Evofem Biosciences Volatility
| EVFMDelisted Stock | USD 0.05 0.0001 0.21% |
We have found twenty-three technical indicators for Evofem Biosciences, which you can use to evaluate the volatility of the firm. Please confirm Evofem Biosciences' Mean Deviation of 5.75, variance of 53.86, and Standard Deviation of 7.34 to check if the risk estimate we provide is consistent with the expected return of 0.0%. Key indicators related to Evofem Biosciences' volatility include:
540 Days Market Risk | Chance Of Distress | 540 Days Economic Sensitivity |
Evofem Biosciences 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 Evofem daily returns, and it is calculated using variance and standard deviation. We also use Evofem's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Evofem Biosciences volatility.
Evofem |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Evofem Biosciences 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 Evofem Biosciences at lower prices. For example, an investor can purchase Evofem 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 Evofem Biosciences' 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.
Moving together with Evofem OTC Stock
Moving against Evofem OTC Stock
| 0.75 | VCEL | Vericel Corp Ord | PairCorr |
| 0.56 | VANI | Vivani Medical | PairCorr |
| 0.39 | VCYT | Veracyte | PairCorr |
| 0.38 | VAXX | Vaxxinity | PairCorr |
| 0.35 | VERA | Vera Therapeutics | PairCorr |
| 0.35 | SABSW | SAB Biotherapeutics | PairCorr |
| 0.31 | CDIOW | Cardio Diagnostics | PairCorr |
Evofem Biosciences Market Sensitivity And Downside Risk
Evofem Biosciences' beta coefficient measures the volatility of Evofem 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 Evofem otc stock's returns against your selected market. In other words, Evofem Biosciences's beta of -1.58 provides an investor with an approximation of how much risk Evofem Biosciences otc stock can potentially add to one of your existing portfolios. Evofem Biosciences is displaying above-average volatility over the selected time horizon. Evofem Biosciences is a penny stock. Although Evofem Biosciences may be in fact a good investment, many penny otc stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Evofem Biosciences. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Evofem instrument if you perfectly time your entry and exit. However, remember that penny otcs 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 Evofem Biosciences Demand TrendCheck current 90 days Evofem Biosciences correlation with market (Dow Jones Industrial)Evofem Beta |
Evofem 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 | 0.0 |
It is essential to understand the difference between upside risk (as represented by Evofem Biosciences's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Evofem Biosciences' daily returns or price. Since the actual investment returns on holding a position in evofem otc 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 Evofem Biosciences.
Evofem Biosciences OTC Stock Volatility Analysis
Volatility refers to the frequency at which Evofem Biosciences otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Evofem Biosciences' price changes. Investors will then calculate the volatility of Evofem Biosciences' 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 Evofem Biosciences' volatility:
Historical Volatility
This type of otc volatility measures Evofem Biosciences' fluctuations based on previous trends. It's commonly used to predict Evofem Biosciences' 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 Evofem Biosciences' 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 Evofem Biosciences' to be redeemed at a future date.Transformation |
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Evofem Biosciences Projected Return Density Against Market
Given the investment horizon of 90 days Evofem Biosciences has a beta of -1.5808 suggesting as returns on its benchmark rise, returns on holding Evofem Biosciences are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Evofem Biosciences is expected to outperform its benchmark.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 Evofem Biosciences or Pharmaceuticals 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 Evofem Biosciences' 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 Evofem 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.
Evofem Biosciences 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 Evofem Biosciences 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 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.Evofem Biosciences OTC Stock Return Volatility
Evofem Biosciences historical daily return volatility represents how much of Evofem Biosciences otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 0.0% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7444% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Evofem Biosciences Volatility
Volatility is a rate at which the price of Evofem Biosciences 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 Evofem Biosciences may increase or decrease. In other words, similar to Evofem's beta indicator, it measures the risk of Evofem Biosciences and helps estimate the fluctuations that may happen in a short period of time. So if prices of Evofem Biosciences 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.Evofem Biosciences, Inc., a biopharmaceutical company, develops and commercializes various products to address unmet needs in womens sexual and reproductive health. Evofem Biosciences, Inc. is headquartered in San Diego, California. Evofem Biosciences operates under Biotechnology classification in the United States and is traded on OTC Exchange. It employs 119 people.
Evofem Biosciences' 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 Evofem OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Evofem Biosciences' price varies over time.
3 ways to utilize Evofem Biosciences' volatility to invest better
Higher Evofem Biosciences' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Evofem Biosciences 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. Evofem Biosciences 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 Evofem Biosciences investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Evofem Biosciences' 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 Evofem Biosciences' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Evofem Biosciences Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.74 and is 9.223372036854776E16 times more volatile than Evofem Biosciences. Compared to the overall equity markets, volatility of historical daily returns of Evofem Biosciences is lower than 0 percent of all global equities and portfolios over the last 90 days. You can use Evofem Biosciences to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Evofem Biosciences to be traded at $0.0474 in 90 days.Good diversification
The correlation between Evofem Biosciences and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evofem Biosciences and DJI in the same portfolio, assuming nothing else is changed.
Evofem Biosciences Additional Risk Indicators
The analysis of Evofem Biosciences' 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 Evofem Biosciences' investment and either accepting that risk or mitigating it. Along with some common measures of Evofem Biosciences 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 | (0.07) | |||
| Market Risk Adjusted Performance | 0.4722 | |||
| Mean Deviation | 5.75 | |||
| Coefficient Of Variation | (1,018) | |||
| Standard Deviation | 7.34 | |||
| Variance | 53.86 | |||
| Information Ratio | (0.12) |
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.
Evofem Biosciences 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 Evofem Biosciences 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. Evofem Biosciences' 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, Evofem Biosciences' 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 Evofem Biosciences.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in census. Note that the Evofem Biosciences information on this page should be used as a complementary analysis to other Evofem Biosciences' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Other Consideration for investing in Evofem OTC Stock
If you are still planning to invest in Evofem Biosciences 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 Evofem Biosciences' history and understand the potential risks before investing.
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