Enviroleach Technologies Stock Volatility
| EVLLF Stock | USD 0.01 0.0001 1.43% |
EnviroLeach Technologies is out of control given 3 months investment horizon. EnviroLeach Technologies secures Sharpe Ratio (or Efficiency) of 0.0795, which denotes the company had a 0.0795% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use EnviroLeach Technologies Mean Deviation of 14.35, downside deviation of 19.15, and Coefficient Of Variation of 1751.66 to evaluate company specific risk that cannot be diversified away. Key indicators related to EnviroLeach Technologies' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
EnviroLeach Technologies 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 EnviroLeach daily returns, and it is calculated using variance and standard deviation. We also use EnviroLeach's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of EnviroLeach Technologies volatility.
EnviroLeach |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as EnviroLeach Technologies 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 EnviroLeach Technologies at lower prices to lower their average cost per share. Similarly, when the prices of EnviroLeach Technologies' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
EnviroLeach Technologies Market Sensitivity And Downside Risk
EnviroLeach Technologies' beta coefficient measures the volatility of EnviroLeach 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 EnviroLeach pink sheet's returns against your selected market. In other words, EnviroLeach Technologies's beta of -0.58 provides an investor with an approximation of how much risk EnviroLeach Technologies pink sheet can potentially add to one of your existing portfolios. EnviroLeach Technologies is showing large volatility of returns over the selected time horizon. EnviroLeach Technologies is a penny stock. Even though EnviroLeach Technologies 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 EnviroLeach Technologies 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 EnviroLeach 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 EnviroLeach Technologies Demand TrendCheck current 90 days EnviroLeach Technologies correlation with market (Dow Jones Industrial)EnviroLeach Beta |
EnviroLeach 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 | 19.68 |
It is essential to understand the difference between upside risk (as represented by EnviroLeach Technologies's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of EnviroLeach Technologies' daily returns or price. Since the actual investment returns on holding a position in enviroleach 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 EnviroLeach Technologies.
EnviroLeach Technologies Pink Sheet Volatility Analysis
Volatility refers to the frequency at which EnviroLeach Technologies pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with EnviroLeach Technologies' price changes. Investors will then calculate the volatility of EnviroLeach Technologies' 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 EnviroLeach Technologies' volatility:
Historical Volatility
This type of pink sheet volatility measures EnviroLeach Technologies' fluctuations based on previous trends. It's commonly used to predict EnviroLeach Technologies' 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 EnviroLeach Technologies' 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 EnviroLeach Technologies' 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. EnviroLeach Technologies 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.
EnviroLeach Technologies Projected Return Density Against Market
Assuming the 90 days horizon EnviroLeach Technologies has a beta of -0.578 suggesting as returns on the benchmark increase, returns on holding EnviroLeach Technologies are expected to decrease at a much lower rate. During a bear market, however, EnviroLeach Technologies is likely to outperform the market.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 EnviroLeach Technologies or Basic Materials 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 EnviroLeach Technologies' 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 EnviroLeach 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.
EnviroLeach Technologies has an alpha of 1.1815, implying that it can generate a 1.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an EnviroLeach Technologies 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.EnviroLeach Technologies Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of EnviroLeach Technologies is 1258.65. The daily returns are distributed with a variance of 387.27 and standard deviation of 19.68. The mean deviation of EnviroLeach Technologies is currently at 14.42. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 1.18 | |
β | Beta against Dow Jones | -0.58 | |
σ | Overall volatility | 19.68 | |
Ir | Information ratio | 0.05 |
EnviroLeach Technologies Pink Sheet Return Volatility
EnviroLeach Technologies historical daily return volatility represents how much of EnviroLeach Technologies pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 19.6792% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7777% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About EnviroLeach Technologies Volatility
Volatility is a rate at which the price of EnviroLeach Technologies 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 EnviroLeach Technologies may increase or decrease. In other words, similar to EnviroLeach's beta indicator, it measures the risk of EnviroLeach Technologies and helps estimate the fluctuations that may happen in a short period of time. So if prices of EnviroLeach Technologies 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.EnviroMetal Technologies Inc. develops and markets technologies for the extraction of precious and other valuable metals from printed circuit board assemblies and mineral concentrates in the primary and secondary metal sectors. EnviroMetal Technologies Inc. was incorporated in 2016 and is headquartered in Burnaby, Canada. Envirometal Technologies operates under Gold classification in the United States and is traded on OTC Exchange.
EnviroLeach Technologies' 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 EnviroLeach Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much EnviroLeach Technologies' price varies over time.
3 ways to utilize EnviroLeach Technologies' volatility to invest better
Higher EnviroLeach Technologies' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of EnviroLeach Technologies 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. EnviroLeach Technologies 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 EnviroLeach Technologies investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in EnviroLeach Technologies' 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 EnviroLeach Technologies' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
EnviroLeach Technologies Investment Opportunity
EnviroLeach Technologies has a volatility of 19.68 and is 25.23 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of EnviroLeach Technologies is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use EnviroLeach Technologies to protect your portfolios against small market fluctuations. The pink sheet experiences a bearish sentiment with high volatility. Check odds of EnviroLeach Technologies to be traded at $0.0067 in 90 days.Good diversification
The correlation between EnviroLeach Technologies and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EnviroLeach Technologies and DJI in the same portfolio, assuming nothing else is changed.
EnviroLeach Technologies Additional Risk Indicators
The analysis of EnviroLeach Technologies' 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 EnviroLeach Technologies' investment and either accepting that risk or mitigating it. Along with some common measures of EnviroLeach Technologies 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 | 0.0533 | |||
| Market Risk Adjusted Performance | (1.91) | |||
| Mean Deviation | 14.35 | |||
| Semi Deviation | 13.79 | |||
| Downside Deviation | 19.15 | |||
| Coefficient Of Variation | 1751.66 | |||
| Standard Deviation | 19.65 |
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.
EnviroLeach Technologies 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 EnviroLeach Technologies 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. EnviroLeach Technologies' 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, EnviroLeach Technologies' 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 EnviroLeach Technologies.
Complementary Tools for EnviroLeach Pink Sheet analysis
When running EnviroLeach Technologies' price analysis, check to measure EnviroLeach Technologies' 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 EnviroLeach Technologies is operating at the current time. Most of EnviroLeach Technologies' value examination focuses on studying past and present price action to predict the probability of EnviroLeach Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnviroLeach Technologies' price. Additionally, you may evaluate how the addition of EnviroLeach Technologies to your portfolios can decrease your overall portfolio volatility.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |