Enzo Biochem Volatility
| ENZDelisted Stock | USD 0.54 0.01 1.89% |
We have found twenty-nine technical indicators for Enzo Biochem, which you can use to evaluate the volatility of the firm. Please confirm Enzo Biochem's Coefficient Of Variation of 1554.3, downside deviation of 7.74, and Mean Deviation of 4.58 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
Sharpe Ratio = 0.0
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Based on monthly moving average Enzo Biochem 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 Enzo Biochem by adding Enzo Biochem to a well-diversified portfolio.
Key indicators related to Enzo Biochem's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Enzo Biochem 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 Enzo daily returns, and it is calculated using variance and standard deviation. We also use Enzo's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Enzo Biochem volatility.
Enzo |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Enzo Biochem can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Enzo Biochem at lower prices. For example, an investor can purchase Enzo stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Enzo Biochem's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns. Main indicators related to Enzo Biochem's market risk premium analysis include:
Beta 0.41 | Alpha 0.43 | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
Moving together with Enzo Stock
| 0.64 | GS | Goldman Sachs Group | PairCorr |
| 0.69 | NTZ | Natuzzi SpA | PairCorr |
| 0.65 | LAND | Gladstone Land | PairCorr |
| 0.67 | SLSR | Solaris Resources | PairCorr |
| 0.79 | TOGOF | TomaGold | PairCorr |
| 0.76 | CYD | China Yuchai Interna | PairCorr |
| 0.69 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.65 | CGECF | Cogeco Inc | PairCorr |
| 0.64 | USPH | US Physicalrapy | PairCorr |
Moving against Enzo Stock
| 0.79 | APVO | Aptevo Therapeutics | PairCorr |
| 0.74 | VLCN | Volcon Inc Symbol Change | PairCorr |
| 0.72 | TRNR | Interactive Strength | PairCorr |
| 0.71 | NIVF | NewGenIvf Group | PairCorr |
| 0.63 | AFIIQ | Armstrong Flooring | PairCorr |
| 0.52 | BRK-A | Berkshire Hathaway | PairCorr |
Enzo Biochem Market Sensitivity And Downside Risk
Enzo Biochem's beta coefficient measures the volatility of Enzo 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 Enzo stock's returns against your selected market. In other words, Enzo Biochem's beta of 0.41 provides an investor with an approximation of how much risk Enzo Biochem stock can potentially add to one of your existing portfolios. Enzo Biochem is displaying above-average volatility over the selected time horizon. Enzo Biochem is a potential penny stock. Although Enzo Biochem may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Enzo Biochem. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Enzo instrument if you perfectly time your entry and exit. However, remember that penny delisted stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Enzo Biochem Demand TrendCheck current 90 days Enzo Biochem correlation with market (Dow Jones Industrial)Enzo Biochem Volatility and Downside Risk
Enzo 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.
Enzo Biochem Stock Volatility Analysis
Volatility refers to the frequency at which Enzo Biochem delisted stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Enzo Biochem's price changes. Investors will then calculate the volatility of Enzo Biochem's stock to predict their future moves. A delisted 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 delisted 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 Enzo Biochem's volatility:
Historical Volatility
This type of delisted stock volatility measures Enzo Biochem's fluctuations based on previous trends. It's commonly used to predict Enzo Biochem'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 Enzo Biochem's current market price. This means that the delisted stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Enzo Biochem's to be redeemed at a future date.Transformation |
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Enzo Biochem Projected Return Density Against Market
Considering the 90-day investment horizon Enzo Biochem has a beta of 0.4143 suggesting as returns on the market go up, Enzo Biochem average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Enzo Biochem 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 Enzo Biochem or Health Care Providers & 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 Enzo Biochem'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 Enzo delisted 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 an Enzo Biochem Price Volatility?
Several factors can influence a delisted 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.Enzo Biochem Stock Return Volatility
Enzo Biochem historical daily return volatility represents how much of Enzo Biochem delisted stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company has volatility of 0.0% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7702% 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 Enzo Stock performing well and Enzo Biochem 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 Enzo Biochem'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CEMI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ME | 5.98 | (1.66) | 0.00 | 3.17 | 0.00 | 9.80 | 72.68 | |||
| TMDI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CSCI | 6.90 | 0.11 | 0.00 | 0.56 | 11.21 | 27.11 | 94.83 | |||
| ATON | 7.95 | (2.37) | 0.00 | 15.78 | 0.00 | 22.67 | 72.09 | |||
| KA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CFMS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NYMXF | 10.17 | 0.08 | 0.00 | 0.02 | 0.00 | 36.54 | 82.03 |
About Enzo Biochem Volatility
Volatility is a rate at which the price of Enzo Biochem 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 Enzo Biochem may increase or decrease. In other words, similar to Enzo's beta indicator, it measures the risk of Enzo Biochem and helps estimate the fluctuations that may happen in a short period of time. So if prices of Enzo Biochem 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.Enzo Biochem, Inc., an integrated diagnostics, clinical lab, and life sciences company, researches, develops, manufactures, and markets diagnostic and research products based on genetic engineering, biotechnology, and molecular biology. The company was founded in 1976 and is headquartered in Farmingdale, New York. Enzo Biochem operates under Diagnostics Research classification in the United States and is traded on New York Stock Exchange. It employs 465 people.
Enzo Biochem'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 Enzo Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Enzo Biochem's price varies over time.
3 ways to utilize Enzo Biochem's volatility to invest better
Higher Enzo Biochem's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Enzo Biochem 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. Enzo Biochem 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 Enzo Biochem investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Enzo Biochem'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 Enzo Biochem's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Enzo Biochem Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.77 and is 9.223372036854776E16 times more volatile than Enzo Biochem. 0 percent of all equities and portfolios are less risky than Enzo Biochem. You can use Enzo Biochem to enhance the returns of your portfolios. The stock experiences a large bullish trend. Check odds of Enzo Biochem to be traded at $0.594 in 90 days.Poor diversification
The correlation between Enzo Biochem and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enzo Biochem and DJI in the same portfolio, assuming nothing else is changed.
Enzo Biochem Additional Risk Indicators
The analysis of Enzo Biochem'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 Enzo Biochem's investment and either accepting that risk or mitigating it. Along with some common measures of Enzo Biochem 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 | 0.0608 | |||
| Market Risk Adjusted Performance | 1.11 | |||
| Mean Deviation | 4.58 | |||
| Semi Deviation | 5.76 | |||
| Downside Deviation | 7.74 | |||
| Coefficient Of Variation | 1554.3 | |||
| Standard Deviation | 7.24 |
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 delisted stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Enzo Biochem 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 Enzo Biochem 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. Enzo Biochem'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, Enzo Biochem'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 Enzo Biochem.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Enzo Stock
If you are still planning to invest in Enzo Biochem check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Enzo Biochem's history and understand the potential risks before investing.
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