | VIO | Viohalco SA | PairCorr |
| 0.92 | ELHA | Elvalhalcor Hellenic | PairCorr |
| 0.78 | PROFK | Pipe Works L | PairCorr |
| 0.62 | PROF | Profile Systems Software | PairCorr |
| 0.8 | KRI | Kri Kri Milk | PairCorr |
| 0.92 | EKTER | Ekter SA | PairCorr |
Moving against Dimand Stock
| 0.84 | DAIOS | Daios Plastics SA | PairCorr |
| 0.7 | ATEK | Attica Publications | PairCorr |
| 0.68 | HTO | Hellenic Telecommunicatio | PairCorr |
Dimand SA Market Sensitivity And Downside Risk
Dimand SA's beta coefficient measures the volatility of Dimand 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 Dimand stock's returns against your selected market. In other words, Dimand SA's beta of 0.28 provides an investor with an approximation of how much risk Dimand SA stock can potentially add to one of your existing portfolios. Dimand SA has relatively low volatility with skewness of 1.41 and kurtosis of 5.63. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Dimand SA'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 Dimand SA'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 Dimand SA Demand TrendCheck current 90 days Dimand SA correlation with market (Dow Jones Industrial)Dimand SA Volatility and Downside Risk
Dimand 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.
Dimand SA Stock Volatility Analysis
Volatility refers to the frequency at which Dimand SA stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Dimand SA's price changes. Investors will then calculate the volatility of Dimand SA'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 Dimand SA's volatility:
Historical Volatility
This type of stock volatility measures Dimand SA's fluctuations based on previous trends. It's commonly used to predict Dimand SA'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 Dimand SA'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 Dimand SA'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. Dimand SA 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.
Dimand SA Projected Return Density Against Market
Assuming the 90 days trading horizon Dimand SA has a beta of 0.2843 suggesting as returns on the market go up, Dimand SA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dimand SA 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 Dimand SA or Dimand 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 Dimand SA'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 Dimand 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 Dimand SA 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.Dimand SA Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Dimand SA is 288.64. The daily returns are distributed with a variance of 2.61 and standard deviation of 1.61. The mean deviation of Dimand SA is currently at 1.13. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.81
α | Alpha over Dow Jones | 0.50 | |
β | Beta against Dow Jones | 0.28 | |
σ | Overall volatility | 1.61 | |
Ir | Information ratio | 0.29 |
Dimand SA Stock Return Volatility
Dimand SA historical daily return volatility represents how much of Dimand SA stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 1.6149% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.764% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
| 0.16 | 0.49 | 0.75 | 0.45 | 0.74 | 0.41 | ELTON | ||
| 0.16 | 0.22 | 0.12 | 0.1 | 0.14 | 0.03 | MTLN | ||
| 0.49 | 0.22 | 0.57 | 0.29 | 0.69 | 0.21 | PLAT | ||
| 0.75 | 0.12 | 0.57 | 0.37 | 0.65 | 0.49 | PROF | ||
| 0.45 | 0.1 | 0.29 | 0.37 | 0.6 | 0.79 | ASCO | ||
| 0.74 | 0.14 | 0.69 | 0.65 | 0.6 | 0.5 | OLYMP | ||
| 0.41 | 0.03 | 0.21 | 0.49 | 0.79 | 0.5 | GEBKA | ||
Risk-Adjusted Indicators
There is a big difference between Dimand Stock performing well and Dimand SA 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 Dimand SA's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELTON | 1.15 | (0.02) | (0.05) | (0.02) | 1.23 | 3.13 | 8.53 | |||
| MTLN | 1.64 | (0.18) | 0.00 | 0.29 | 0.00 | 3.69 | 19.98 | |||
| PLAT | 0.83 | 0.08 | 0.04 | 0.33 | 0.79 | 2.05 | 7.04 | |||
| PROF | 1.25 | 0.08 | 0.01 | (0.43) | 1.21 | 2.94 | 8.43 | |||
| ASCO | 0.92 | 0.00 | 0.04 | 0.00 | 1.01 | 1.76 | 5.50 | |||
| OLYMP | 1.10 | 0.06 | (0.02) | (0.13) | 1.17 | 2.63 | 5.72 | |||
| GEBKA | 1.41 | 0.20 | 0.08 | 0.69 | 1.52 | 3.52 | 9.19 |
About Dimand SA Volatility
Volatility is a rate at which the price of Dimand SA 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 Dimand SA may increase or decrease. In other words, similar to Dimand's beta indicator, it measures the risk of Dimand SA and helps estimate the fluctuations that may happen in a short period of time. So if prices of Dimand SA 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.3 ways to utilize Dimand SA's volatility to invest better
Higher Dimand SA's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Dimand SA 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. Dimand SA 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 Dimand SA investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Dimand SA'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 Dimand SA's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Dimand SA Investment Opportunity
Dimand SA has a volatility of 1.61 and is 2.12 times more volatile than Dow Jones Industrial. 14 percent of all equities and portfolios are less risky than Dimand SA. You can use Dimand SA to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend and little activity. Check odds of Dimand SA to be traded at 13.12 in 90 days.Very poor diversification
The correlation between Dimand SA and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimand SA and DJI in the same portfolio, assuming nothing else is changed.
Dimand SA Additional Risk Indicators
The analysis of Dimand SA'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 Dimand SA's investment and either accepting that risk or mitigating it. Along with some common measures of Dimand SA 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 | 0.2744 | |||
| Market Risk Adjusted Performance | 1.82 | |||
| Mean Deviation | 1.09 | |||
| Semi Deviation | 0.5671 | |||
| Downside Deviation | 1.27 | |||
| Coefficient Of Variation | 299.38 | |||
| Standard Deviation | 1.57 |
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.
Dimand SA 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 Dimand SA 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. Dimand SA'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, Dimand SA'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 Dimand SA.
Complementary Tools for Dimand Stock analysis
When running Dimand SA's price analysis, check to measure Dimand SA'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 Dimand SA is operating at the current time. Most of Dimand SA's value examination focuses on studying past and present price action to predict the probability of Dimand SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dimand SA's price. Additionally, you may evaluate how the addition of Dimand SA to your portfolios can decrease your overall portfolio volatility.
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