Elen Spa Stock Volatility
| ELEAF Stock | USD 16.61 0.00 0.00% |
ELEn SpA appears to be somewhat reliable, given 3 months investment horizon. ELEn SpA secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13 % return per unit of return volatility over the last 3 months. By analyzing ELEn SpA's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize ELEn SpA's standard deviation of 4.02, and Mean Deviation of 0.9749 to check if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.126
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Based on monthly moving average ELEn SpA is performing at about 10% 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 ELEn SpA by adding it to a well-diversified portfolio.
Key indicators related to ELEn SpA's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
ELEn SpA OTC 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 ELEn daily returns, and it is calculated using variance and standard deviation. We also use ELEn's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ELEn SpA volatility.
ELEn |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as ELEn SpA 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 ELEn SpA at lower prices to lower their average cost per share. Similarly, when the prices of ELEn SpA's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to ELEn SpA's market risk premium analysis include:
Beta 0.75 | Alpha 0.42 | Risk 4.12 | Sharpe Ratio 0.13 | Expected Return 0.52 |
Moving together with ELEn OTC Stock
| 0.74 | SHG | Shinhan Financial Earnings Call Tomorrow | PairCorr |
| 0.62 | KB | KB Financial Group Earnings Call Today | PairCorr |
| 0.71 | WF | Woori Financial Group | PairCorr |
| 0.81 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.63 | MCD | McDonalds | PairCorr |
| 0.69 | CSCO | Cisco Systems Earnings Call Today | PairCorr |
| 0.92 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.65 | JNJ | Johnson Johnson | PairCorr |
| 0.63 | PFE | Pfizer Inc | PairCorr |
| 0.71 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
Moving against ELEn OTC Stock
| 0.73 | BSX | Boston Scientific Corp | PairCorr |
| 0.71 | EW | Edwards Lifesciences Corp Earnings Call Today | PairCorr |
| 0.56 | ABT | Abbott Laboratories | PairCorr |
| 0.38 | VFSWW | VinFast Auto | PairCorr |
ELEn SpA Market Sensitivity And Downside Risk
ELEn SpA's beta coefficient measures the volatility of ELEn otc 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 ELEn otc stock's returns against your selected market. In other words, ELEn SpA's beta of 0.75 provides an investor with an approximation of how much risk ELEn SpA otc stock can potentially add to one of your existing portfolios. ELEn SpA exhibits very low volatility with skewness of 8.12 and kurtosis of 66.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ELEn SpA's otc stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ELEn SpA's otc 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 ELEn SpA Demand TrendCheck current 90 days ELEn SpA correlation with market (Dow Jones Industrial)ELEn SpA Volatility and Downside Risk
ELEn 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.
ELEn SpA OTC Stock Volatility Analysis
Volatility refers to the frequency at which ELEn SpA otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ELEn SpA's price changes. Investors will then calculate the volatility of ELEn SpA's otc stock to predict their future moves. A otc that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A otc stock with relatively stable price changes has low volatility. A highly volatile otc 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 ELEn SpA's volatility:
Historical Volatility
This type of otc volatility measures ELEn SpA's fluctuations based on previous trends. It's commonly used to predict ELEn SpA's future behavior based on its past. However, it cannot conclusively determine the future direction of the otc stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for ELEn SpA's current market price. This means that the otc will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on ELEn SpA'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. ELEn SpA 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.
ELEn SpA Projected Return Density Against Market
Assuming the 90 days horizon ELEn SpA has a beta of 0.7464 suggesting as returns on the market go up, ELEn SpA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ELEn SpA 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 ELEn SpA or Healthcare 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 ELEn SpA's price will be affected by overall otc 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 ELEn otc'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 an ELEn SpA Price Volatility?
Several factors can influence a otc'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.ELEn SpA OTC Stock Risk Measures
Assuming the 90 days horizon the coefficient of variation of ELEn SpA is 793.73. The daily returns are distributed with a variance of 16.94 and standard deviation of 4.12. The mean deviation of ELEn SpA is currently at 1.02. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 4.12 | |
Ir | Information ratio | 0.1 |
ELEn SpA OTC Stock Return Volatility
ELEn SpA historical daily return volatility represents how much of ELEn SpA otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 4.1157% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.8099% 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 ELEn OTC Stock performing well and ELEn SpA OTC Stock 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 ELEn SpA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LFTSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SAFLF | 0.55 | 0.25 | 0.00 | 0.89 | 0.00 | 0.00 | 13.99 | |||
| TGRNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HGYMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMSZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FDMDF | 4.66 | 1.93 | 0.18 | (0.91) | 2.61 | 14.91 | 99.01 | |||
| ABSCF | 0.44 | 0.21 | 0.00 | 2.11 | 0.00 | 0.00 | 14.17 | |||
| FOGCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INRLF | 0.95 | 0.15 | 0.00 | (0.10) | 1.24 | 1.19 | 26.59 | |||
| ARRJF | 0.46 | (0.14) | 0.00 | (3.36) | 0.00 | 0.00 | 2.45 |
About ELEn SpA Volatility
Volatility is a rate at which the price of ELEn SpA 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 ELEn SpA may increase or decrease. In other words, similar to ELEn's beta indicator, it measures the risk of ELEn SpA and helps estimate the fluctuations that may happen in a short period of time. So if prices of ELEn SpA 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.S.p.A. engages in the research and development, manufacture, distribution, and sale of laser systems in Europe and internationally. The company was founded in 1981 and is headquartered in Calenzano, Italy. El En operates under Medical Devices classification in the United States and is traded on OTC Exchange.
ELEn SpA'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 ELEn OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much ELEn SpA's price varies over time.
3 ways to utilize ELEn SpA's volatility to invest better
Higher ELEn SpA's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of ELEn SpA 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. ELEn SpA 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 ELEn SpA investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in ELEn SpA'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 ELEn SpA's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
ELEn SpA Investment Opportunity
ELEn SpA has a volatility of 4.12 and is 5.09 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of ELEn SpA is lower than 36 percent of all global equities and portfolios over the last 90 days. You can use ELEn SpA to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of ELEn SpA to be traded at $16.44 in 90 days.Very weak diversification
The correlation between ELEn SpA and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ELEn SpA and DJI in the same portfolio, assuming nothing else is changed.
ELEn SpA Additional Risk Indicators
The analysis of ELEn SpA'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 ELEn SpA's investment and either accepting that risk or mitigating it. Along with some common measures of ELEn SpA otc 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 | 0.1067 | |||
| Market Risk Adjusted Performance | 0.6597 | |||
| Mean Deviation | 0.9749 | |||
| Coefficient Of Variation | 812.4 | |||
| Standard Deviation | 4.02 | |||
| Variance | 16.17 | |||
| Information Ratio | 0.0986 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential otc stocks, we recommend comparing similar otcs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
ELEn SpA 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 ELEn SpA 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. ELEn SpA'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, ELEn SpA'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 ELEn SpA.
Complementary Tools for ELEn OTC Stock analysis
When running ELEn SpA's price analysis, check to measure ELEn SpA'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 ELEn SpA is operating at the current time. Most of ELEn SpA's value examination focuses on studying past and present price action to predict the probability of ELEn SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ELEn SpA's price. Additionally, you may evaluate how the addition of ELEn SpA to your portfolios can decrease your overall portfolio volatility.
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