Eastern Star (Thailand) Volatility
| ESTAR Stock | THB 0.23 0.01 4.17% |
Eastern Star is out of control given 3 months investment horizon. Eastern Star Real secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.39% are justified by taking the suggested risk. Use Eastern Star Coefficient Of Variation of 1542.36, downside deviation of 4.42, and Mean Deviation of 1.7 to evaluate company specific risk that cannot be diversified away. Key indicators related to Eastern Star's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Eastern Star 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 Eastern daily returns, and it is calculated using variance and standard deviation. We also use Eastern's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Eastern Star volatility.
Eastern |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Eastern Star 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 Eastern Star at lower prices to lower their average cost per share. Similarly, when the prices of Eastern Star's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Eastern Stock
Eastern Star Market Sensitivity And Downside Risk
Eastern Star's beta coefficient measures the volatility of Eastern 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 Eastern stock's returns against your selected market. In other words, Eastern Star's beta of 0.23 provides an investor with an approximation of how much risk Eastern Star stock can potentially add to one of your existing portfolios. Eastern Star Real shows above-average downside volatility for the selected time horizon. Eastern Star Real is a potential penny stock. Although Eastern Star 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 Eastern Star Real. 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 Eastern instrument if you perfectly time your entry and exit. However, remember that penny 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 Eastern Star Real Demand TrendCheck current 90 days Eastern Star correlation with market (Dow Jones Industrial)Eastern Beta |
Eastern 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 | 126.83 |
It is essential to understand the difference between upside risk (as represented by Eastern Star's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Eastern Star's daily returns or price. Since the actual investment returns on holding a position in eastern 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 Eastern Star.
Eastern Star Real Stock Volatility Analysis
Volatility refers to the frequency at which Eastern Star stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Eastern Star's price changes. Investors will then calculate the volatility of Eastern Star'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 Eastern Star's volatility:
Historical Volatility
This type of stock volatility measures Eastern Star's fluctuations based on previous trends. It's commonly used to predict Eastern Star'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 Eastern Star'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 Eastern Star'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. Eastern Star Real 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.
Eastern Star Projected Return Density Against Market
Assuming the 90 days trading horizon Eastern Star has a beta of 0.2339 suggesting as returns on the market go up, Eastern Star average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eastern Star Real 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 Eastern Star or Real Estate Management & Development 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 Eastern Star'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 Eastern 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.
Eastern Star Real has an alpha of 0.145, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Eastern Star 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.Eastern Star Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Eastern Star is 881.44. The daily returns are distributed with a variance of 16086.72 and standard deviation of 126.83. The mean deviation of Eastern Star Real is currently at 31.29. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 126.83 | |
Ir | Information ratio | 0.03 |
Eastern Star Stock Return Volatility
Eastern Star historical daily return volatility represents how much of Eastern Star stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 126.8334% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7685% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Eastern Star Volatility
Volatility is a rate at which the price of Eastern Star 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 Eastern Star may increase or decrease. In other words, similar to Eastern's beta indicator, it measures the risk of Eastern Star and helps estimate the fluctuations that may happen in a short period of time. So if prices of Eastern Star 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.Eastern Star Real Estate Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand. It also operates golf courses, as well as offers sport memberships. EASTERN STAR operates under Real Estate - General classification in Thailand and is traded on Stock Exchange of Thailand.
Eastern Star'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 Eastern Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Eastern Star's price varies over time.
3 ways to utilize Eastern Star's volatility to invest better
Higher Eastern Star's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Eastern Star Real 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. Eastern Star Real 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 Eastern Star Real investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Eastern Star'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 Eastern Star's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Eastern Star Investment Opportunity
Eastern Star Real has a volatility of 126.83 and is 164.71 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Eastern Star. You can use Eastern Star Real to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Eastern Star to be traded at 0.2185 in 90 days.Significant diversification
The correlation between Eastern Star Real and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eastern Star Real and DJI in the same portfolio, assuming nothing else is changed.
Eastern Star Additional Risk Indicators
The analysis of Eastern Star'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 Eastern Star's investment and either accepting that risk or mitigating it. Along with some common measures of Eastern Star 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 | 0.0567 | |||
| Market Risk Adjusted Performance | 0.7296 | |||
| Mean Deviation | 1.7 | |||
| Semi Deviation | 1.87 | |||
| Downside Deviation | 4.42 | |||
| Coefficient Of Variation | 1542.36 | |||
| Standard Deviation | 2.75 |
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.
Eastern Star 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 Eastern Star 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. Eastern Star'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, Eastern Star'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 Eastern Star Real.
Complementary Tools for Eastern Stock analysis
When running Eastern Star's price analysis, check to measure Eastern Star'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 Eastern Star is operating at the current time. Most of Eastern Star's value examination focuses on studying past and present price action to predict the probability of Eastern Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Star's price. Additionally, you may evaluate how the addition of Eastern Star to your portfolios can decrease your overall portfolio volatility.
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