Entourage Health Corp Stock Volatility
| ETRGF Stock | USD 0 0 42.65% |
Entourage Health appears to be out of control, given 3 months investment horizon. Entourage Health Corp secures Sharpe Ratio (or Efficiency) of 0.0112, which denotes the company had a 0.0112% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Entourage Health Corp, which you can use to evaluate the volatility of the firm. Please utilize Entourage Health's Coefficient Of Variation of 15056.82, mean deviation of 10.36, and Downside Deviation of 14.13 to check if our risk estimates are consistent with your expectations. Key indicators related to Entourage Health's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Entourage Health Pink Sheet 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 Entourage daily returns, and it is calculated using variance and standard deviation. We also use Entourage's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Entourage Health volatility.
Entourage |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Entourage Health 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 Entourage Health at lower prices to lower their average cost per share. Similarly, when the prices of Entourage Health's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Entourage Pink Sheet
| 0.79 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.78 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.69 | HLN | Haleon plc | PairCorr |
| 0.8 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.69 | HLNCF | Haleon plc | PairCorr |
Moving against Entourage Pink Sheet
Entourage Health Market Sensitivity And Downside Risk
Entourage Health's beta coefficient measures the volatility of Entourage pink sheet 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 Entourage pink sheet's returns against your selected market. In other words, Entourage Health's beta of 1.15 provides an investor with an approximation of how much risk Entourage Health pink sheet can potentially add to one of your existing portfolios. Entourage Health Corp is showing large volatility of returns over the selected time horizon. Entourage Health Corp is a penny stock. Even though Entourage Health may be a good instrument to invest, many penny pink sheets are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Entourage Health Corp or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Entourage instrument if you perfectly time your entry and exit. However, remember that penny pink sheets 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 Entourage Health Corp Demand TrendCheck current 90 days Entourage Health correlation with market (Dow Jones Industrial)Entourage Beta |
Entourage 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 | 17.69 |
It is essential to understand the difference between upside risk (as represented by Entourage Health's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Entourage Health's daily returns or price. Since the actual investment returns on holding a position in entourage pink sheet 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 Entourage Health.
Entourage Health Corp Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Entourage Health pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Entourage Health's price changes. Investors will then calculate the volatility of Entourage Health's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet 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 Entourage Health's volatility:
Historical Volatility
This type of pink sheet volatility measures Entourage Health's fluctuations based on previous trends. It's commonly used to predict Entourage Health's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Entourage Health's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Entourage Health'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. Entourage Health Corp 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.
Entourage Health Projected Return Density Against Market
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.1487 suggesting Entourage Health Corp market returns are reactive to returns on the market. As the market goes up or down, Entourage Health is expected to follow.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 Entourage Health 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 Entourage Health's price will be affected by overall pink sheet 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 Entourage pink sheet'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.
Entourage Health Corp 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 an Entourage Health Price Volatility?
Several factors can influence a pink sheet'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.Entourage Health Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Entourage Health is 8954.22. The daily returns are distributed with a variance of 312.88 and standard deviation of 17.69. The mean deviation of Entourage Health Corp is currently at 10.58. 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 | 1.15 | |
σ | Overall volatility | 17.69 | |
Ir | Information ratio | -0.0008 |
Entourage Health Pink Sheet Return Volatility
Entourage Health historical daily return volatility represents how much of Entourage Health pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 17.6883% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7796% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Entourage Health Volatility
Volatility is a rate at which the price of Entourage Health 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 Entourage Health may increase or decrease. In other words, similar to Entourage's beta indicator, it measures the risk of Entourage Health and helps estimate the fluctuations that may happen in a short period of time. So if prices of Entourage Health 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.Entourage Health Corp. engages in the production and distribution of cannabis products for medical and adult-use markets in Canada. The company was formerly known as WeedMD Inc. and changed its name to Entourage Health Corp. in July 2021. Entourage Health is traded on OTC Exchange in the United States.
Entourage Health'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 Entourage Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Entourage Health's price varies over time.
3 ways to utilize Entourage Health's volatility to invest better
Higher Entourage Health's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Entourage Health Corp 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. Entourage Health Corp 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 Entourage Health Corp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Entourage Health'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 Entourage Health's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Entourage Health Investment Opportunity
Entourage Health Corp has a volatility of 17.69 and is 22.68 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Entourage Health Corp is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Entourage Health Corp to protect your portfolios against small market fluctuations. The pink sheet experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of Entourage Health to be traded at $0.0037 in 90 days.Significant diversification
The correlation between Entourage Health Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entourage Health Corp and DJI in the same portfolio, assuming nothing else is changed.
Entourage Health Additional Risk Indicators
The analysis of Entourage Health'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 Entourage Health's investment and either accepting that risk or mitigating it. Along with some common measures of Entourage Health pink sheet'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 | 0.0146 | |||
| Market Risk Adjusted Performance | 0.1016 | |||
| Mean Deviation | 10.36 | |||
| Semi Deviation | 12.52 | |||
| Downside Deviation | 14.13 | |||
| Coefficient Of Variation | 15056.82 | |||
| Standard Deviation | 17.36 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Entourage Health 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 Entourage Health 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. Entourage Health'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, Entourage Health'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 Entourage Health Corp.
Complementary Tools for Entourage Pink Sheet analysis
When running Entourage Health's price analysis, check to measure Entourage Health'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 Entourage Health is operating at the current time. Most of Entourage Health's value examination focuses on studying past and present price action to predict the probability of Entourage Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entourage Health's price. Additionally, you may evaluate how the addition of Entourage Health to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |